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Markets Mixed as TSX Dips and Nvidia Earnings Loom

Wednesday, May 20, 2026  |  moneysavings.ca / Canadian Money Brief 📊 At a Glance — Previous Close & Early Indicators (May 19) S&P/TSX Composite 33,741 ▼ 92 pts  (−0.27%) CAD / USD $0.7269 ▼ 0.10% WTI Crude Oil $103.84 ▼ 0.30% Gold (spot) Retreating ▼ Pressured Bitcoin (CAD) $105,426 ▼ 0.12% NVDA (pre-market) $229.96 USD ▲ Earnings today Canadian markets closed Tuesday in modest negative territory, with the S&P/TSX Composite edging down 92 points to 33,741 — weighed down by a retreat in gold prices and climbing bond yields, even as softer inflation data gave investors a brief moment of optimism. Canada's core inflation figures came in below expectations, falling to their lowest level in five years. While that should ordinarily calm nerves about future Bank of Canada rate hikes, traders largely looked past the headline, with yields on Canada's 10-year government bond continuing to climb. The disconnect between better inflation data and rising yields reflects a ...
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The stock market experienced a downturn today as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite slipped. This decline follows a brief rally fueled by the Federal Reserve's decision to hold interest rates steady. While the Fed's move initially reassured investors, concerns about inflation and slower economic growth have resurfaced, dampening market sentiment.

Futures linked to the Dow fell by 0.6%, while the S&P 500 and Nasdaq futures dropped by 0.7% and 0.9%, respectively. The Federal Reserve's updated projections, which indicate higher inflation and reduced economic growth, have raised doubts about the path to potential rate cuts later this year. These broader economic concerns have weighed heavily on investor confidence.


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