Japan Reuters Tankan Index

United States Fed Bowman Speech

The Dow Jones Index dropped 96 points or 0.18 percent on Tuesday to close at 52294 points. Losses were led by Nvidia (-5.44%), Nike (-3.08%) and Caterpillar (-2.39%). Offsetting the fall, top gainers were UnitedHealth (1.84%), Amazon (1.48%) and Travelers Companies (1.46%).

The Dow Jones Index Closes 0.18% Lower

The S&P/TSX Composite fell 0.8% to close at 36,170 on Tuesday, weighed down by losses in the mining sector. Miners posted sharp losses as gold prices tumbled on hotter-than-expected US inflation and hawkish remarks from Federal Reserve officials. Agnico Eagle fell 4.5%, Barrick tumbled 5.6%, WPM dropped 4.4%, and Franco-Nevada shed 2.5%. Equinox Gold tumbled 6.2% as adjusted Q3 EPS fell short of expectations, and Endeavour Silver lost 2.8% after narrowing its full-year gold production guidance. Meanwhile, oil prices extended losses as investors increasingly anticipated a diplomatic resolution to the US-Iran conflict. Lower energy prices provided some relief to credit-sensitive sectors: Great-West Lifeco rose 2.7% and Fairfax Financial added 2.5%. iA Financial rose 1.5% after beating EPS estimates and raising its quarterly common dividend. Still, most major banks edged lower. Elsewhere, Hydro One gained 0.6% despite missing EPS expectations.

TSX Falls on Mining Losses

US stock indices closed lower on Tuesday as higher-than-expected inflation weighed on stocks and bonds following hawkish signals from Fed officials. The S&P 500 lost 0.4%, the Dow shed 158 points, and the Nasdaq declined 0.6%. A surprisingly high CPI reinforced expectations of a quarter-point December hike, with money markets pricing some chance of an even larger move and further hikes next year. Meanwhile, Anthropic is expected to begin trading as early as next week, seeking to raise up to $90 billion at a diluted valuation of around $1.4 trillion. The offering comes amid strong demand for AI services, though growing concerns over excessive capital expenditure have raised questions about the sustainability of the sector’s investment boom. Chipmakers were mostly lower, with Nvidia falling 5.5%, extending the previous session’s losses, while Micron shed 1.1%. Hyperscalers also declined, with Microsoft losing 2.2% and Oracle retreating 1.5%.

US Stock Market Closes Lower Following CPI Report

US equities fell on Tuesday as higher-than-expected inflation weighed on stocks and bonds, amid hawkish signals from Fed officials and investor scrutiny of the upcoming Anthropic IPO. The S&P 500 lost 0.5%, the Dow shed 200 points and the Nasdaq declined 1%. Both headline and core US CPI rose more than expected in October, reinforcing expectations of a Fed rate hike next month and lifting bets on multiple rate increases next year. Meanwhile, Anthropic is expected to begin trading as early as next week, seeking to raise up to $90 billion at a diluted valuation of around $1.4 trillion. The offering comes amid strong demand for AI services, although growing concerns over excessive capital expenditure have raised questions about the sustainability of the sector's investment boom. Chipmakers were mostly lower, with Nvidia falling nearly 6%, extending the previous session's losses, while Micron shed almost 3%. Hyperscalers also declined, with Microsoft and Oracle retreating more than 2%.

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The Dow Jones Index Closes 0.18% Lower

TSX Falls on Mining Losses

US Stock Market Closes Lower Following CPI Report

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Japan Reuters Tankan Index

United States Fed Bowman Speech