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Market Open: Futures Rise on Strong Bank Earnings | Wednesday, Feb 26, 2025

Economy, Market News, Market Summary
26 February 2025 10:00 (EDT)
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It’s a day of more major bank earnings as well as chip giant Nvidia’s quarterly results, leaving investors hopeful and tipping Canada’s main stop index upward this morning.

Market Numbers: (Futures)

TSX : UP (0.34%) 25,289.67
TSXV: Down (1.63%) 616.63
DOW:  UP  (0.28%)  43,813.00
NASDAQ: Up (0.80%) 21,318.50
FTSE: Up (0.69%) 8,728.86

In the Headlines:

National Bank of Canada on Wednesday reported a higher first-quarter profit helped by robust performance in its wealth management unit.

And Nvidia Corp.’s earnings are set to dictate whether artificial intelligence can regain its status as the key driver behind Wall Street gains — or trigger more weakness.

Currencies Update: (Futures)

The Canadian dollar slips 0.27% to $.6967 US, holding 0.03% to $0.6645 against the Euro. Bitcoin drops 1.98% to 124,781.13

Commodities: (Future)

Natural Gas: Up (0.11%), 4.06
WTI:  Up (0.19%), 69.06
Gold: Down (0.51%), 2,901.50
Copper:  Up (0.88%) 6.16

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