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Oil jumps above US$105 after Riyadh blasts, futures slip and yields near 24-year highs. TSX, Wall Street and global markets for Oct 8.

  Canadian Money Brief | Thursday, October 8, 2026 | Morning edition Oil is jumping, futures are sliding and bond yields are sitting near 24-year highs. Explosions in Riyadh, including a blast at the city's airport, sent crude sharply higher early Thursday and pushed U.S. stock futures lower. That follows a rough Wednesday for Toronto, where banks and miners dragged the TSX down. Here is where every major market stands before the open. Key takeaways Brent crude jumped about 5% to above US$105 a barrel; WTI rose about 5% to roughly US$92.75. S&P 500 futures are down about 0.6% and Dow futures about 1% after Wall Street's four-day winning streak ended Wednesday. The TSX fell about 1.7% Wednesday to near 35,040, led lower by the big banks and gold miners. The U.S. 10-year yield touched 5.36% on Wednesday, its highest since April 2002, and is hovering near 5.3% again. Markets are pricing in at least one Bank of Canada rate hike by year-end. Canada: TSX stumbles as banks and m...
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Market Gains Amid Nvidia Earnings Analysis

 

On Thursday, U.S. stock futures saw an uptick as investors digested Nvidia’s latest earnings report. The Dow Jones Industrial Average futures rose by 0.4%, while S&P 500 futures increased by 0.3%. The tech-heavy Nasdaq 100 futures also edged up by 0.1%.

Nvidia’s earnings report revealed a profit beat for the third quarter, but the company forecasted its slowest revenue growth in seven quarters due to supply chain issues. These constraints are expected to limit deliveries of Nvidia’s new flagship Blackwell chip, pushing potential revenue boosts into the future.

Despite the mixed reactions to Nvidia’s earnings, the broader market showed resilience. Investors are also keeping an eye on upcoming economic data, including weekly jobless claims, which will provide further insights into the labor market and the Federal Reserve’s interest rate decisions.

Elsewhere in the tech sector, Alphabet’s shares saw a slight decline following the Department of Justice’s request for Google to divest its Chrome browser. Meanwhile, Bitcoin continued its upward trajectory, reaching a new all-time high above $98,000.

As the market navigates these developments, investors remain focused on the potential impacts of economic policies and corporate earnings on future growth.




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