Markets update at midmorning

On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was up 55.47 points to 16,008.98, after 90 minutes of trading.In New York, the Dow Jones industrial average was down 21.69 points to 23,412.50. The S&P 500 index was down 2.71 points to 2,578.36 and the Nasdaq composite index was up 15.34 points to 6,716.60.The Canadian dollar was trading at 77.81 cents US, up from Friday’s average price of 77.68 cents US.The December crude contract was up one cent to US$53.91 per barrel and the December natural gas contract was up four cents to US$3.00 per mmBTU.The December gold contract was up $2.10 to US$1,273.90 an ounce and the December copper contract was unchanged at US$3.10 a pound. read more