The TSX opened sharply higher Friday, gaining momentum alongside global markets after the Nasdaq hit fresh records on steady inflation data. Tech stocks remained in focus with Figure’s blockbuster IPO and Adobe’s strong earnings report.
Market numbers
TSX: Up (0.78%), 29,407.89
TSXV: Up (0.95%), 875.77
DOW: Down (0.16%), 46,069.00
NASDAQ: Up (0.17%), 24,046.25
FTSE: Up (0.70%), 9,301.00
In the headlines
Figure IPO surges 25% – Figure (Figure Technology Solutions Inc: NDAQ:FIGR) shares soared on their first day of trading, closing with a valuation of US$6.6 billion. The fintech company focuses on leveraging blockchain technology for lending and financial services, a debut that stoked optimism for the broader fintech sector.
Adobe delivers a double beat – Adobe (Adobe Inc: NDAQ:ADBE) stock gained 4% after posting quarterly results that topped analyst forecasts on both revenue and earnings. The strong update reassured investors of continued demand across its creative and digital services portfolio.
Currencies
USD: Down (0.06%), $0.7219
GBP: Up (0.21%), $0.5331
EUR: Up (0.15%), $0.6165
JPY: Up (0.36%), ¥106.800
Bitcoin: Down (0.40%), 115,078.47
(Conversion to C$1)
Commodities
Natural Gas: Up (1.41%), 2.956
WTI: Up (1.78%), 63.667
Gold: Up (0.37%), 3,647.69
Copper: Down (0.46%), 4.6573
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