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Stockhouse @ the Bell: TSX & Wall St. fall further on energy losses

Stockhouse Editorial
0 Comments| July 17, 2019


Canada’s main stock index fell lower on Wednesday under pressure from losses in the industrials sector and energy stocks. The rally from expectations on the US Federal Reserve’s action over rate cuts appears to have subsided on Wall Street. Reporting season has been unimpressive so far and the earnings growth rate for Q2 2019 now stands at 0.4%, according to new data. CSX Corp fell dramatically after it reported that its quarterly earnings missed expectations.
 
The S&P/TSX Composite Index was down 18.21 points to 16,484.21, the TSX Venture Exchange was up 7.02 points to 587.19.
 
The Canadian dollar traded for 76.60 cents US compared with an average of 76.62 cents US on Tuesday.
 
Crude oil prices were down $0.84 to $56.78.
 
The price of gold was up $17.07 to $1,426.27.
 
In U.S. markets; the Dow lost 115.78 points to 27,219.85, the S&P 500 slipped 19.62 points to 2,984.42 and the NASDAQ fell 37.59 more points to 8,185.21.

In world markets; the Nikkei slid 65.90 points to 21,469.20, the Hang Seng gave up 26.43 points to 28,593.17, the FTSE decreased 45.76 points to 7,531.16, and the DAX was down 89.32points to 12,341.03.



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