Stock markets move lower as traders take profits a day after Trump presser

Stock markets were lower as traders did some profit-taking from the highs seen in the past few weeks following a presser by president-elect Donald Trump on Wednesday.

The S&P/TSX composite index tumbled 73.38 points at 15,418.16, with most of the declines coming from the energy, real estate and financials sectors.

The Canadian dollar was ahead 0.26 of a U.S. cent at 76.15 cents US.

U.S. indexes were also in the red, as the Dow Jones industrial average fell 63.28 points to 19,891 and the S&P 500 edged down 4.88 points to 2,270.44. The Nasdaq composite dropped 16.16 points at 5,547.49.

In commodities, the February crude contract advanced 76 cents to $53.01 (U.S.) per barrel, despite energy stocks on the TSX shedding 0.9 per cent.

The February gold contract rose $3.20 to $1,199.80 an ounce, February natural gas jumped 16 cents to $3.39 per mmBTU, and March copper contracts were up six cents to $2.67 a pound.

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