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

Markets are holding gains as investors continue to lean into large‑cap technology and AI‑driven names, even as macro uncertainty persists. Canadian equities are moving higher, with the TSX gaining ground alongside a strong performance in small caps. In the U.S., both the Dow and Nasdaq are advancing, with the Nasdaq leading as tech continues to anchor market strength. European markets, however, are slightly weaker, suggesting some caution internationally.

The macro backdrop remains mixed. Oil prices are pulling back further as supply pressures ease, while gold is stabilizing after a volatile stretch. Copper is gaining momentum, signaling underlying industrial demand, and natural gas is rising. Bitcoin remains under pressure in Canadian‑dollar terms, extending recent weakness as liquidity continues to favor equities over crypto.

Market numbers

TSX: Up (+0.41%) 35,270.09

TSXV: Up (+1.66%) 983.13

DOW: Up (+0.21%) 51,712.0

NASDAQ: Up (+0.75%) 30,146.2

FTSE 100: Down (‑0.49%) 10,386.40

In the headlines

  • Apple climbs as price hikes loom: Apple (TSX:AAPL) — the global consumer‑technology leader — edged higher after CEO Tim Cook warned that price increases are “unavoidable” due to rising AI chip costs. The company is also reportedly working with Intel to expand U.S.-based chip manufacturing, reinforcing its long‑term supply chain strategy.
  • Coinbase CEO calls crypto bottom: Coinbase (NDAQ:COIN) CEO Brian Armstrong suggested Bitcoin may have found a bottom, even as volatility continues. The comments come amid ongoing debate over whether crypto markets have fully absorbed recent liquidity shocks and ETF outflows.

Currencies

USD: Down (‑0.10%) $0.7080

GBP: Up (+0.21%) $0.5344

EUR: Up (+0.09%) $0.61726

JPY: Down (‑0.03%) ¥113.938

AUD: Down (‑0.25%) $1.0078

Bitcoin (BTC/CAD): Down (‑0.82%) 90,163.6

(Conversion to C$1)

Commodities

Copper: Up (+1.04%) 6.48356

Gold: Up (+0.05%) 4,260.01

WTI: Down (‑2.25%) 73.75

Natural Gas: Up (+1.49%) 3.203

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