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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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Global Markets Rebound as Trump Eases Trade Tensions

In a dramatic turn of events, European and Asian stock markets surged following U.S. President Donald Trump's decision to pause steep tariffs on most countries. This move, announced after a period of heightened trade tensions, brought relief to global investors and sparked a rally across major indices.

European markets saw significant gains, with Frankfurt's DAX jumping over 7%, Paris climbing 7.3%, and London's FTSE 100 rising by 5.3%. Asian markets mirrored this optimism, with indices like Japan's Nikkei 225 and South Korea's Kospi posting substantial increases. The pause in tariffs, however, excluded China, which faced an escalation in duties to 125%, intensifying the trade war between the two economic giants.

While the temporary suspension of tariffs has provided a much-needed boost to global markets, analysts caution that uncertainty remains. The baseline 10% tariff on imports persists, and the unpredictability of future trade policies continues to loom over the global economy.

This development underscores the delicate balance between economic diplomacy and market stability, as nations navigate the complexities of international trade in an era of shifting policies.

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