Toronto stocks closed lower on Thursday as investors moved to lock in technology share profits after yesterday’s tech rally.

The S&P/TSX composite index closed down 22.23 points, or 0.19%, at 11,929.91.

Five of the 10 TSX main groups finished lower.

The information technology group which jumped almost 5% on Wednesday, dropped 1.62% amid profit-taking.

Nortel Networks dipped 10¢, or 2.73%, to $3.56.

The energy group slipped 0.31%, as U.S. crude oil futures fell for the third straight day, dropping $1.88 to US$64.68 a barrel after data showed robust U.S. inventories.

EnCana Corp. Shares fell 49¢, or 0.89%, at $54.36.

Among the session’s gainers, the health-care group climbed 2.25%, led by Angiotech Pharmaceuticals Inc., up $2.28, or 14.34%, to $18.18 as investors were pleased by its acquisition of American Medical Instruments Holdings Inc., announced on Wednesday.

The junior S&P/TSX Venture composite index lost 9.86 points, or 0.38%, to finish at 2,554.27.

On Wall Street, U.S. stocks fell sharply on as economic data showing rising labor costs caused concern that the Federal Reserve would extend its string of interest-rate hikes.

The blue-chip Dow Jones industrial average finished down 101.97 points, or 0.93%, at 10,851.98.

The broader S&P 500 shed 11.62 points, or 0.91%, at 1,270.84. The tech-heavy Nasdaq composite ondex was down 28.99 points, or 1.25%, at 2,281.57.