Markets rally as AMD surges 16% on earnings and chip stocks lead. Disney beats estimates, gold and copper jump, oil slides, and Bitcoin climbs.
Markets rally as AMD surges 16% on earnings and chip stocks lead. Disney beats estimates, gold and copper jump, oil slides, and Bitcoin climbs.

The TSX is Global markets are firmly in risk‑on mode, with U.S. equities pushing to fresh records as chip stocks lead the charge. The Nasdaq and S&P 500 are extending gains on blockbuster semiconductor earnings, while Canadian markets are softer as energy prices retreat and investors rotate back into growth. Currency markets are volatile following a sharp yen move, and commodities are pulling back after recent spikes.

Bitcoin continues to participate in the risk rally, climbing more than 1% in Canadian‑dollar terms. Gold and copper are surging as investors balance inflation hedges with growth optimism, while oil is sliding sharply on hopes for improved crude flows out of the Persian Gulf.

Market numbers

TSX: Down (‑0.21%), 33,566.91

TSXV: Down (‑1.17%), 978.77

DOW: Up (+1.03%), 49,789.9

NASDAQ: Up (+0.23%), 28,321.4

FTSE 100: Up (+1.76%), 10,444.47

In the headlines

  • AMD surges on blowout earnings and guidance: Advanced Micro Devices (TSX:AMD) — the U.S. semiconductor designer — rocketed 16% after posting strong earnings and guiding to $11.2 billion in revenue. Investors applauded accelerating data‑centre demand and AMD’s expanding footprint in AI and high‑performance computing.
  • Disney rises after earnings beat under new CEO: Walt Disney Co. (TSX:DIS) — the global entertainment and media giant — moved higher after beating second‑quarter earnings expectations. While U.S. theme‑park attendance dipped slightly in the first report under CEO Josh D’Amaro, investors focused on improving margins and streaming progress.

Currencies

USD: Down (‑0.01%), $0.7340

GBP: Down (‑0.50%), $0.5393

EUR: Down (‑0.48%), $0.62490

JPY: Down (‑1.11%), ¥114.654

AUD: Down (‑0.75%), $1.0144

Bitcoin (BTC/CAD): Up (+1.22%), 111,454.7

(Conversion to C$1)

Commodities

Copper: Up (+3.03%), 6.17716

Gold: Up (+3.03%), 4,695.53

WTI: Down (‑6.34%), 96.00

Natural Gas: Down (‑2.41%), 2.708

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