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

Markets are rebounding after a sharp selloff, with strong gains across North American indices led by technology and industrials. The TSX is climbing, supported by broad participation across sectors, while U.S. markets are surging, with both the Dow and Nasdaq posting solid gains as investors step back into risk assets. European markets are also moving higher, signaling a coordinated global rebound.

Despite the equity recovery, the macro backdrop remains mixed. Inflation concerns and volatility continue to shape sentiment, while commodities are sending mixed signals. Oil is slipping modestly, gold is edging higher as some defensive positioning returns, copper is gaining strength, and natural gas is under pressure. Bitcoin is sharply higher in Canadian‑dollar terms, reflecting renewed risk appetite and inflows into digital assets after a recent pullback.

Market numbers

TSX: Up (+0.82%), 34,432.85

TSXV: Up (+0.73%), 918.86

DOW: Up (+0.76%), 50,252.5

NASDAQ: Up (+1.82%), 28,820.4

FTSE 100: Up (+1.59%), 10,357.29

In the headlines

  • Oracle drops on mixed earnings and capital raise: Oracle (TSXV:ORCL) — the enterprise software and cloud infrastructure company — fell more than 10% after delivering mixed earnings and announcing a large equity raise. Investors reacted negatively to dilution concerns and uncertainty around the pace of future growth.
  • Koho moves toward banking licence: Koho — the Canadian fintech company — raised $130 million as it moves closer to securing a banking licence. The funding strengthens its position in the competitive digital banking space as it looks to expand services and customer reach.

Currencies

USD: Down (‑0.36%), $0.7141

GBP: Down (‑0.26%), $0.5345

EUR: Down (‑0.37%), $0.61940

JPY: Down (‑0.40%), ¥114.684

AUD: Down (‑0.32%), $1.0213

Bitcoin (BTC/CAD): Up (+2.87%), 88,189.8

(Conversion to C$1)

Commodities

Copper: Up (+1.04%), 6.30702

Gold: Up (+0.40%), 4,087.58

WTI: Down (‑0.98%), 88.03

Natural Gas: Down (‑2.91%), 3.107

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 Oracle on June 11th, 2026, on Stockhouse’s stock forums and message boards.


More From The Market Online

How could bank stocks benefit from a Bank of Canada rate hike?

Laurentian Bank of Canada (TSX:LB) could benefit from a potential Bank of Canada rate hike if higher loan rates expand lending margins.

A convention connecting investors with emerging microcap cannabis companies

Auxly Cannabis (TSX:XLY) will present at Planet MicroCap Toronto 2026 on October 28, with CEO Hugo Alves leading the company’s presentation.

@ the Bell: Markets slip on oil and AI concerns

Canadian stocks moved lower on Thursday as sinking gold and copper prices coupled with rising crude...