Markets were mixed today as a sharp rise in crude prices and climbing bond yields weighed on Wall Street, with chip stocks retreating despite Samsung’s record profit guidance. The TSX edged up 0.04% while the TSX Venture Index slipped 0.49%, and in the U.S. the Dow was essentially flat, down 0.02%, while the Nasdaq fell 0.62%. The FTSE 100 gained 0.22%.
Oil jumped 3.50% as crude climbed above $105 a barrel on Brent, adding to pressure from rising bond yields. Gold rose 0.44% while copper eased 0.56%, and Bitcoin fell 1.50% to just under C$117,000 as the U.S. dollar price slipped below $83,000 on weakening ETF demand. At home, Prime Minister Carney was in Sherbrooke for a clean energy announcement.
Market numbers
TSX: Up (+0.04%) 35,055.80
TSXV: Down (-0.49%) 872.85
DOW: Down (-0.02%) 51,137.9
NASDAQ: Down (-0.62%) 30,986.5
FTSE 100: Up (+0.22%) 10,494.33
In the headlines
- Samsung flags 783% profit jump but shares stay unimpressed: Samsung Electronics (KRX:005930), the South Korean electronics and semiconductor giant, forecast a 783% jump in profit to a record of roughly $80 billion as the AI chip boom also lifted TSMC sales. Despite the blockbuster guidance, the stock failed to rally, suggesting expectations were already high.
- PepsiCo beats earnings but lowers guidance, signals major cost cuts: PepsiCo (NASDAQ:PEP), the global food and beverage company behind Pepsi, Frito-Lay and Gatorade, topped earnings expectations but trimmed its guidance as it works to stabilize its North America business. The company also signaled major cost cuts amid a slow turnaround.
Currencies
USD: Up (+0.09%) $0.7016
GBP: Up (+0.04%) $0.5307
EUR: Up (+0.08%) $0.62697
JPY: Up (+0.14%) ¥111.044
AUD: Up (+0.18%) $1.0090
Bitcoin (BTC/CAD): Down (-1.50%) 116,923.4
(Conversion to C$1)
Commodities
Copper: Down (-0.56%) 6.64929
Gold: Up (+0.44%) 4,128.96
WTI: Up (+3.50%) 90.87
Natural Gas: Down (-1.41%) 3.228
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 Samsung and PepsiCo on October 8th, 2026, on Stockhouse’s stock forums and message boards.
