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Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges

   Friday, October 9, 2026 Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges Canadian shares edged higher on Thursday, while technology stocks dragged down the Nasdaq and S&P 500. Oil prices jumped amid renewed Middle East supply concerns, keeping inflation and interest rates in focus. Data timing: Canadian and U.S. stock-market figures below are official closing levels for Thursday, October 8, 2026. International markets reflect their latest reported completed session. Friday’s North American trading was still underway when this update was prepared. Markets at a glance Index / Asset Latest close Daily move S&P/TSX Composite 35,145.38 +103.52 (+0.30%) Dow Jones Industrial Average 51,231.64 +51.77 (+0.10%) S&P 500 7,765.36 −36.41 (−0.47%) Nasdaq Composite 27,193.34 −345.35 (−1.25%) WTI crude oil (November contract) US$91.49/barrel +US$3.21 Gold (December futures) US$4,157.00/oz +US$16.30 Canadian dollar US$0.7022 Up from US$0.7014 Canadian Press...
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Stock Market Climbs to New Heights Ahead of Powell’s Testimony

 

The stock market witnessed modest gains today, with both the S&P 500 and Nasdaq Composite achieving new record highs. Investors are keenly anticipating Federal Reserve Chair Jerome Powell’s upcoming congressional testimony, which could provide crucial insights into the future of interest rates.

  • Modest Gains: The S&P 500 rose by 0.1%, while the Nasdaq Composite saw a 0.3% increase, marking a continuation of their upward trajectory.
  • Economic Indicators: Recent jobs reports suggest a cooling labor market, leading to increased speculation about a potential rate cut by the Federal Reserve in September.
  • Corporate Updates: Notable movements in the corporate sector included Boeing’s guilty plea to a criminal conspiracy charge related to the 737 Max crashes, and Tesla’s shares turning positive, potentially extending its winning streak.
  • Cryptocurrency Watch: Bitcoin hovered near the $56,000 mark, maintaining its position despite recent sell-offs and the ongoing repayment process by the defunct crypto exchange Mt. Gox.

As the market landscape evolves, all eyes remain on Powell’s testimony and the forthcoming Consumer Price Index data, which could further influence investor sentiment and market dynamics.\

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