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Tech Titans Spark Market Surge Amid Trade Optimism

  Wall Street Rallies on Big Tech Earnings and Trade Breakthroughs The stock market soared Thursday morning as strong earnings from Big Tech giants and promising trade developments lifted investor sentiment. Futures for the Nasdaq 100 jumped 1.3%, while the S&P 500 rose nearly 1%, both eyeing fresh record highs. The Dow Jones Industrial Average futures lagged slightly, gaining 0.3%. Big Tech Leads the Charge Meta Platforms surged 12% in premarket trading after beating earnings expectations and offering robust guidance, despite ramping up AI investments. Microsoft climbed over 8%, inching closer to a $4 trillion market valuation following stellar quarterly results. Investors now await earnings from Apple and Amazon to see if the rally can sustain momentum. Trade Deals Ease Global Tensions A new pact with South Korea includes a 15% tariff on imports and zero duties on U.S. exports, alongside a $350 billion investment commitment from Seoul. President Trump and Europea...
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TSX Slumps as Central Banks Hold Steady

 

Canada’s Main Index Suffers Sharpest Drop Since May

The Toronto Stock Exchange’s S&P/TSX composite index fell 169.92 points, or 0.6%, to close at 27,369.96 on Wednesday, marking its steepest single-day decline in ten weeks. The drop followed a record high the previous day, underscoring investor unease as both the U.S. Federal Reserve and the Bank of Canada opted to keep interest rates unchanged.

The materials sector led the retreat, sliding 2.1% amid tumbling copper and gold prices. Financials and technology also posted losses, down 0.6% and 0.5% respectively, as eight of the index’s ten major sectors ended in the red.

Market sentiment soured after the Fed’s decision to hold rates steady offered no clear timeline for future cuts, disappointing investors hoping for dovish signals. Meanwhile, the Bank of Canada maintained its benchmark rate at 2.75% for the third consecutive meeting, citing reduced risks of a global trade war.

Among individual stocks, Capital Power Corp saw a sharp 6.9% decline after reporting a quarterly loss.

The TSX’s retreat reflects broader concerns over economic momentum and central bank caution, leaving investors to navigate a landscape of uncertainty and subdued optimism.

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