Markets are under pressure today despite blockbuster AI headlines, as investors take profits after record highs and grapple with renewed volatility across equities and commodities. The TSX is lower, led by weakness in growth and resource names, while U.S. stocks are retreating after the Dow briefly reclaimed 50,000 and the S&P 500 flirted with 7,500. Europe is also firmly in the red as global risk appetite cools.
Commodities are adding to the volatility. Copper and gold are both sliding sharply, signaling caution around global growth and inflation expectations. Oil is rebounding modestly after recent weakness, while natural gas is higher. Bitcoin is under pressure in Canadian‑dollar terms, pulling back after a strong recent run tied to speculative AI‑driven risk appetite.
Market numbers
TSX: Down (‑1.13%), 33,879.53
TSXV: Down (‑1.91%), 995.66
DOW: Down (‑1.07%), 49,534.6
NASDAQ: Down (‑1.92%), 29,043.5
FTSE 100: Down (‑1.70%), 10,180.24
In the headlines
- Cerebras explodes on IPO debut: Cerebras (NDAQ:CBRS) — the AI chipmaker known for its massive wafer‑scale processors — soared on its first day of trading, with gains so extreme that trading was temporarily halted. The move highlights intense investor appetite for pure‑play AI infrastructure stories.
- Figma surges on earnings beat amid AI boom: Figma (NYSE:FIG) — the cloud‑based design and collaboration platform — jumped after posting stronger‑than‑expected revenue and earnings, with results underscoring how AI‑enhanced software tools continue to capture enterprise spending.
Currencies
USD: Down (‑0.37%), $0.7260
GBP: Up (+0.11%), $0.5441
EUR: Up (+0.05%), $0.62497
JPY: Down (‑0.15%), ¥115.276
AUD: Up (+0.70%), $1.0164
Bitcoin (BTC/CAD): Down (‑2.16%), 108,904.8
(Conversion to C$1)
Commodities
Copper: Down (‑4.51%), 6.29844
Gold: Down (‑2.98%), 4,514.05
WTI: Up (+1.94%), 94.50
Natural Gas: Up (+0.62%), 2.942
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