Meta Slips, SpaceX Pops Ahead of Earnings as Chips Fall
Meta Slips, SpaceX Pops Ahead of Earnings as Chips Fall

Markets were mixed today as investors braced for a heavy week of tech earnings, with Meta and Tesla in focus and lingering unease around the AI trade. The TSX gained 0.11% and the Nasdaq rose 0.51%, while the TSX Venture Index slipped 0.13% and the Dow fell 0.15%. The FTSE 100 dropped 0.74% as French unrest clouded the European recovery.

Oil fell 1.34% while gold eased 0.29% and copper was essentially flat, down 0.03%. Bitcoin edged up 0.20% to just above C$116,000, and the euro held steady near $1.1230. At home, Statistics Canada reported inflation rose to 3.1% in September as higher gas prices bit, while the IMF forecast global growth of 3.1% in 2026, with the eurozone at 1.1%.

Market numbers

TSX: Up (+0.11%) 36,176.55

TSXV: Down (-0.13%) 845.30

DOW: Down (-0.15%) 51,896.6

NASDAQ: Up (+0.51%) 29,569.5

FTSE 100: Down (-0.74%) 10,759.29

In the headlines

  • Tesla reports earnings as shares sit down 21% on the year: Tesla (NASDAQ:TSLA), the electric vehicle and clean energy company, reported earnings with its stock down 21% over the past year, following a Roadster-driven pump that failed to hold. Investors are looking for fresh catalysts to turn sentiment around.
  • Musk says he’s giving SpaceX stock to every kid in America: Elon Musk, the CEO of Tesla and founder of SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company, said he plans to give SpaceX stock to every child in the United States. The pledge is one of the most eye-catching announcements yet from the billionaire.
  • JPMorgan announces $5 billion in national security investments: JPMorgan Chase (NYSE:JPM), the largest U.S. bank by assets, announced $5 billion in investments in companies considered critical to U.S. national security. The commitment reflects growing financial-sector support for strategic industries.

Currencies

USD: Up (+0.23%) $0.7084

GBP: Up (+0.28%) $0.5317

EUR: Up (+0.40%) $0.63180

JPY: Up (+0.45%) ¥112.259

AUD: Down (-0.27%) $1.0149

Bitcoin (BTC/CAD): Up (+0.20%) 116,011.2

(Conversion to C$1)

Commodities

Copper: Down (-0.03%) 6.62041

Gold: Down (-0.29%) 4,153.39

WTI: Down (-1.34%) 97.25

Natural Gas: Up (+0.85%) 3.102

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