Toronto stocks fell Friday, ending a streak of four consecutive positive sessions, as a strong day in the information technology sector couldn’t offset a negative session in the broader market.
The S&P/TSX composite index fell 56.17, or 0.48%, to 11,761.27.
Eight of the 10 TSX main sub-groups were down.
The information technology sector moved up 4.66%.
Shares in Research in Motion Inc. soared $19.29, or 20.24%, to $114.59 as the Waterloo-based firm released strong quarterly earnings.
The energy sector fell 1.06%. The benchmark November contract ended up 15¢ at US$62.91 a barrel.
EnCana Corp. fell 55¢, or 1.05%, to $52.01.
The materials sector moved up 0.17%, while the gold sub-sector moved down 0.23%. Kinross Gold Corp. moved up 9¢, or 0.65%, to $13.99.
The financials sector was down 1.13%. Bank of Montreal lost $1.05, or 1.53%, to $67.60.
The Canadian dollar was down 0.56 of a cent to US89.47¢.
The S&P TSX Venture Exchange gained 13.47, or 0.55%, to 2,479.52.
In New York, markets were lower as investors took profits on recent gains.
The Dow industrials closed down 39.38 points at 11,679.07. The Nasdaq Composite Index fell 11.59 points to 2,258.43 while the S&P 500 Index lost 3.30 points to end at 1,335.85.
For the third quarter, ended with today’s session, the Dow gained 4.7%, the Nasdaq rose 4%, the S&P500 advanced 5.2%.
Markets close lower
Four-day winning streak ends; eight of 10 sub-groups down
- By: Rudy Mezzetta
- September 29, 2006 September 29, 2006
- 16:27