US EditionTech stocks help lift S&P/TSX composite higher, U.S. stock markets mixed
ONTARIO, CANADA, AUG 11 – The S&P/TSX gained 2% led by tech and industrials as investors anticipate U.S. Federal Reserve rate cuts amid concerns about a slowing U.S. economy and tariffs.
- A financial technology company reported earnings on Thursday afternoon, beating estimates with $528 million revenue in its first public report while its stock rose 25%.
- The earnings came amid ongoing uncertainty about the impact of U.S. tariffs, which recently increased to 35% on some Canadian goods and hit over 60 countries at rates up to 50%.
- Additional market movements featured a 60% increase in Block’s stock over a three-month period, a roughly 2% decline in the iShares fund focused on tech software sectors, and an approximate 1% gain for the iShares MSCI Emerging Markets fund on Thursday.
- The S&P/TSX index dropped by 159.60 points, ending the day at 27,761.27, while the Dow Jones decreased by 224.48 points to finish at 43,968.64. Notably, Canadian consumer-focused firms experienced significant losses, with Canadian Tire shares falling more than 10%.
- These market moves reflect tariff-related uncertainty clouding investor expectations despite some strong earnings reports and mixed performances across sectors as job data release approaches on Friday.
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48 Articles
Winnipeg Free Press
Tech stocks help lift S&P/TSX composite higher, U.S. stock markets mixed
Breaking News, Sports, Manitoba, Canada
Flin Flon Reminder
S&P/TSX composite flat, U.S. markets rise in Friday trading
TORONTO — Canada's main stock index was flat Friday, trading a tick lower despite gains in base metals, while U.S. markets traded higher Friday. The S&P/TSX composite index was down 2.59 points at 27,758.68.
Rocky Mountain Outlook
S&P/TSX composite, U.S. markets rise in late-morning trading Friday
TORONTO — Canada's main stock index and U.S. markets were trading modestly higher by late-morning Friday. The S&P/TSX composite index was up 24.57 points at 27,785.84. In New York, the Dow Jones industrial average was up 69.35 points at 44,037.
Daily Record
The Washington PostHow major US stock indexes fared Thursday, 8/7/2025
U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide. The S&P 500 slipped 0.1% Thursday. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq…
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