Markets were mixed today as investors positioned ahead of major tech earnings, with chip stocks leading the Nasdaq lower even as the Dow pushed higher. The TSX slipped 0.24% and the TSX Venture Index fell 0.59%, while the Nasdaq dropped 1.18% as the AI-trade rebound fizzled. The Dow gained 0.44% and the FTSE 100 was essentially flat, up 0.01%.
Oil rose 0.41% to 98.50 as traders weighed Middle East supply risks, with headlines pointing to prices topping a five-month high above $110 on Brent. Natural gas surged 8.74%, while gold eased 0.20% and copper was flat, down 0.04%. Bitcoin slipped 0.67% to just under C$115,000, and the Loonie firmed against the greenback as Asian markets slid on fresh jitters ahead of the earnings rush.
Market numbers
TSX: Down (-0.24%) 35,843.93
TSXV: Down (-0.59%) 841.70
DOW: Up (+0.44%) 52,233.6
NASDAQ: Down (-1.18%) 29,245.9
FTSE 100: Up (+0.01%) 10,710.59
In the headlines
- Meta drops ahead of key earnings: Meta Platforms (NASDAQ:META), the social media and AI company behind Facebook and Instagram, slipped as traders positioned ahead of its quarterly earnings report. Investors will be watching closely for updates on AI spending and the progress of its Muse AI agent.
- SpaceX pops ahead of earnings with big move expected: SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company founded by Elon Musk, rose as traders looked ahead to its earnings report, with options pricing pointing to a sizeable move. Live coverage of the results is expected to draw heavy investor attention.
Currencies
USD: Up (+0.52%) $0.7120
GBP: Down (-0.09%) $0.5317
EUR: Up (+0.33%) $0.63414
JPY: Up (+0.14%) ¥112.498
AUD: Up (+0.30%) $1.0181
Bitcoin (BTC/CAD): Down (-0.67%) 114,705.2
(Conversion to C$1)
Commodities
Copper: Down (-0.04%) 6.64121
Gold: Down (-0.20%) 4,132.10
WTI: Up (+0.41%) 98.50
Natural Gas: Up (+8.74%) 3.297
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