Markets fell broadly today as an AI-led selloff dragged on tech and rising oil prices added to the pressure. The TSX dropped 0.66% and the TSX Venture Index fell 2.17%, while the Dow slipped 0.22% and the Nasdaq lost 1.15% as Meta and chip stocks declined. The FTSE 100 bucked the trend, gaining 0.19%.
Oil climbed 1.71% to 98.86 on fresh jitters, while gold tumbled 2.11% and copper fell 2.19%. Bitcoin dropped 2.90% to just above C$114,000, and natural gas eased 0.60%. At home, Prime Minister Carney and Ontario Premier Ford unveiled a $9 billion plan to support industries hit by the tariff war.
Market numbers
TSX: Down (-0.66%) 36,086.59
TSXV: Down (-2.17%) 830.11
DOW: Down (-0.22%) 52,774.6
NASDAQ: Down (-1.15%) 29,323.2
FTSE 100: Up (+0.19%) 10,746.76
In the headlines
- Tesla falls 3% as spending cuts and shrinking profits cloud earnings beat: Tesla (NASDAQ:TSLA), the electric vehicle and clean energy company, slipped after beating third-quarter earnings expectations and reporting better-than-expected capital spending. Investors focused on spending cuts and shrinking profits behind the headline beat.
- Meta rises 4% on big revenue beat, new share class to help fund AI: Meta Platforms (NASDAQ:META), the social media and AI company behind Facebook and Instagram, gained after posting a big revenue beat. The company also announced a new share class designed to help fund its AI spending.
- Anthropic to publicly file for IPO as early as Friday: Anthropic, the artificial intelligence company behind the Claude model family, is expected to publicly file for its IPO as early as Friday, according to sources. The filing would mark a major milestone for one of the most highly valued private AI companies.
Currencies
USD: Up (+0.14%) $0.7125
GBP: Up (+0.32%) $0.5328
EUR: Up (+0.52%) $0.63702
JPY: Down (-0.41%) ¥112.114
AUD: Up (+0.40%) $1.0166
Bitcoin (BTC/CAD): Down (-2.90%) 114,545.4
(Conversion to C$1)
Commodities
Copper: Down (-2.19%) 6.49447
Gold: Down (-2.11%) 4,053.75
WTI: Up (+1.71%) 98.86
Natural Gas: Down (-0.60%) 3.165
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