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TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...
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Wall Street Futures Surge as Nvidia Fuels AI Rally Ahead of Jobs Report

 

US stock futures climbed sharply on Thursday after Nvidia’s blockbuster earnings reignited confidence in the artificial intelligence trade, easing concerns of an AI bubble. The Nasdaq 100 led gains with futures up nearly 1.8%, while S&P 500 futures rose about 1.3% and Dow Jones futures added 0.7%.

Nvidia shares surged more than 5% in premarket trading after the chipmaker reported stronger-than-expected third-quarter results and issued a bullish revenue outlook for the fourth quarter. CEO Jensen Huang highlighted unprecedented demand for the company’s Blackwell processors, describing sales as “off the charts.” The upbeat forecast reassured investors that the recent cooling in AI-linked stocks was not a sign of long-term weakness.

The rally extended momentum from Wednesday, when the Dow and S&P 500 snapped a four-day losing streak. Other semiconductor stocks, including AMD, Micron, and Broadcom, also advanced in premarket trading, riding Nvidia’s wave of optimism.

However, investors remain cautious as attention shifts to the delayed September jobs report, expected to show around 50,000 new jobs. The data will be closely watched for clues on the Federal Reserve’s next policy moves, especially after recent minutes revealed divisions among policymakers on future rate decisions.

Despite fading hopes for a December interest-rate cut, the market’s focus on AI-driven growth has provided a strong tailwind. With Nvidia’s results setting the tone, Wall Street is bracing for a potentially volatile day as economic data and corporate earnings collide.

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