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US tech stocks recovered on Tuesday afternoon after a selloff over AI spending spooked investors: the Nasdaq rose 0.83% and the S&P 500 gained 0.37%, while the Dow fell 0.38% as Apple shares dropped 1.9% after it forecast a weaker-than-expected margin due to higher memory chip costs. Nvidia gained 2.3% after four sessions of declines, and AMD, Broadcom and Micron also rose. The Nasdaq posted its largest monthly decline since March 2025 in October and closed Monday in correction territory, 10% below its October 6 record close. Brent crude fell to $103 a barrel from $117 at the end of October, while investors predicted Democrats would win at least a House majority in Tuesday's midterm elections, which could lead to more AI regulation. Year-to-date, the S&P 500 is up 10%, the Nasdaq 9% and the Dow 7%.
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Montage Gold (TSX: MAU) said drilling results from its 2026 exploration program at the Koné mine in Côte d'Ivoire increase confidence in expanding resources at higher-grade satellite deposits, while new deposits are also being discovered. The mine poured its first gold on September 26, 2026, and commercial production is well on track to be declared in Q4-2026. In October, the plant processed approximately 880,000 tonnes from the oxide circuit, operating at an average of over 90% of its 11Mtpa nameplate capacity, with 104% achieved in the last week of October. The average processed head grade was 0.82 g/t Au with recovery of approximately 95%, yielding approximately 23,460 ounces over the month. Since the 2024 Feasibility Study, the company has drilled over 375,000 meters and delineated 12 deposits, compared with 2 in that study, while the higher-grade Gbongogo Main deposit is expected to ramp up in late Q4-2026.
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