Canada’s main stock index closed lower as oil and gold sectors fell and the U.S. Federal Reserve disappointed with its interest rate cut and guidance.

The S&P/TSX composite index was down 34.46 points at 16,800.29.

In New York, the Dow Jones industrial average was up 36.28 points at 27,147.08. The S&P 500 index was up 1.03 points at 3,006.73, while the Nasdaq composite was down 8.62 points at 8,177.39.

The Canadian dollar traded for an average of US75.35¢, down compared with an average of US75.43¢ on Tuesday.

The November crude contract was down US$1.06 at US$58.04 per barrel and the October natural gas contract was down US3.1¢ at US$2.64 per mmBTU.

The December gold contract was up US$2.40 at US$1,515.80 an ounce and the December copper contract was down US1.4¢ at US$2.61 a pound.