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Market Open: Sandisk Slides Despite Profit Surge, RBI Beats as AI Momentum Wobbles | Aug 6th

Economy, Finance, Market News, Market Summary
06 August 2026 10:21 (EDT)
Akamai jumped 21% on an $11.6 billion Anthropic deal as oil eased on Iran truce hopes and tech stocks got a boost.

Akamai jumped 21% on an $11.6 billion Anthropic deal as oil eased on Iran truce hopes and tech stocks got a boost.

Markets are mixed today as investors digest another wave of earnings while trimming risk in AI momentum names. The TSX is slightly higher, up 0.06%, while the TSX Venture Index is down 0.16%. In the U.S., the Dow is off 0.18% and the Nasdaq is down 0.35% as AI-linked stocks remain under pressure following a volatile earnings season. London’s FTSE 100 is also lower, slipping 0.19%.

Commodities are mixed as well. Gold is moving higher, up 0.50%, supported by renewed defensive demand and war-end optimism, while oil is also firmer, up nearly 1%. Copper is lower as traders pare exposure to industrial metals, and natural gas is down more than 1%. Bitcoin is slightly weaker in Canadian-dollar terms as speculative assets remain choppy.

Market numbers

TSX: Up (+0.06%) 36,167.96

TSXV: Down (‑0.16%) 922.36

DOW: Down (‑0.18%) 54,322.3

NASDAQ: Down (‑0.35%) 29,397.2

FTSE 100: Down (‑0.19%) 10,861.08

In the headlines

Currencies

USD: Flat (0.00%) $0.7132

GBP: Down (‑0.11%) $0.5290

EUR: Up (+0.08%) $0.61823

JPY: Up (+0.06%) ¥112.668

AUD: Up (+0.18%) $1.0130

Bitcoin (BTC/CAD): Down (‑0.36%) 90,212.5

(Conversion to C$1)

Commodities

Copper: Down (‑0.37%) 6.78321

Gold: Up (+0.50%) 4,268.15

WTI: Up (+0.97%) 74.82

Natural Gas: Down (‑1.23%) 2.643

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