TSX slides as Big Tech earnings drive volatility. Amazon and Alphabet jump, Meta drops on capex fears, oil eases, gold rallies, and Bitcoin rises.
TSX slides as Big Tech earnings drive volatility. Amazon and Alphabet jump, Meta drops on capex fears, oil eases, gold rallies, and Bitcoin rises.

The TSX is down 0.79%, while the TSX Venture Index is off 1.33%, as Canadian markets retreat amid heavy rotation in global equities and lingering uncertainty tied to oil prices and geopolitics. In the U.S., markets are mixed: the Dow is up 1.02%, supported by strength in select industrials and financials, while the Nasdaq is down 0.70% as tech investors digest a wave of Big Tech earnings and elevated capital‑spending plans. In London, the FTSE 100 is outperforming, up 1.50%, helped by energy stocks.

Commodities are volatile. Oil has pulled back modestly after hitting a four‑year high, down 1.54%, while gold is rebounding strongly, up 1.77%, as investors hedge macro risk. Copper is higher, natural gas is firmer, and Bitcoin is rising in Canadian‑dollar terms, up 0.65%, as crypto continues to track risk‑on sentiment despite equity volatility.

Market numbers

TSX: Down (‑0.79%), 33,318.39

TSXV: Down (‑1.33%), 982.52

DOW: Up (+1.02%), 49,148.4

NASDAQ: Down (‑0.70%), 27,144.0

FTSE 100: Up (+1.50%), 10,350.00

In the headlines

  • Big Tech dominates earnings headlines: Amazon (TSX:AMZN) jumped after beating revenue expectations, while Microsoft (TSX:MSFT) held steady as cloud growth hit 40%. Alphabet (TSX:GOOG) surged to a fresh record after raising its capital‑expenditure target, underscoring AI confidence. Meta (TSX:META), however, tumbled 7% despite a double earnings beat, as investors balked at heavy AI‑related spending.
  • Ackman’s new fund stumbles out of the gate: Bill Ackman’s newly launched fund fell 18% from its IPO price in its debut, highlighting investor caution toward new vehicles amid volatile markets and rising scrutiny on performance expectations.

Currencies

USD: Up (+0.08%), $0.7313

GBP: Down (‑0.17%), $0.5411

EUR: Down (‑0.03%), $0.62585

JPY: Down (‑2.21%), ¥114.664

AUD: Down (‑0.50%), $1.0217

Bitcoin (BTC/CAD): Up (+0.65%), 104,317.4

(Conversion to C$1)

Commodities

Copper: Up (+0.47%), 5.95645

Gold: Up (+1.77%), 4,624.11

WTI: Down (‑1.54%), 105.50

Natural Gas: Up (+0.49%), 2.651

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