Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX started the week on solid footing Monday, following momentum in global tech as Alphabet crossed the US$3 trillion valuation mark and Tesla shares rallied after Elon Musk announced a US$1 billion stock purchase.

Market numbers

TSX: Up (0.50%), 29,431.02

TSXV: Up (1.51%), 892.98

DOW: Down (0.07%), 45,852.00

NASDAQ: Up (0.24%), 24,355.50

FTSE: Down (0.18%), 9,277.50

In the headlines

Alphabet hits $3 trillion milestone – Alphabet (NDAQ:GOOG) became the fourth company in history to cross the US$3 trillion valuation mark, joining Apple, Microsoft, and Nvidia in the exclusive club. The record high reflects continued investor confidence in AI and cloud growth.

Tesla surges on Musk’s US$1B buyback – Tesla Inc (NDAQ:TSLA) shares jumped 3.6% after CEO Elon Musk announced a personal US$1 billion purchase of company stock, aimed at restoring momentum after months of underperformance. The move sent ripples across the EV sector.

Currencies

USD: Up (0.19%), $0.7267

GBP: Down (0.13%), $0.5324

EUR: Down (0.19%), $0.6154

JPY: Down (0.04%), ¥106.937

Bitcoin: Up (0.07%), 115,463.12

(Conversion to C$1)

Commodities

Copper: Down (0.39%), 4.7127

Gold: Up (0.19%), 3,685.90

WTI: Up about 1.2%, 64.21

Natural Gas: Up (0.88%), 3.054

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