Markets retreat as Moderna surges on cancer vaccine results and Micron unveils a $10B AI memory lab. Oil rises, Bitcoin jumps and Nasdaq falls.
Markets retreat as Moderna surges on cancer vaccine results and Micron unveils a $10B AI memory lab. Oil rises, Bitcoin jumps and Nasdaq falls.

Markets are mixed as investors balance fresh strength in global equities against renewed caution in North America. The TSX is slipping, weighed down by weakness in commodities, while U.S. markets are uneven after the Dow gave back ground and the Nasdaq held modest gains. Overseas, European stocks are higher and Asian markets are surging, led by record‑breaking moves in South Korea.

Oil prices are retreating again as optimism builds around potential progress in Middle East shipping routes, easing inflation pressure. Gold is sliding as traders rotate into risk assets, copper is lower on profit‑taking, and natural gas is climbing sharply. Bitcoin is modestly lower in Canadian‑dollar terms after failing to hold recent highs.

Market numbers

TSX: Down (‑0.44%), 34,675.98

TSXV: Up (+0.39%), 998.65

DOW: Down (‑0.69%), 50,718.2

NASDAQ: Up (+0.16%), 29,863.6

FTSE 100: Up (+0.89%), 10,530.32

In the headlines

  • Micron leads chip stocks higher on massive AI upside: Micron (TSX:MU) — the U.S. memory‑chip maker — is leading semiconductor stocks higher after UBS said the company could ultimately become a $1.8‑trillion AI giant. Explosive demand for high‑bandwidth memory is also lifting peers like SanDisk and driving strong inflows into a new ETF tracking memory‑chip leaders.
  • South Korea’s Kospi rockets to fresh record: South Korea’s Kospi surged to a new all‑time high as optimism swept across Asian markets. Investors are piling into technology and export‑focused names amid easing supply‑chain concerns and sustained global demand for chips and electronics.

Currencies

USD: Down (‑0.01%), $0.7238

GBP: Up (+0.26%), $0.5374

EUR: Up (+0.09%), $0.62287

JPY: Up (+0.18%), ¥115.354

AUD: Down (‑0.04%), $1.0092

Bitcoin (BTC/CAD): Down (‑0.16%), 106,513.3

(Conversion to C$1)

Commodities

Copper: Down (‑1.00%), 6.43122

Gold: Down (‑1.09%), 4,520.61

WTI: Down (‑3.21%), 90.33

Natural Gas: Up (+1.08%), 3.094

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