Markets are mixed as investors digest ongoing weakness in technology and crypto‑linked equities. The TSX is slightly lower, with declines in large‑cap names weighing on the index, while the TSX Venture Index is also under pressure, reflecting softer sentiment in smaller growth stocks. In the U.S., the Dow is holding modest gains above the 53,000 level, while the Nasdaq is sharply lower as tech stocks face renewed selling pressure.
The broader macro picture remains volatile. Gold is stabilizing after recent declines, while oil prices are holding steady. Copper is little changed, reflecting uncertain industrial demand, while natural gas is trending higher. Bitcoin is notably weaker in Canadian‑dollar terms, reflecting continued pressure on crypto markets as liquidity shifts toward equities and risk appetite remains uneven.
Market numbers
TSX: Down (‑0.18%) 35,212.32
TSXV: Down (‑1.50%) 924.21
DOW: Up (+0.13%) 53,172.5
NASDAQ: Down (‑1.31%) 29,273.4
FTSE 100: Up (+0.64%) 10,730.97
In the headlines
- Strategy hit by Bitcoin losses: Strategy Inc (NDAQ:MSTR), the Bitcoin‑focused firm, is under pressure after reporting a massive $8.3‑billion quarterly loss tied to the recent crypto selloff. The results highlight the company’s exposure to volatility in digital assets.
- Samsung sheds $100B despite strong profits: Samsung (PINL:SSNHZ), the South Korean technology giant — lost more than $100 billion in market value even after posting record profits driven by AI demand, underscoring how high expectations have become in the semiconductor space.
- Rivian stock falls on share sale: Rivian (NDAQ:RIVN) — the electric‑vehicle manufacturer — is under pressure after announcing a 75‑million share sale and preannouncing second‑quarter revenue, raising concerns about dilution and capital needs.
Currencies
USD: Up (+0.01%) $0.7036
GBP: Flat (+0.00%) $0.5256
EUR: Down (‑0.07%) $0.61496
JPY: Down (‑0.16%) ¥113.938
AUD: Up (+0.11%) $1.0128
Bitcoin (BTC/CAD): Down (‑1.47%) 89,655.2
(Conversion to C$1)
Commodities
Copper: Down (‑0.05%) 6.25955
Gold: Up (+0.13%) 4,170.39
WTI: Up (+0.07%) 68.90
Natural Gas: Up (+0.56%) 3.248
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