TSX closers lower

The Guardian (Charlottetown) - - WEEKEND BUSINESS -

The Toronto Stock Ex­change closed lower while the tech-heavy Nas­daq in­dex fin­ished the day at an all-time high Fri­day af­ter block­buster re­sults from Google fu­elled op­ti­mism for the tech­nol­ogy sec­tor.

The S&P/TSX com­pos­ite in­dex slipped 88.24 points to close at 14,642.84, while the loonie closed at 77.00 cents US, down 0.10 of a U.S. cent from Thurs­day's close.

Ear­lier in the morn­ing, the loonie had been be­low 77 cents US for the first time since March 9, 2009.

Amer­i­can mar­ket in­dexes were mixed, with the Dow Jones in­dus­trial av­er­age los­ing 33.80 points to 18,086.45, while the S&P 500 com­pos­ite in­dex gained 2.35 points to 2,126.64 and the Nas­daq in­dex was up 46.96 points to a record high of 5,210.14.

The Nas­daq was boosted by a more than 16 per cent gain in value of Google shares.

The tech gi­ant re­ported strong re­sults that beat an­a­lyst ex­pec­ta­tions af­ter mar­kets closed on Thurs­day.

On the com­mod­ity mar­kets, the Au­gust gold con­tract fell $12.00 to $1,131.90 an ounce - its low­est level since 2010.

Mean­while, the Au­gust crude con­tract was down two cents at US$50.89 a bar­rel and the Au­gust con­tract for nat­u­ral gas was down 1.6 cents at US$2.87.

“All com­modi­ties are pretty weak,” said Stephen Lin­gard, se­nior vice-pres­i­dent at Franklin Tem­ple­ton So­lu­tions.

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