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Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges

   Friday, October 9, 2026 Daily Markets Update: TSX Rises, U.S. Tech Stocks Slide as Oil Surges Canadian shares edged higher on Thursday, while technology stocks dragged down the Nasdaq and S&P 500. Oil prices jumped amid renewed Middle East supply concerns, keeping inflation and interest rates in focus. Data timing: Canadian and U.S. stock-market figures below are official closing levels for Thursday, October 8, 2026. International markets reflect their latest reported completed session. Friday’s North American trading was still underway when this update was prepared. Markets at a glance Index / Asset Latest close Daily move S&P/TSX Composite 35,145.38 +103.52 (+0.30%) Dow Jones Industrial Average 51,231.64 +51.77 (+0.10%) S&P 500 7,765.36 −36.41 (−0.47%) Nasdaq Composite 27,193.34 −345.35 (−1.25%) WTI crude oil (November contract) US$91.49/barrel +US$3.21 Gold (December futures) US$4,157.00/oz +US$16.30 Canadian dollar US$0.7022 Up from US$0.7014 Canadian Press...

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Biden vows to respond after Iranian-backed drone strike kills 3 US troops in Jordan

 


President Joe Biden has vowed to respond after three American troops were killed and dozens more were injured in an overnight drone strike in northeast Jordan near the Syrian border. 

The President blamed Iran-backed militias for the first U.S. fatalities after months of strikes by such groups against American forces across the Middle East amid the Israel-Hamas war. Biden, who was traveling in South Carolina, asked for a moment of silence during an appearance at a Baptist church’s banquet hall. “We had a tough day last night in the Middle East. We lost three brave souls in an attack on one of our bases," he said. After the moment of silence, Biden added, “and we shall respond.” With an increasing risk of military escalation in the region, 

U.S. officials were working to conclusively identify the precise group responsible for the attack, but they have assessed that one of several Iranian-backed groups was behind it. Biden said in a written statement that the United States “will hold all those responsible to account at a time and in a manner (of) our choosing.” Defense Secretary Lloyd Austin said "we will take all necessary actions to defend the United States, our troops, and our interests.”


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