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Market Open: Meta Slips Ahead of Earnings as Chips Lead Nasdaq Lower | Oct 20th

Economy, Finance, Market News, Market Summary
20 October 2026 10:03 (EDT)
Meta Slips, SpaceX Pops Ahead of Earnings as Chips Fall

Meta Slips, SpaceX Pops Ahead of Earnings as Chips Fall

Markets were mixed today as investors positioned ahead of major tech earnings, with chip stocks leading the Nasdaq lower even as the Dow pushed higher. The TSX slipped 0.24% and the TSX Venture Index fell 0.59%, while the Nasdaq dropped 1.18% as the AI-trade rebound fizzled. The Dow gained 0.44% and the FTSE 100 was essentially flat, up 0.01%.

Oil rose 0.41% to 98.50 as traders weighed Middle East supply risks, with headlines pointing to prices topping a five-month high above $110 on Brent. Natural gas surged 8.74%, while gold eased 0.20% and copper was flat, down 0.04%. Bitcoin slipped 0.67% to just under C$115,000, and the Loonie firmed against the greenback as Asian markets slid on fresh jitters ahead of the earnings rush.

Market numbers

TSX: Down (-0.24%) 35,843.93

TSXV: Down (-0.59%) 841.70

DOW: Up (+0.44%) 52,233.6

NASDAQ: Down (-1.18%) 29,245.9

FTSE 100: Up (+0.01%) 10,710.59

In the headlines

Currencies

USD: Up (+0.52%) $0.7120

GBP: Down (-0.09%) $0.5317

EUR: Up (+0.33%) $0.63414

JPY: Up (+0.14%) ¥112.498

AUD: Up (+0.30%) $1.0181

Bitcoin (BTC/CAD): Down (-0.67%) 114,705.2

(Conversion to C$1)

Commodities

Copper: Down (-0.04%) 6.64121

Gold: Down (-0.20%) 4,132.10

WTI: Up (+0.41%) 98.50

Natural Gas: Up (+8.74%) 3.297

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