Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

Tech optimism continues to dominate after yesterday’s powerful rebound in AI stocks lifted the Nasdaq by 2.7%. Today, markets are mixed: the TSX is lower, while U.S. indices show modest gains except for the Nasdaq, which is slightly weaker after its surge. London’s FTSE is also edging higher.

Currency markets are reacting to softer U.S. payroll data, which pushed the euro above $1.15 before easing back. Bitcoin remains under pressure after its recent selloff, while commodities are mixed—copper is stronger, but crude and natural gas are sliding.

Market numbers

TSX: Up 1.47%, 30,604.35

TSXV: Flat (0.00%), 880.47

DOW: Up 0.66%, 46,831

NASDAQ: Down 0.42%, 24,857.75

FTSE 100: Up 0.18%, 9,572.0

In the headlines

  • Alphabet surges to a record — Shares of Alphabet (NDAQ:GOOG) hit a new all-time high, extending this week’s tech rally and pushing Larry Page ahead of several billionaires to become the second-richest person globally. Market enthusiasm follows a powerful rebound in AI names across U.S. indices.
  • Best Buy beats expectationsBest Buy (NYSE:BBY) rose pre-market after delivering stronger-than-expected Q3 earnings and raising its full-year outlook, with computing, gaming, and mobile categories driving performance ahead of the holiday season.

Currencies

USD: Flat (0.00%), $0.7085

GBP: Down (0.52%), $0.5378

EUR: Down (0.34%), $0.6130

JPY: Down (0.42%), ¥110.753

AUD: Down (0.14%), $0.9102

Bitcoin (BTC/CAD): Down (1.40%), 112,938

(Conversion to C$1)

Commodities

Copper: Up (1.03%), 5,134.07

Gold: Down (0.13%), 5.37

WTI: Down (2.12%), 57.75

Natural Gas: Down (4.63%), 4.432

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