Markets were mostly higher today as the recovery broadened beyond tech, with the TSX leading the way. The TSX jumped 1.55% and the TSX Venture Index gained 1.93%, while the Dow added 0.22% and the FTSE 100 rose 0.30%. The Nasdaq was essentially flat, down 0.02%, as tech consolidated after recent AI-driven volatility.
Oil rose 2.23% even as headlines pointed to oil shedding value earlier in the week, while copper gained 0.87% and gold slipped 0.33%. Bitcoin eased 0.45% to just above C$116,000, and natural gas fell 4.47%. At home, Canadian home sales fell in September as mortgage rates increased, according to CREA, while CMHC reported housing starts picked up from August.
Market numbers
TSX: Up (+1.55%) 36,137.10
TSXV: Up (+1.93%) 846.38
DOW: Up (+0.22%) 52,300.2
NASDAQ: Down (-0.02%) 29,859.7
FTSE 100: Up (+0.30%) 10,859.34
In the headlines
- Rocket Lab falls 7% to December lows as Neutron debut slips to 2027: Rocket Lab (NASDAQ:RKLB), the space launch and satellite manufacturing company, dropped 7% to its lowest level since December after announcing that the debut of its Neutron rocket has slipped to 2027. The delay pushes back a key catalyst for the company’s growth story.
- CoreWeave rebounds 6% as Nvidia’s Huang defends its finances: CoreWeave (NASDAQ:CRWV), the AI cloud computing provider, bounced 6% after Nvidia CEO Jensen Huang defended the company’s finances following a sharp selloff that was also fueled by criticism from Elon Musk. Many analysts say they don’t see the problem that investors and Musk have flagged.
Currencies
USD: Up (+0.11%) $0.7053
GBP: Down (-0.34%) $0.5289
EUR: Down (-0.08%) $0.62782
JPY: Up (+0.16%) ¥111.558
AUD: Down (-0.34%) $1.0144
Bitcoin (BTC/CAD): Down (-0.45%) 116,129.3
(Conversion to C$1)
Commodities
Copper: Up (+0.87%) 6.67407
Gold: Down (-0.33%) 4,156.99
WTI: Up (+2.23%) 96.10
Natural Gas: Down (-4.47%) 3.077
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