North American stock markets opened the week a little lower as investors digested Friday’s large gains induced by a strong U.S. jobs report.

The S&P/TSX composite index closed down 46.12 points at 16,950.85.

In New York, the Dow Jones industrial average was down 105.46 points at 27,909.60. The S&P 500 index was down 9.95 points at 3,135.96, while the Nasdaq composite was down 34.70 points at 8,621.83.

The Canadian dollar traded for US75.56¢ compared with an average of US75.44¢ on Friday.

The January crude contract was down US18¢ at US$59.02 per barrel and the January natural gas contract was down US10.2¢ at US$2.23 per mmBTU.

The February gold contract was down US20¢ at US$1,464.90 an ounce and the March copper contract was up US3.35¢ at US$2.76 a pound.