AI Stocks Tumble as Anthropic Nears IPO Filing
AI Stocks Tumble as Anthropic Nears IPO Filing

Markets are firmly higher as global equities extend their record‑breaking run, driven by strong corporate earnings and continued momentum in technology. The TSX is advancing, supported by gains in financials and industrials, while U.S. markets are climbing again with all major indexes pushing deeper into all‑time highs. Strength is also spreading globally, with Asia and Europe following Wall Street’s lead as investors remain focused on earnings and AI‑driven growth.

Commodities are mixed but stabilizing. Oil is pulling back modestly after recent volatility, while gold is rebounding sharply from recent lows as traders step back into safe‑haven assets. Copper is slightly weaker as profit‑taking emerges, and natural gas is climbing. Bitcoin is lower in Canadian‑dollar terms as crypto consolidates despite the broader equity rally.

Market numbers

TSX: Up (+0.26%), 34,607.92

TSXV: Up (+0.37%), 1,010.59

DOW: Up (+0.38%), 50,881.7

NASDAQ: Up (+0.58%), 30,399.8

FTSE 100: Up (+0.09%), 10,414.72

In the headlines

  • Dell surges on blockbuster earnings: Dell (NYSE:DELL) — the enterprise hardware and AI infrastructure company — surged roughly 40% after delivering earnings that far exceeded expectations. Strong demand for AI servers and data‑centre solutions continues to power growth, reinforcing Dell’s positioning in the AI supply chain.
  • TD Bank posts profit boost on strong interest income: Toronto‑Dominion Bank (TSX:TD) — one of Canada’s largest lenders — reported a jump in profits, fueled by higher interest income. The results highlight the continued resilience of Canadian financials despite a slowing domestic economy.

Currencies

USD: Down (‑0.18%), $0.7237

GBP: Down (‑0.19%), $0.5382

EUR: Down (‑0.18%), $0.62169

JPY: Down (‑0.17%), ¥115.350

AUD: Down (‑0.52%), $1.0071

Bitcoin (BTC/CAD): Down (‑0.30%), 101,015.0

(Conversion to C$1)

Commodities

Copper: Down (‑0.34%), 6.43107

Gold: Up (+0.86%), 4,534.37

WTI: Down (‑1.99%), 85.42

Natural Gas: Up (+1.67%), 3.350

To stay up-to-date on all of your market news head to Stockhouse.com.

Join the discussion: Find out what everybody’s saying about Dell and TD Bank on May 29th, 2026, on Stockhouse’s stock forums and message boards.


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