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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...

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Tragic Midair Collision Near DC: Passenger Jet and Army Helicopter Crash

A devastating midair collision occurred near Ronald Reagan National Airport on Wednesday evening, resulting in a tragic crash into the Potomac River. The incident involved an American Airlines passenger jet, Flight 5342, carrying 60 passengers and four crew members, and a U.S. Army Black Hawk helicopter on a training exercise.

The crash took place around 9 p.m. ET, just over 3 miles south of the White House and the U.S. Capitol. According to the Federal Aviation Administration (FAA), the collision happened moments before the jet was scheduled to land. Air traffic controllers had cleared the jet to land on a shorter runway, and the pilots agreed to the new approach. However, less than 30 seconds before the crash, an air traffic controller asked the helicopter if it had the arriving plane in sight. There was no response, and seconds later, the two aircraft collided.

Emergency response teams launched a massive search-and-rescue operation, deploying inflatable boats and helicopters to search for survivors. Unfortunately, multiple fatalities were reported, though an official death toll has not yet been released. Among the passengers on the jet were Russian figure skaters Evgenia Shishkova and Vadim Naumov, who were returning from the 2025 U.S. Figure Skating Championships in Wichita, Kansas.

The investigation into the crash is ongoing, with authorities focusing on the final moments before the collision and the communication between the aircraft and air traffic controllers. The FAA and the Army have launched a joint investigation to determine the cause of the accident and to prevent similar incidents in the future.

The crash has raised concerns about the congested airspace over Washington, D.C., and the need for improved coordination between civilian and military aircraft. Transportation Secretary Sean Duffy announced that the FAA would review flight paths to ensure adequate separation between different types of aircraft.

As the investigation continues, the nation mourns the loss of lives and hopes for answers that will prevent such tragedies in the future.




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