Toronto stocks moved marginally forward Wednesday, as strength in the information technology sector offset weakness in the resource sectors.

The S&P/TSX composite index inched ahead 1.45 points, or 0.01%, to 12,782.99.

Six of the 10 TSX main sub-groups were up.

The energy index fell 0.45%.

UTS Energy Corp. gained 11¢, or 2.38%, to $4.73.

The materials group gave up 1.23%, and the gold index fell 2.19%.

Kinross Gold Corp. fell 35¢, or 2.53%, to $13.48.

The information technology sector moved ahead 1.63%. Nortel Networks moved up $1.43, or 5.05%, to $29.73.

The Canadian dollar was up 0.36 of a cent to US87.08¢.

The S&P/TSX Venture composite index gained 20.25 points, or 0.72%, to 2,846.28.

In New York, markets ended slightly lower as weakness in the energy sector erased early gains fuelled by mergers and acquisitions news.

The Dow Jones industrial index fell 7.45, or 0.06%, to 12,463.87, the Nasdaq dipped 1.94, or 0.08%, to 2,427.61, and the S&P500 lost 2.02, or 0.14%, to 1,423.53.