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Daily Markets Update: Alphabet’s Record Plunge Hits Nasdaq, TSX Flat (Oct 30)

  Friday, October 30, 2026  |  Covers Thursday's closes plus Friday's early moves in Asia and Europe A single stock did the damage on Wall Street on Thursday. Alphabet sank 12.6% after weaker-than-expected growth, its worst day on record, and dragged the Nasdaq down 1.4% even though most stocks in the S&P 500 actually rose. Back home, the TSX finished almost exactly flat at 36,249.03, with bank gains offsetting a slide in gold miners. After the close, Amazon and Intel both fell on disappointing results, and Asian markets sold off hard on Friday. Market Snapshot TSX 36,249 -0.04% S&P 500 7,720 -0.30% Nasdaq 26,185 -1.38% C$ in US cents 71.51¢ +0.36% Canada: Banks Up, Miners Down, TSX Flat The S&P/TSX Composite slipped 16.06 points, or 0.04%, to 36,249.03. That leaves it about 2% below its August record high. Banks did the lifting as easing oil prices calmed worries that interest rates will stay higher for longer: RBC rose 0.6%, TD 0.7%, Scotiabank 0.9%, CI...
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Israel's New Gaza Strategy Sparks Global Concern

Israel has approved a plan to capture the entire Gaza Strip and maintain control over it for an unspecified period, according to Israeli officials. The decision, made in an early morning vote by Israeli cabinet ministers, marks a significant escalation in the ongoing conflict.

The plan aims to defeat Hamas and secure the release of hostages held in Gaza. However, it also involves the displacement of hundreds of thousands of Palestinians to southern Gaza, exacerbating an already dire humanitarian crisis. Since the collapse of a ceasefire in mid-March, Israel has intensified its military operations, capturing approximately 50% of Gaza and restricting humanitarian aid, including food, fuel, and water.

International opposition to the plan is expected to be fierce, with concerns over the long-term implications of Israel's extended presence in Gaza. The United Nations and humanitarian organizations have warned of severe shortages and worsening conditions for civilians. Meanwhile, Israel continues to engage with various countries regarding potential solutions, including controversial proposals for population relocation.

As the situation unfolds, global leaders and humanitarian groups are closely monitoring developments, urging diplomatic efforts to prevent further escalation and address the humanitarian crisis in Gaza.

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