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Weekly Market Snapshot: Oil Tops $100, Tech Selloff Hits Nasdaq, TSX Holds Steady

     Weekly Market Snapshot  |  July 20–24, 2026 It was a week where every major market got pulled in a different direction at once. Oil spiked above $100 a barrel for the first time since May on renewed Middle East attacks, a global chip-stock selloff knocked billions off tech valuations, and Ottawa woke up to a new round of US tariffs. Through it all, the TSX barely moved — closing the week almost exactly where it started. Here's how it all shook out, market by market, and what it means for your wallet. 🇨🇦 Canada: TSX Index Friday Close Week Change S&P/TSX Composite 35,369.10 +0.08% (+29 pts) The TSX had a wild ride to end up almost dead flat. It hit a fresh record close of 35,485.11 on Tuesday , driven by gold miners and tech names, then gave it all back on Thursday with an 0.8% drop to 35,193 as Middle East tensions and AI-spending jitters spooked investors. Friday brought a 176-point (0.5%) rebound as oil prices cooled and lower bond yields lifted ...
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Market Turmoil: UnitedHealth's Plunge Sends Dow Spiraling Amid Weekly Losses

The stock market faced another turbulent session as UnitedHealth (UNH) shares plummeted over 22%, dragging the Dow Jones Industrial Average down by more than 500 points. The Nasdaq Composite and S&P 500 struggled to find footing, with both indexes sputtering after Wednesday’s tech-led sell-off.

UnitedHealth’s sharp decline followed a cut in its full-year profit forecast, making it the worst-performing Dow component of the day. The broader market also felt the weight of uncertainty surrounding trade policies and Federal Reserve decisions, as Fed Chair Jerome Powell warned of economic challenges ahead  due to tariffs.

Despite a slight rebound in the S&P 500, all three major indexes closed the week lower, with the Dow and Nasdaq falling over 2.5% and the S&P 500 down around 1.5%. Investors now turn their attention to upcoming earnings reports and economic indicators that could shape market sentiment in the coming weeks.


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