11/14/2017 06:44 EST | Updated 11/14/2017 07:00 EST

North American stock markets fall into the red, loonie trades lower

TORONTO — North American stock markets took a step back in late-morning trading as the loonie also traded lower.

The S&P/TSX composite index was down 74.73 points to 15,951.53, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 61.02 points to 23,378.68. The S&P 500 index was down 7.52 points to 2,577.32 and the Nasdaq composite index was down 20.54 points to 6,737.06.

The Canadian dollar was trading at 78.35 cents US, down from an average price of 78.85 cents US on Friday.

The December crude contract was down US$1.38 to US$55.38 per barrel and the December natural gas contract was down 10 cents to US$3.07 per mmBTU.

The December gold contract was down US$1.30 to US$1,277.60 an ounce and the December copper contract was down six cents to US$3.06 a pound.