Nvidia Slides on Huang Probe as Stocks Rebound
Bull and Market Open logo. (Source: Stockhouse)

Markets rallied broadly today as U.S. stocks recovered more of last week’s losses and oil prices swung lower. The TSX gained 1.02% and the TSX Venture Index rose 0.66%, while the Dow climbed 1.37% and the Nasdaq surged 3.06%. The FTSE 100 added 0.99% as Asian markets bounced back and futures pointed higher ahead of key AI earnings.

Oil slipped 0.66% to 90.00 as President Trump signaled restraint on Iran despite fresh shipping attacks, while gold jumped 1.26%, copper gained 1.24% and natural gas rose 3.77%. Bitcoin edged up 0.08% to just above C$105,000 even as the U.S. dollar price slipped below $74,000 on sour sentiment and liquidations. At home, Canada’s aluminum industry shipped 800,000 tonnes to Europe to dodge 50% U.S. tariffs, with the midterms potentially shifting the tide.

Market numbers

TSX: Up (+1.02%) 36,154.38

TSXV: Up (+0.66%) 827.42

DOW: Up (+1.37%) 51,996.4

NASDAQ: Up (+3.06%) 27,691.4

FTSE 100: Up (+0.99%) 10,745.69

In the headlines

  • Nvidia slides 5% as Huang admits affair with suspected Chinese spy: Nvidia (NASDAQ:NVDA), the dominant AI chipmaker, fell 5% after CEO Jensen Huang admitted to an affair with a suspected Chinese spy. The company said it initiated a “foreign intelligence” probe into Huang, while President Trump backed the CEO and China dismissed the claims as a smear campaign.
  • Strathcona Resources signs deal to buy Greenfire Resources: Strathcona Resources (TSX:SCR), the Canadian oil and gas producer, signed a deal to acquire Greenfire Resources (TSX:GFR), an oil sands producer. The transaction adds to ongoing consolidation across Canada’s energy sector.

Currencies

USD: Up (+0.10%) $0.7080

GBP: Down (-0.34%) $0.5279

EUR: Down (-0.44%) $0.63256

JPY: Down (-0.17%) ¥111.978

AUD: Down (-0.44%) $1.0260

Bitcoin (BTC/CAD): Up (+0.08%) 105,649.0

(Conversion to C$1)

Commodities

Copper: Up (+1.24%) 6.41765

Gold: Up (+1.26%) 4,121.76

WTI: Down (-0.66%) 90.00

Natural Gas: Up (+3.77%) 3.136

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