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Market Open: Rocket Lab Rebounds, CoreWeave Slides as Space and AI Split the Tape | May 8th

Economy, Finance, Market News, Market Summary
NDAQ:RKLB
08 May 2026 10:00 (EDT)
Markets mixed as space and AI stocks diverge. Rocket Lab rebounds on earnings, CoreWeave drops on weak guidance, copper surges, oil climbs and Bitcoin eases.

Markets mixed as space and AI stocks diverge. Rocket Lab rebounds on earnings, CoreWeave drops on weak guidance, copper surges, oil climbs and Bitcoin eases.

The TSX is lower this morning, while the TSX Venture Index is also slipping, as Canadian markets soften amid renewed trade and geopolitical uncertainty. U.S. markets are firmer, with gains in both the Dow and Nasdaq as investors continue to rotate into select growth and technology names despite volatility tied to tariffs and Middle East tensions. In London, the FTSE 100 is higher, reflecting relative resilience across U.K. equities.

Commodities are mixed. Oil prices are moving higher again as supply risks re‑enter the conversation, while gold is rebounding as investors balance risk‑on positioning with hedging demand. Copper is rallying strongly on infrastructure and electrification optimism, natural gas is edging higher, and Bitcoin is modestly lower in Canadian‑dollar terms after a strong recent run.

Market numbers

TSX: Down (‑0.37%), 33,856.62

TSXV: Down (‑0.16%), 994.28

DOW: Up (+0.61%), 49,833.9

NASDAQ: Up (+0.93%), 28,764.4

FTSE 100: Up (+0.68%), 10,265.96

In the headlines

Currencies

USD: Down (‑0.29%), $0.7295

GBP: Down (‑0.78%), $0.5355

EUR: Down (‑0.70%), $0.61989

JPY: Down (‑0.52%), ¥114.257

AUD: Down (‑0.79%), $1.0075

Bitcoin (BTC/CAD): Down (‑0.24%), 109,136.9

(Conversion to C$1)

Commodities

Copper: Up (+2.66%), 6.29676

Gold: Up (+0.85%), 4,727.06

WTI: Up (+1.26%), 96.26

Natural Gas: Up (+1.36%), 2.827

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