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At noon: Commodity producers drag Add to ...



North American stock market indexes drifted lower on Friday, with a dip in commodity prices weighing down energy and materials stocks at midday.

At noon, the Dow Jones industrial average was down 14 points, or 0.2 per cent, to 8757. The broader S&P 500 was down 5 points, or 0.6 per cent, to 940.

Five of the 10 subindexes in the S&P 500 were lower, with materials down 2 per cent and energy stocks down 1.7 per cent. Consumer discretionary stocks were down 1.3 per cent after the University of Michigan's consumer sentiment index barely budged in June from the previous month.

Health care stocks were the biggest winners, rising 1 per cent. Financials rose just 0.2 per cent.

In Canada, the S&P/TSX composite index was down 63 points, or 0.6 per cent, to 10,651.

Surprisingly, information technology stocks were the biggest drags, falling 1.5 per cent. Materials fell 1.1 per cent, driven by an $18.50 (U.S.) retreat in the price of gold, to $943.50 an ounce.

Energy stocks fell 0.9 per cent, after the price of crude oil fell to $72.07 a barrel, down 61 cents. Financials fell 0.6 per cent.

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