Businessmen trading stock looking at graphs indexes and numbers on multiple computer screens

Canada’s main stock index inched higher while U.S. markets dipped after strong rallies since last month’s lows.

The S&P/TSX composite index closed up 21.44 points at 13,614.14.

In New York, the Dow Jones industrial average was down 26.13 points at 22,653.86. The S&P 500 index was down 4.27 points at 2,659.41, while the Nasdaq composite was down 25.98 points at 7,887.26.

The Canadian dollar traded for US71.50¢ compared with an average of US70.79¢ on Monday.

The May crude oil contract was down US$2.45 at US$23.63 per barrel and the May natural gas contract was up 12 cents at US$1.85 per mmBTU.

The June gold contract was down US$10.20 at US$1,683.70 an ounce and the May copper contract was up 5.5 cents at US$2.27 a pound.