Toronto stocks closed lower Monday, weighed down by sagging technology issues. The S&P/TSX composite index closed fell 43.83 points to finiish at 8,801.21.

The tech sector led the decline, falling 2.66%, while healthcare stocks slipped 0.8% and the materials group shed 0.76%.

Among tech stocks, software maker Open Text fell $2.15 to $40.60, while Nortel Networks fell 42¢ to $9.66. Cognos was down $1.48, or 3.48%, to $41.02.

The energy, consumer staples and telecoms sectors were alone in positive territory on Monday.

Toronto volume was 238.6 million shares worth $3.28 billion.

The junior S&P/TSX Venture composite index bucked the down trend, climbing 7.43 points to finish at 1,923.42.

In New York, U.S. stocks ended lower as investors struck a cautious note before a quarterly update from chipmaker Texas Instruments.

After trading ended, Texas Instruments raised its first-quarter earnings and revenue targets due to strong demand across a broad product range.

The Dow Jones industrial average ended down 66.07 points, to 10,529.48. The S&P 500 eased 9.66 points to 1,147.20. The tech-heavy Nasdaq composite index dropped 38.85 points, or 1.90%, to 2,008.78.

The Canadian dollar inched higher finishing at US75.83¢, up from US75.66¢ at Friday’s close.