AI Stocks Tumble as Anthropic Nears IPO Filing
AI Stocks Tumble as Anthropic Nears IPO Filing

Markets are mixed this morning as investors balance softer U.S. index moves with continued strength in crypto and commodities. The TSX is slightly lower, while the TSX Venture Index is higher as small-cap risk appetite holds up. In the U.S., the Dow and Nasdaq are both modestly lower as traders size up Fed expectations, retail earnings, and the latest wave of technology headlines.

The broader macro backdrop remains active. Gold is climbing toward the $4,400 level as rate-hike bets fade, while oil is also firmer after recent geopolitical volatility. Bitcoin is up more than 1% in Canadian-dollar terms, showing renewed strength even as equity markets drift. Currency markets are also in focus, with the pound moving around ahead of a U.K. inflation test and the Canadian dollar firmer against the U.S. dollar.

Market numbers

TSX: Down (‑0.08%) 36,730.27

TSXV: Up (+0.39%) 970.17

DOW: Down (‑0.25%) 53,569.3

NASDAQ: Down (‑0.12%) 30,073.3

FTSE 100: Down (‑0.12%) 10,734.50

In the headlines

  • Uber and Zipline partner on drone delivery: Uber (TSX:UBER) — the ride-hailing, delivery, and mobility platform — is partnering with Zipline to bring drone delivery to Uber Eats in the U.S. The deal expands Uber’s logistics ambitions and could help speed up last-mile delivery in select markets.
  • Anthropic raises AI profile as Meta trial looms: Anthropic — the AI company behind Claude — is back in focus after reports of a major funding haul, while Meta’s (TSX:META) latest trial tied to social media safety is set to begin. The developments keep artificial intelligence and platform regulation at the centre of the tech conversation.

Currencies

USD: Up (+0.15%) $0.7214

GBP: Down (‑0.04%) $0.5319

EUR: Down (‑0.06%) $0.62260

JPY: Up (+0.16%) ¥115.016

AUD: Down (‑0.28%) $1.0142

Bitcoin (BTC/CAD): Up (+1.19%) 88,211.5

(Conversion to C$1)

Commodities

Copper: Down (‑0.13%) 6.67874

Gold: Up (+0.30%) 4,389.46

WTI: Up (+1.24%) 81.35

Natural Gas: Up (+1.20%) 2.697

To stay up-to-date on all of your market news head to Stockhouse.com.

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