Markets are mixed as investors weigh strong corporate earnings against continued weakness in the semiconductor sector. Canadian equities are lower, with both the TSX and TSX Venture Index slipping, while U.S. markets are divided. The Dow is pushing higher to fresh highs, but the Nasdaq is under pressure as chip stocks retreat despite strong results from key industry players. Broadly, markets continue to wrestle with the durability of the AI trade.
Commodities are also reflecting a more cautious tone. Oil prices have pulled back after recent gains, though they remain elevated amid ongoing geopolitical concerns. Gold is sliding toward the $4,000 level after a short-lived inflation rally, while copper is modestly lower. Natural gas is recovering, and Bitcoin is weaker in Canadian-dollar terms as traders continue to reduce risk exposure.
Market numbers
TSX: Down (‑0.33%) 35,301.07
TSXV: Down (‑0.44%) 873.89
DOW: Up (+0.21%) 52,756.0
NASDAQ: Down (‑1.34%) 29,120.6
FTSE 100: Down (‑0.10%) 10,463.38
In the headlines
- Apple reaches new all-time high ahead of earnings: Apple (TSX:AAPL) — the world’s largest publicly traded company — closed at a new record high as investors position for what many expect to be a strong earnings report. Optimism remains centered on AI-related hardware demand and continued services growth.
- SpaceX slips below IPO price: SpaceX (NDAQ:SPCX) briefly fell below its $135 IPO price, erasing roughly $1 trillion in market value from its highs. The move marks a dramatic reversal from the company’s post-listing surge and highlights increasing volatility in high-profile growth stocks.
- TSMC boosts U.S. investment after profit surge (TSM): Taiwan Semiconductor Manufacturing Company (NYSE:TSM) announced plans to invest another US$100 billion in the United States after reporting second-quarter profit that easily surpassed expectations. The announcement reinforces long-term demand for advanced AI chips despite ongoing sector volatility.
Currencies
USD: Up (+0.15%) $0.7130
GBP: Up (+0.32%) $0.5275
EUR: Up (+0.29%) $0.62307
JPY: Up (+0.25%) ¥115.808
AUD: Up (+0.18%) $1.0183
Bitcoin (BTC/CAD): Down (‑1.05%) 89,977.6
(Conversion to C$1)
Commodities
Copper: Down (‑0.38%) 6.38380
Gold: Down (‑1.69%) 3,991.72
WTI: Down (‑2.25%) 78.59
Natural Gas: Up (+1.38%) 2.944
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