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Energy stocks take TSX lower; outlook from retailer Lowes helps depress N.Y.

Published on February 23, 2010; Published on February 24, 2010
The Canadian Press ~ The News

Topics :: TSX , S&P , CIBC , New York , United States , TORONTO

TORONTO - The Toronto stock market closed lower with the market weighed down by energy and financial stocks.

The S&P/TSX composite index lost 74.54 points to 11,634.75 ahead of a big slate of economic data and earnings news this week.

The Canadian dollar slipped 0.2 of a cent to 95.91 cents US while oil gained 25 cents to US$80.16 a barrel.

In Canada, CIBC and National Bank will kick off the quarterly earnings reporting season for the big Canadian banks on Thursday.

In the United States, retailers are in focus this week, along with an updated estimate on U.S. economic output for the fourth quarter and the latest reading on consumer confidence.

New York's Dow Jones industrials edged 18.97 points lower to 10,383.38. The Nasdaq composite index lost 1.84 points to 2,242.03 while the S&P 500 index closed 1.16 down points at 1,108.01.

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