Markets were little changed today as investors held steady ahead of a Federal Reserve decision, with tech strength offsetting a soft tone at home. The TSX slipped 0.06% and the TSX Venture Index dipped 0.02%, while the Dow rose 0.09% and the Nasdaq eased 0.06% after a recent run of gains. The FTSE 100 climbed 0.27%.
Oil rose 2.10% to 101.74 while gold slipped 0.26% and copper eased 0.07%. Bitcoin fell 0.50% to just above C$113,000, and the U.S. dollar held near a two-week high as traders weighed whether the Fed will hike. At home, the Bank of Canada delivered its first rate hike in three years, lifting its key rate to 2.5%, while Fed officials remain divided on how much weight to give financial conditions.
Market numbers
TSX: Down (-0.06%) 36,150.31
TSXV: Down (-0.02%) 838.32
DOW: Up (+0.09%) 52,435.4
NASDAQ: Down (-0.06%) 29,673.0
FTSE 100: Up (+0.27%) 10,705.48
In the headlines
- SK Hynix jumps 10% on $75 billion payout plan and massive profit increase: SK Hynix (NDAQ:SKHY), the South Korean memory chipmaker, surged 10% after unveiling a $75 billion shareholder payout plan alongside a massive jump in profit. The results added to rising confidence in AI demand and helped lift tech stocks broadly.
- Eli Lilly’s international chief Jonsson to retire; Yuffa to lead global markets unit: Eli Lilly (NYSE:LLY), the global pharmaceutical company behind the weight-loss drugs Mounjaro and Zepbound, announced that its international business chief, Patrik Jonsson, will retire, with Ilya Yuffa taking over as head of its global markets unit. The leadership change comes as Lilly continues to expand its international footprint.
Currencies
USD: Up (+0.08%) $0.7120
GBP: Up (+0.15%) $0.5354
EUR: Down (-0.01%) $0.63961
JPY: Up (+0.18%) ¥112.620
AUD: Down (-0.05%) $1.0122
Bitcoin (BTC/CAD): Down (-0.50%) 113,013.0
(Conversion to C$1)
Commodities
Copper: Down (-0.07%) 6.72453
Gold: Down (-0.26%) 4,050.04
WTI: Up (+2.10%) 101.74
Natural Gas: Up (+0.72%) 3.086
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