(Stock image generated with AI.)

Domestic equity markets fell on Thursday, led by losses in mining and technology shares. The pullback came as oil prices extended their rally and moved higher on ongoing geopolitical concerns, with investors turning their attention to earnings from US big tech.

 In the US, the S&P 500 retreated on Thursday, pressured by Microsoft (NASDAQ:MSFT) who fell 10 per cent after the megacap tech company’s earnings results and the Federal Reserve’s latest interest‑rate announcement prompted a cautious reaction from traders.

TSX33,016.13-159.94TSX
TSXV1,108.29-39.81TSXV
CSE173.82−4.49CSE
DJIA49,071.56+55.96DJIA
NASDAQ23,685.12-172.33NASDAQ
S&P 5006,969.01-9.02S&P 500

The Canadian dollar traded for 74.08 cents US compared to 73.77 cents US on Wednesday.

US crude futures traded US$2.09 higher at US$65.30 a barrel, and the Brent contract rose US$2.26 to US$70.66 a barrel.

The price of gold was up US$106.90 to US$5,412.15.

In world markets, the Nikkei was up 16.89 points to ¥53,375.60, the Hang Seng was up 141.18 points to HK$27,968.09, the FTSE was up 26.36 points to ₤10,180.79, and the DAX was down 513.33 points to €24,309.46.


Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

@ the Bell: TSX stabilizes as Trump signals escalation in Iran conflict

Canada’s benchmark stock index climbed higher on Thursday even after optimism for a quick resolution to...

@ the Bell: No joke! Markets rise as investors await key Middle East update

Canada’s main stock index moved higher on Wednesday as global markets climbed, encouraged by comments from...

A cash‑flow hedge for a $100 oil world

Cenovus (TSX:CVE) is structurally levered to US$100 oil, with long life oil sands assets and high fixed cost leverage that turn rising crude
Cannabis Report above an image of cannabis

StockTalk | Cannabis Report: A breath of fresh air

Cannabix Technologies (CSE:BLO) has completed the first commercial sale of its Marijuana Breath Test system to...