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Most stock markets, loonie turn negative during late morning trading

TORONTO — Major market indicators were mostly in the red during late morning trading.

Toronto's S&P/TSX index was down 3.99 points at 14,691.69.

The Dow Jones industrial average dropped 25.65 points to 18,572.05, while the broader S&P 500 composite index declined 4.66 points to 2,182.36. The Nasdaq composite gained 3.31 points to 5,243.46.

The Canadian dollar was at 77.62 cents US, losing 0.73 of a cent from Thursday's close.

The September crude contract was down 10 cents at US$48.12 per barrel and October natural gas declined 8.5 cents at US$2.63 per mmBTU.

The December gold contract fell $7.30 to US$1,349.90 an ounce and September copper contracts were little-changed at US$2.17 a pound.

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