Markets retreated broadly today as Wall Street pulled back from record highs and stocks fell worldwide. The TSX dropped 0.93% and the TSX Venture Index fell 1.53%, while the Dow slid 0.98% and the Nasdaq lost 1.03%. The FTSE 100 slipped 0.73% as the selling extended overseas, following a session in which the S&P 500 notched its first close above 7,800.
The 10-year Treasury yield climbed to its highest level since 2002, adding to the pressure on equities. Oil rose 1.47% while gold dropped 1.74% and copper eased 0.38%, and Bitcoin tumbled 2.77% to just above C$118,000. At home, Toronto-area home sales fell 9% in September as hopes of a fall housing recovery faded, while Canada’s trade surplus with the U.S. nearly doubled to $11.2 billion.
Market numbers
TSX: Down (-0.93%) 35,316.70
TSXV: Down (-1.53%) 876.52
DOW: Down (-0.98%) 51,055.4
NASDAQ: Down (-1.03%) 30,922.6
FTSE 100: Down (-0.73%) 10,455.33
In the headlines
- Westons to buy U.K. pharmacy chain Boots for US$8.9 billion: George Weston Limited (TSX:WN), the Canadian food processing and retail holding company, agreed to acquire Boots, the U.K.’s largest pharmacy and health and beauty retailer, in a deal valued at US$8.9 billion. The acquisition would give the Weston family’s holdings a major international healthcare retail footprint.
- SpaceX seeks $40 billion for Nvidia chips as it eyes trillion-dollar club: SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company founded by Elon Musk, is reportedly chasing $40 billion in financing to buy Nvidia (NASDAQ:NVDA) chips as it pushes deeper into computing. SpaceX is also eyeing a leap past Taiwan Semiconductor and Amazon to join the trillion-dollar market-cap club.
Currencies
USD: Down (-0.38%) $0.7008
GBP: Up (+0.23%) $0.5310
EUR: Up (+0.37%) $0.62735
JPY: Down (-0.27%) ¥110.986
AUD: Up (+0.13%) $1.0089
Bitcoin (BTC/CAD): Down (-2.77%) 118,319.1
(Conversion to C$1)
Commodities
Copper: Down (-0.38%) 6.67717
Gold: Down (-1.74%) 4,091.70
WTI: Up (+1.47%) 89.60
Natural Gas: Up (+0.70%) 3.160
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