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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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AtkinsRéalis to Divest Stake in Highway 407 ETR Toll Road

 

AtkinsRéalis Group Inc., formerly known as SNC-Lavalin, has announced its intention to sell its 6.76% stake in 407 International Inc., the company that owns the Highway 407 ETR toll highway north of Toronto. This strategic move is part of AtkinsRéalis’ focus on its engineering services and nuclear businesses. The other major stakeholders in the toll highway are the Canada Pension Plan Investment Board (with a 50.01% stake) and Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A., holding 43.23%).

AtkinsRéalis aims to pursue margin expansion and growth, including investments in rapidly growing markets. These initiatives involve engineering services across the U.S., leveraging their nuclear expertise, and exploring accretive mergers and acquisitions.


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