04/19/2017 07:29 EDT | Updated 04/19/2017 07:40 EDT

Toronto stock market index down a nudge, weighed down by falling gold

TORONTO — Gold stocks have weighed down Toronto Stock Exchange today as the price of bullion retreats.

The Toronto Stock Exchange's S&P/TSX composite index was down 1.87 points to 15,620.70 after 90 minutes of trading.

The market's global gold index and its materials index have seen the biggest declines.

In New York, the Dow Jones industrial average lost 22.87 points to 20,500.41, the S&P 500 index added 6.52 points to 2,348.71 and the Nasdaq composite index was up 36.24 points to 5,885.71.

The Canadian dollar was trading at 74.42 cents US, down 0.31 of a cent from Tuesday's close, as the American dollar strengthened against most other major currencies.

The June crude contract was down 20 cents at US$52.65 per barrel and the May natural gas contract was up six cents at US$3.20 per mmBTU.

The June gold contract was down $12.60 cents at US$1,281.50 an ounce and the May copper contract was up one cent at US$2.54 a pound.