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Tech Selloff Rattles Wall Street as Iran Peace Talks Ease Oil — June 23, 2026

A sharp selloff in technology stocks weighed on North American markets Tuesday as investors continued to digest the fallout from Alphabet's steep decline and reassess valuations across Big Tech. Canada's TSX hovered near the 35,000 level, oil drifted lower on progress in U.S.-Iran peace negotiations, and gold pulled back from recent highs as hawkish Federal Reserve signals kept pressure on precious metals. 🇨🇦 Canada — TSX & Economy Index / Asset Level Change S&P/TSX Composite ~34,857 ▼ −0.32% CAD/USD ~$0.705 USD ▼ −0.19% WTI Crude Oil ~$73.67 USD/bbl ▼ −0.26% Canada CPI (May 2026) 3.2% YoY ▲ Above 3% target The S&P/TSX Composite Index dipped slightly Tuesday, retreating from the 35,000 level it briefly crossed on Monday after Canada's banking regulator freed up capital requirements for major lenders. The pullback came as tech-driven weakness from Wall Street spread northward. Financials had been a bright spot on Monday — RBC and BMO each added more than 1% aft...
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Markets Defy Drama: Stocks Rally Despite Trump-Zelensky Tensions

                                               

In a surprising turn of events, the stock market closed on a high note despite a tumultuous day in Washington. The Oval Office meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky erupted into a heated exchange, leaving investors on edge. The confrontation, which was widely covered by the media, added uncertainty to an already volatile market environment.

Despite the geopolitical drama, major indices managed to stage a late-session rally. The S&P 500 climbed 1.6%, the Dow Jones Industrial Average rose 1.4%, and the Nasdaq Composite gained 1.6%. Analysts attributed the rebound to encouraging economic data, including a slowdown in inflation as indicated by the Personal Consumption Expenditures Price Index.

While the public spat between the two leaders initially sent shockwaves through the market, investors seemed to regain confidence as the session progressed. The resilience of the market underscores its ability to weather political turbulence, even as questions linger about the broader implications of the Oval Office showdown. 

The day’s events serve as a reminder of the complex interplay between politics and market sentiment, highlighting the importance of staying informed and adaptable in an unpredictable economic landscape.

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