Markets update at midmorning

On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was down 33.36 points to 15,871.78, after 90 minutes of trading.In New York, the Dow Jones industrial average was down 89.51 points to 23,352.25. The S&P 500 index was down 13.20 points to 2,555.93 and the Nasdaq composite index was down 28.59 points to 6,569.84.The Canadian dollar was trading at 78.21 cents US, down from Tuesday’s average price of 78.95 cents US.The December crude contract was down 20 cents to US$52.27 per barrel and the December natural gas contract was down two cents to US$3.11 per mmBTU.The December gold contract was down $1.30 to US$1,277.00 an ounce and the December copper contract was down two cents to US$3.18 a pound. read more