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Stockhouse @ the Bell: TSX hot streak comes to an end

Stockhouse Editorial
0 Comments| September 18, 2019

Canada’s main stock index lost ground on Wednesday, as the energy sector stepped back amid lower oil prices and reduced concerns about Saudi oil production after a weekend attack. The Dow and S&P 500 were higher, while the Nasdaq pared earlier losses as market participants digested the Federal Reserve’s monetary policy decision, where central bank officials delivered their second rate cut of the year.

The S&P/TSX Composite Index was down 34.46 points to 16,800.29, and the TSX Venture Exchange was down 1.99 of a point to 584.91.

The Canadian dollar traded for 75.39 cents US, down compared with an average of 75.43 cents US on Tuesday.

Crude oil prices were down $1.28 to $58.06.

The price of gold was up $11.96 to $1,493.14.

In US markets; the Dow rose 36.28 points to 27,147.08 the S&P 500 added 1.03 points to 3,006.73 and the NASDAQ lost 8.62 points to 8,177.39.

In world markets; the Nikkei fell 40.54 21,960.71 the Hang Seng gave up 36.07 points to 26,754.12, the FTSE decreased 6.34 points to 7,314.05, but the DAX was up 17.03 points to 12,389.62.


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