Markets are mixed as investors weigh fresh strength in technology against weakness in commodities. Canadian equities are lower, with the TSX slipping as oil and gold retreat, while U.S. markets are uneven after the Dow edged higher and the Nasdaq pulled back slightly. Investors remain focused on mega‑cap technology momentum, with record‑level valuations continuing to reshape market leadership.
Commodity markets are driving much of the rotation. Oil is sliding sharply as optimism grows around a possible reopening of the Strait of Hormuz, easing supply‑risk premiums. Gold is also under pressure as traders rotate away from defensive assets, while copper is softer. Natural gas is a bright spot, climbing strongly, and Bitcoin is pulling back in Canadian‑dollar terms after recent volatility.
Market numbers
TSX: Down (‑0.27%), 34,561.10
TSXV: Down (‑0.59%), 995.74
DOW: Up (+0.26%), 50,578.7
NASDAQ: Down (‑0.12%), 29,931.5
FTSE 100: Down (‑0.07%), 10,499.89
In the headlines
- SpaceX secures $2.3B contract ahead of IPO: SpaceX — Elon Musk’s aerospace and satellite company — has secured a $2.3‑billion contract to build satellites, strengthening its revenue outlook ahead of a widely anticipated IPO. The deal is also helping fuel a new wave of ETF launches tied to space and defence themes, while recent Starship tests have bolstered the long‑term investment case despite lingering execution risks.
- Apple tops $4.5 trillion market value: Apple (TSX:AAPL) — the world’s most valuable company — has climbed past a $4.5‑trillion market capitalization, with shares up about 14% on the year. Investors continue to reward Apple’s resilience, services growth, and positioning in the AI‑driven hardware upgrade cycle.
Currencies
USD: Down (‑0.18%), $0.7225
GBP: Down (‑0.13%), $0.5374
EUR: Down (‑0.25%), $0.62092
JPY: Down (‑0.09%), ¥115.245
AUD: Up (+0.32%), $1.0131
Bitcoin (BTC/CAD): Down (‑1.14%), 103,547.9
(Conversion to C$1)
Commodities
Copper: Down (‑0.93%), 6.39231
Gold: Down (‑1.89%), 4,422.23
WTI: Down (‑4.08%), 86.81
Natural Gas: Up (+2.50%), 3.074
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