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Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
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Stock Futures Rise as Wall Street Nears the End of a High-Flying Q2

In recent weeks, the stock market has seen impressive gains, with the S&P 500 up around 4.5% and the Nasdaq surging approximately 8%. However, there are signs of fatigue, particularly for Nvidia (NVDA), which had been a standout performer.  

As we head into the last week of Q2, keep an eye on macroeconomic developments and the upcoming release of the Personal Consumption Expenditures (PCE) index, which could impact the Federal Reserve’s rate-cut decisions. Additionally, consider the valuation perspective—Nvidia’s stock trades at a premium compared to other tech giants like Microsoft and Apple.


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