Markets were mixed today as strong earnings, led by SpaceX, lifted sentiment even as U.S. indexes struggled to hold gains. The TSX rose 0.50% on a wave of positive sentiment at home after Alberta voters rejected separation from Canada, while the TSX Venture Index slipped 0.08%. The Dow fell 0.16% and the Nasdaq dipped 0.21%, while the FTSE 100 edged up 0.19%.
Oil slipped 0.61% to 97.00 and natural gas dropped 3.49%, while gold gained 0.26% and copper fell 1.11%. Bitcoin rose 0.48% to just above C$117,000, and the Loonie was little changed against the greenback. Wall Street’s strong profit reports from companies including Equifax and Hasbro helped keep the mood upbeat.
Market numbers
TSX: Up (+0.50%) 36,107.96
TSXV: Down (-0.08%) 846.00
DOW: Down (-0.16%) 52,538.6
NASDAQ: Down (-0.21%) 29,666.5
FTSE 100: Up (+0.19%) 10,763.40
In the headlines
- SpaceX soars 10% as revenue explodes and Musk confirms merger talks: SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company founded by Elon Musk, jumped 10% after beating on earnings, with capital spending coming in lower than expected. Musk also confirmed merger talks, adding to the excitement around one of the market’s most closely watched listings.
- Netflix drops 6% as weak outlook eclipses profit jump: Netflix (NASDAQ:NFLX), the global streaming entertainment company, fell 6% after its fourth-quarter revenue forecast came in short of estimates, overshadowing a jump in third-quarter profit. Investors are questioning how much room is left for growth in the streaming giant’s outlook.
- Bank of America returns to the bond market after $8 billion sale: Bank of America (NYSE:BAC), one of the largest U.S. banks, is back in the debt market just a week after an $8 billion sale. The repeat issuance reflects strong investor demand for high-grade bank paper.
Currencies
USD: Up (+0.03%) $0.7108
GBP: Down (-0.02%) $0.5310
EUR: Up (+0.02%) $0.63313
JPY: Down (-0.14%) ¥112.358
AUD: Down (-0.19%) $1.0124
Bitcoin (BTC/CAD): Up (+0.48%) 117,092.4
(Conversion to C$1)
Commodities
Copper: Down (-1.11%) 6.60374
Gold: Up (+0.26%) 4,135.90
WTI: Down (-0.61%) 97.00
Natural Gas: Down (-3.49%) 3.184
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