Ross Marowits, The Canadian PressLast Updated Thursday, September 19, 2019 5:26PM EDT
"We are in the last leg of optimism and rally before the lower interest rate environment enthusiasm wears off," he said in an interview. "The market still believes that rates are going lower and so that's a positive in helping markets go higher," he said. Crude oil prices surged 15 per cent following last weekend's attack. They fell as Saudi Arabia said it brought some of the output back online but remain up about six per cent.
The December gold contract was down US$9.60 at US$1,506.20 an ounce and the December copper contract was down 0.45 of a cent at US$2.61 a pound.Health care fell 3.2 per cent with shares of Canopy Growth Corp. losing 8.7 per cent.In New York, the Dow Jones industrial average was down 52.29 points at 27,094.79. The S&P 500 index was flat at 3,006.79, while the Nasdaq composite was up 5.49 points at 8,182.88.