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

Markets are starting the week on firmer footing as technology and semiconductor stocks rebound from last week’s sharp selloff. The TSX and TSX Venture Index are both higher, while U.S. markets are also advancing, led by the Nasdaq as investors return to AI and chip names. Despite concerns about renewed tariffs and ongoing geopolitical tensions, risk appetite has improved as investors position for another busy earnings season.

Commodities are sending mixed signals. Oil prices remain elevated amid war jitters and concerns about Middle East supply disruptions, though crude has eased slightly from recent highs. Copper is moving sharply higher on renewed optimism around industrial demand, while gold is little changed. Bitcoin continues to build momentum, rising above key resistance levels and benefiting from a second consecutive week of ETF inflows.

Market numbers

TSX: Up (+0.43%) 35,111.27

TSXV: Up (+1.61%) 863.42

DOW: Up (+0.03%) 51,912.3

NASDAQ: Up (+1.54%) 28,981.3

FTSE 100: Up (+0.62%) 10,518.77

In the headlines

  • Paramount slips as Warner Bros. deal faces legal hurdle: Paramount (NDAQ:PSKY) fell after a judge paused a proposed US$110‑billion deal involving Warner Bros. Discovery. The ruling adds uncertainty to one of the largest media transactions under consideration and leaves investors questioning the timeline for approval.
  • 3M turnaround gains momentum: 3M (NYSE:MMM) shares jumped after the company raised its outlook, signaling that its restructuring efforts and operational turnaround are beginning to gain traction. Investors welcomed the stronger guidance as evidence that performance is improving across key business lines.

Currencies

USD: Flat (0.00%) $0.7097

GBP: Up (+0.36%) $0.5304

EUR: Down (‑0.06%) $0.62233

JPY: Up (+0.14%) ¥115.655

AUD: Down (‑0.14%) $1.0134

Bitcoin (BTC/CAD): Up (+2.15%) 93,878.6

(Conversion to C$1)

Commodities

Copper: Up (+2.58%) 6.53789

Gold: Up (+1.06%) 4,050.03

WTI Crude Oil: Up (+1.51%) 82.25

Natural Gas: Down (‑0.04%) 2.853

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 Paramount and 3M on July 21st, 2026, on Stockhouse’s stock forums and message boards.


More From The Market Online

Viridian Metals reports step-out drill assays at Kraken project

Viridian Metals reported first assays from southern step-out drilling at its Kraken copper-nickel-cobalt project in Labrador, with more results pending.

Southern Silver Exploration to present at Red Cloud mining showcase

Southern Silver Exploration plans to present at Red Cloud’s Fall Mining Showcase 2026 in Toronto on Oct. 28–29, with a 1:40 pm talk.

Antimony Resources closes $3 million private placement

Antimony Resources closed a $3.0 million private placement to fund exploration and development at its Bald Hill Antimony Project and working capital.

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.