TSX index futures for the S&P/TSX 60 fell 0.3% (6 points) in early trading Friday, after the S&P/TSX composite closed down 1% at 35,973.45 on Thursday. Celestica slumped 12%, and falling gold prices pulled metal mining shares to their lowest close since August 4. In the U.S., the Nasdaq Composite fell 2.6% on Thursday over concerns about funding for AI infrastructure, while Meta announced plans to issue non-voting shares to help raise capital. The 10-year Treasury yield dropped nearly 20 basis points to about 4.95%, while Brent crude touched $114 a barrel for the first time since May. Gold was on track for its sharpest weekly decline in more than four months, and the Federal Reserve is tipped to skip a rate hike at its meeting next week.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Nasdaq Drops 2 . 6 % as Gold Falls and Fed Hike Looms | Global Economy , Oct 23
The Nasdaq Composite fell 2.60% to 26,009 and the S&P 500 lost 1.21% to 7,663, with technology shares leading the decline, while the Dow edged up 0.02% to 52,868. Gold dropped 2.47% to US$4,024 an ounce as the 10-year Treasury yield fell 17 basis points to 4.957%, and the VIX jumped 14.09% to 19.03. Markets expect the Fed to hold at 3.75%–4.00% at its October 27–28 meeting, though Goldman Sachs and J.P. Morgan forecast a quarter-point rise in December, and Polymarket traders put a 93.5% chance on no change. French 10-year borrowing costs closed above 5% on October 21 and 22 (5.08% on Thursday), the highest close since July 2002, while Moody's was scheduled to review France's Aa3 rating today.
- Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns - Kitco PM Report
Spot gold rose in late U.S. trading Wednesday and spot silver recovered from earlier losses, helped by a softer dollar and easing crude prices despite inflation worries and expectations of more Fed tightening. Gold traded near $4,141.01 an ounce (up 0.66%) and silver near $57.976 (up 0.34%). U.S. data stayed weak: September housing starts fell 5.2% to 1.221 million units and pending home sales dropped 7.3%. December WTI settled at $97.15 a barrel, while tensions involving Iran and the Strait of Hormuz remain unresolved. U.S. stocks all closed higher, with the Nasdaq up 1.05% on tech gains.
- Stock Market Midday, Oct. 16: Tech Stocks Slide as Investors Rotate Into Defensive Sectors
As of 11:37 AM ET, the S&P 500 fell 0.34% to 7,718, the Nasdaq Composite dropped 1.09% to 26,419, and the Dow Jones Industrial Average rose 0.29% to 52,327 as investors rotated out of tech into defensive sectors. Gold rose 0.17% to $4,177.51, the 10-Year Treasury yield slipped to 5.08%, and energy stocks led sector gains while technology and communication services lagged. Tesla shares surged early after it revealed a redesigned Roadster using SpaceX technology but erased those gains by midday, Hut 8 tumbled 7% after on-chain data showed large Bitcoin transfers to exchanges, and Netflix fell 2% after a change in its content leadership. The Nasdaq is extending its weekly decline as chipmakers such as Intel and AMD face the rotation, while CoreWeave dropped almost 10% and is down 23% over the past five days on AI debt concerns. Investors are watching Fed Chair Kevin Warsh's Bangkok speech for hints on a possible rate hike, though he was tight-lipped on further tightening, and borrowing costs remain on many radars.
- Nasdaq Jumps Past 1 Percent as VIX Swings While Dow Dips Below Its 50 - Day Line
Big tech drove a sharp late-session rebound, with the Nasdaq Composite up 1.11% and the S&P 500 up 0.66%, while the Dow Jones Industrial Average slipped 0.07% and the Russell 2000 added 0.25%. The VIX fell 1.55 points to 18.44, even as the Nasdaq-100 volatility gauge jumped 4.24 points. The S&P 500 closed at 7,709.63, the Nasdaq Composite at 26,430.89 below its 26,614.23 resistance cluster, and the Dow at 51,966.03 just under its 50-day EMA. WTI crude closed at $98.41 a barrel and gold at $4,157.80 an ounce, while the 10-year Treasury yield rose to 5.14%. The report also covers Lockheed Martin, F.N.B. Corporation, Haemonetics, Zions Bancorporation and Crown Holdings, including F.N.B.'s record $376.5 million in third-quarter net interest income.
- Nasdaq Jumps Past 1 Percent as VIX Swings While Dow Dips Below Its 50 - Day Line
A Stock Preachers market wrap reports the Nasdaq Composite rose 1.11% and the S&P 500 gained 0.66% as big tech drove a late rebound, while the Dow Jones Industrial Average slipped 0.07% to settle just under its 50-day EMA near 52,010. The VIX fell 1.55 points to 18.44 even as the Nasdaq-100 volatility gauge jumped 4.24 points. WTI crude closed at $98.41 per barrel, the 10-year Treasury yield rose to 5.14%, and gold slipped 0.56% to $4,157.80 per ounce. The report also covers company news: Lockheed Martin delivered a C-130J-30 to the U.S. Navy, F.N.B. Corporation reported third quarter 2026 net income of $152.9 million ($0.43 per diluted share), and Haemonetics received FDA approval for its PerQseal Elite closure system.
