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Markets Mixed as TSX Dips and Nvidia Earnings Loom

Wednesday, May 20, 2026  |  moneysavings.ca / Canadian Money Brief 📊 At a Glance — Previous Close & Early Indicators (May 19) S&P/TSX Composite 33,741 ▼ 92 pts  (−0.27%) CAD / USD $0.7269 ▼ 0.10% WTI Crude Oil $103.84 ▼ 0.30% Gold (spot) Retreating ▼ Pressured Bitcoin (CAD) $105,426 ▼ 0.12% NVDA (pre-market) $229.96 USD ▲ Earnings today Canadian markets closed Tuesday in modest negative territory, with the S&P/TSX Composite edging down 92 points to 33,741 — weighed down by a retreat in gold prices and climbing bond yields, even as softer inflation data gave investors a brief moment of optimism. Canada's core inflation figures came in below expectations, falling to their lowest level in five years. While that should ordinarily calm nerves about future Bank of Canada rate hikes, traders largely looked past the headline, with yields on Canada's 10-year government bond continuing to climb. The disconnect between better inflation data and rising yields reflects a ...
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Netflix and Tech Earnings Lift S&P 500 to New Record

 

The S&P 500 index reached a new all-time high on Wednesday, as strong earnings reports from technology companies boosted investor confidence. Netflix was the star performer, surging 10% after adding more subscribers than expected in the fourth quarter of 2023. The streaming giant also announced plans to buy back up to $5 billion of its shares this year.

Other tech firms also delivered impressive results, such as ASML, the world’s largest supplier of chip-making equipment, which saw its orders more than triple in the fourth quarter. Microsoft also hit a record high, becoming the first company to surpass $3 trillion in market value.

The tech-heavy Nasdaq 100 index rose 0.7%, outperforming the Dow Jones Industrial Average, which fell 0.3%. The Dow was dragged down by losses in Boeing, Chevron, and Goldman Sachs.

Meanwhile, the TSX Composite index edged lower by 0.1%, as gains in energy and materials stocks were offset by declines in financials and industrials. The Canadian dollar weakened against the US dollar, as the Bank of Canada kept its key interest rate unchanged at 0.25%.

Investors are now looking ahead to the European Central Bank’s policy meeting on Thursday, where it is expected to maintain its ultra-loose monetary stance and signal its readiness to support the euro zone economy amid rising Covid-19 cases and lockdowns.

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