The S&P 500 Index looked set to extend its rally from a day earlier as more company results rolled in, with General Motors, GlaxoSmithKline and Sprint among those beating expectations. That's the lowest level since July 8, 2016.
Fehr said the fundamental backdrop for the market, including improved corporate earnings, the economy and interest rates, remain positive. Some early gains for tech and internet stocks also faded.
Marijuana producers pushed health care stocks higher by 1.4 per cent. Aphria Inc. rose 6.3 per cent, while Aurora Cannabis Inc. and Canopy Growth Corp. increased 2 per cent and 1.5 per cent, respectively.
His remarks came a day after Chinese Assistant Foreign Minister Zhang Hanhui underscored that Beijing is not ready to minimize its trade with the U.S. despite the ongoing trade conflict between the two countries.
All sectors on the TSX lost ground on Monday, led by cannabis-heavy health care which was down more than 10 per cent. Aphria Inc. closed down 17.35 per cent, Canopy Growth Corp. Silver fell 1.8 percent to $14.44 an ounce. The euro fell as Germany's Angela Merkel said she will quit as head of her party after almost two decades, though she intends to see out her term as chancellor.
Petition Circulating To Move Halloween To A Saturday
In the end, Halloween is not a federal holiday.so the government doesn't really have a lot to do with it. In some years, with today being a pretty good example, Halloween falls on a weeknight.
The MSCI Emerging Market Index climbed 0.5 percent, the first advance in a week. Still, the index is down almost 10 per cent for the month.
The Japanese yen fell 0.4 percent to 112.34 per dollar, the biggest dip in nearly two weeks.
Germany's DAX rose 1.2% as Volkswagen, Daimler and BMW made big gains. The yen edged lower after the Bank of Japan left its monetary stimulus unchanged and kept its 10-year bond yield target at about zero percent.
The yield on the 10-year Treasury note rose to 3.08 percent from 3.07 percent.The price of USA crude oil dropped 0.8 percent to $67.04 per barrel in NY while Brent crude, used to price global oils, lost 0.4 percent to $77.34 per barrel in London.Wholesale gasoline added 0.5 percent to $1.82 a gallon and heating oil slid 0.8 percent to $2.28 a gallon.
Brent crude futures fell $1.34 to $76.00 a barrel, a 1.7-per-cent drop. Heating oil fell 0.8% to $2.28 a gallon.
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