05/31/2016 07:29 EDT | Updated 06/01/2017 01:12 EDT

Toronto Stock Exchange up modestly, loonie down in late morning trading

TORONTO — The Toronto Stock Exchange was showing a modest gain in late morning trading today.

The S&P/TSX index was up 37.93 points after nearly two hours of trading, rising to 14,124.60.

In New York, the Nasdaq composite index was also up, but two other market indicators were down.

The Dow Jones industrial average was down 74.75 points to 17,798.47, the broader S&P 500 composite index declined 2.77 points to 2,096.29 and the Nasdaq composite gained 6.6 points to 4,940.11.

Canada's dollar was at 76.34 cents US, down 0.32 of a cent from Monday's close.

The July crude contract was up 53 cents at US$49.86 per barrel and July natural gas was up 9.1 cents at US$2.26 per mmBTU.

The August gold contract slipped 20 cents to US$1,216.50 an ounce and July copper contracts fell one cent to US$2.10 a pound.