On Wednesday, the S&P 500 ended the day about unchanged and Toronto was down 0.2%
The Federal Reserve lowered interest rates by 0.25% in light of potential risks to the economy posed by trade tensions.
FedEx fell 13% due to its poor quarterly earnings report and lower outlook. The disappointing earnings and lower outlook was also blamed, in part, on trade tensions.
Toll Brothers was down 3.7%. That was in spite of a new report that ” U.S. home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum.” And, “Permits, a proxy for future construction, also increased to a 12-year high. ”