S&P/TSX composite reverses early gains to end lower, U.S. stock markets also down

Falling commodity prices and mixed corporate earnings helped push down Canada's main stock index Thursday, while U.S. stock markets also fell.

"It's a pretty earnings-driven market," said Ryan Crowther, a portfolio manager at Franklin Bissett Investment Management in Calgary.

Health care was down 3.6 per cent as cannabis producer Canopy Growth Corp. fell 16.6 per cent after announcing layoffs and a restructuring as it reported earnings that also missed expectations. Company earning results were also mixed in New York, where the Dow Jones industrial average closed down 249.13 points at 33,699.88. The S&P 500 index was down 36.36 points at 4,081.50, while the Nasdaq composite was down 120.94 points at 11,789.58.

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