Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
S&P 500 Drops 1.6% as Tech Selloff Raises Doubts on AI Rally
The S&P 500 slid 1.6% last week as a selloff in tech stocks raised questions about the sustainability of the AI-driven rally. Applied Materi
Financial Stocks Dip Despite Consumer Sentiment Jump and Travelers Earnings Beat
Financial stocks slipped 1% on Friday, with the NYSE Financial Index down, even as July consumer sentiment rose to 54.4. Travelers jumped 9.
Oil Rally and Cooler US Inflation Push Canadian Dollar to One-Month High
The Canadian dollar reached a one-month high and posted its best weekly gain since April. A jump in oil prices and a softer US inflation rea
AI Trade Cools: Chip Stocks Slide, Nasdaq Drops 1.19% as Selloff Spreads
Chip stocks led a broad market selloff, pushing the Nasdaq down 1.19%. The Philadelphia Semiconductor Index fell 1% and is down about 17% in
AI Chip Stocks Tumble as Leveraged Bets Unwind, Index Down 9% This Week
AI chip stocks hit a speed bump in July, with the Philadelphia SE Semiconductor Index down 9% this week. The pullback, driven by profit-taki
European Stocks Slip as Tech Selloff Deepens, Oil Prices Rise Ahead of ECB Meeting
European stocks slipped Friday as tech shares sold off again and rising oil prices kept investors cautious. The STOXX 600 fell 0.34% ahead o
Oil Surges 3.5% as US-Iran Tensions Escalate; Nasdaq Drops 1.9%
Oil prices surged 3.5% and the Nasdaq dropped 1.9% after US Central Command announced a sixth wave of attacks against Iran. Investors are we
Latin American Markets Slide as Iran Tensions Push Oil to One-Month High
Latin American markets slipped as US strikes on Iran and Tehran's threat to close the Strait of Hormuz sent oil to a one-month high. The bro
Eurozone Inflation Dips to 2.8% as Oil Price Jump Complicates ECB Rate Path
Eurozone inflation cooled to 2.8% in June, raising hopes for ECB rate cuts. But Brent crude jumped to $86.28 as US-Iran tensions escalated,
Dollar Holds Steady as Cooling Inflation Cuts July Rate Hike Odds to 10%
The US dollar steadied Friday after cool inflation data pulled July rate hike odds down to 10%. But rising Middle East tensions and the yen
TSX Slips to One-Week Low as AI Chip Stocks Retreat, Energy Shares Gain
Canada's main stock index slid to a one-week low Friday as a pullback in AI-linked chip stocks and Netflix's downbeat outlook weighed on sen
European ADRs Dip as Tech Losses Outweigh Energy Gains; Equinor, Eni Surge 3%+
European stocks listed in the US slipped Friday, with the S&P Europe Select ADR Index down 0.6%. Energy giants Equinor and Eni bucked the tr