- US stock indexes off to mixed start as tech sector weighs on market
US stocks fell Friday as a broad tech sell-off pushed the S&P 500 down 1.1% to 7,659.44 and the Nasdaq down 2.1% to 26,140.03, capping the market's worst week since late June. Chipmakers led the decline, with Micron, AMD, Broadcom and Intel falling 4.5% to 6%, as investors worry about how long the AI spending boom will last and whether tech firms can keep borrowing. The 10-year Treasury yield eased to 5.09% from 5.10%, after topping 5.30% earlier this month, while CME data showed traders see a 74.3% chance of a Fed rate hike in December, up from 50.2% a month earlier. Brent crude rose 3.7% to $109.86 a barrel as the Iran war and concerns over the Strait of Hormuz kept supply under pressure.
Related markets
Latest news
- Russia sets conditions for normalizing relations with the US and the West
Russian Deputy Foreign Minister Alexander Grushko said on 22 October, at the 19th Verona Eurasian Economic Forum, that normalizing Russia's relations with the US and Europe depends entirely on lifting all sanctions. He said relations cannot develop while the sides are effectively walking through a minefield, with no way to know where sanctions will be applied. Grushko accused the EU of seeking to contain Russia across the Balkans, the South Caucasus, the Baltic region and the Arctic, and argued that the bloc has identified Russia as its main strategic threat and is preparing for war. The two-day forum, held on 22 and 23 October in Istanbul, draws participants from more than 30 countries.
- Higgsfield Extends Series B With New Investment From TCV and NVIDIA
TCV and NVIDIA have invested in an extension of Higgsfield's Series B round, announced on 23 October; the original Series B was led by DST Global in August, with Goldman Sachs Alternatives, Tribe Capital, AI Capital Partners, Smash Capital, GFT Ventures and Valor Capital also participating. Higgsfield, an AI video and image creation platform based in San Francisco, says it has more than 40 million users in 238 countries and territories, with the United States as its largest single market. It crossed $1 billion in annualized revenue in September, 18 months after launch, and its enterprise business has grown more than 100% month over month. The announcement coincided with NVIDIA CEO Jensen Huang's visit to Kazakhstan, where Higgsfield has ties through the Astana Hub.
- 10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
U.S. 10-year Treasury yields fell back below 5% this week as fears about artificial intelligence pushed investors toward safe-haven assets. On Friday the 10-year yield rose 4 basis points to 4.997%, while the 2-year yield climbed 5 basis points to 4.692%. Tech stocks sold off, yields on tech companies' outstanding debt rose and credit default swap spreads widened for many AI firms, amid concern over the massive debt they are taking on to build AI infrastructure. Oil stayed high: December-delivery WTI rose 1.16% to $100.61 a barrel and Brent rose 0.79% to $114.06 a barrel after fresh attacks by Iran-backed Houthi militants on Saudi oil installations. Investors are also awaiting the Federal Reserve's rate decision next week and flash S&P Global PMI readings.
- PayPal Is Down More Than 80% From Its Peak. Here's Why I Still Own It
PayPal shares have fallen more than 80% from their mid-2021 peak of about $310, and takeover-talk reports have faded. The author still holds the stock despite trading below his average cost, arguing it offers one of the best risk-reward profiles in value investing. In the most recent quarter, revenue grew 5% and total payment volume rose 10% year over year, while free cash flow reached $1.8 billion and buybacks have been aggressive. At about 10 times forward earnings, the author argues PayPal does not need rapid growth; if income grows about 4% a year and the share count shrinks about 8% annually, EPS could still rise at a double-digit pace. The author says he would reconsider if the branded checkout business keeps losing ground.
- Fewer people are flying as airfare soars. Here's why airlines aren't worried
The number of people screened at US airport checkpoints is on track for its first annual decline since 2020, but major carriers say prioritizing higher fares matters more than filling seats. American's load factor fell to 83.4% in the third quarter from 86% a year earlier, while September fares rose more than 22% year over year as airlines pass fuel costs on to customers. Southwest's average third-quarter fare was $231.69, up nearly $50, even though its passenger count fell 3.2% to about 33.5 million. Since April, about 9.3 million fewer people have been screened than in the same period of 2025, a drop of less than 2%, and American, United, Delta and Southwest have all cut their 2026 profit forecasts. Bank of America said some customers of Spirit Airlines, which went out of business in early May, have likely stopped flying.
- On the ground at Nvidia's AI showpiece: Jensen-mania, robot ducks and neocloud distress
At Nvidia's GTC in Berlin, Jensen Huang met world leaders and announced new products, while public neocloud stocks sold off, with CoreWeave down 10% and Nebius down 7% at the close amid concerns over heavy borrowing. Huang said demand for neoclouds remains extremely strong, though many people at the event were worried about companies with no credit rating. Huang announced a product that packs seven Vera Rubin AI racks into a shipping container designed to travel on normal roads, aiming to bring data centers online faster. Goldman Sachs estimates AI-related capital spending could total $7.6 trillion from 2026 through 2031, and Huang said a 1 gigawatt data center costs about $50 billion. Huang argued that capital demand far exceeds supply but that this will be solved, while one financing executive warned that capital could soon become the bottleneck.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.