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4:23 p.m. ET: Canadian, U.S. stock markets regain ground amid tech stock bounce back
Strength in technology stocks led Canada’s main stock index higher on Tuesday, while U.S. stock markets also rose to regain some of the ground lost Monday after a Chinese AI startup called DeepSeek unveiled a large language model that apparently rivals those created in the U.S.
The S&P/TSX composite index closed up 130.30 points at 25,419.45.
In New York, the Dow Jones industrial average was up 136.77 points at 44,850.35. The S&P 500 index was up 55.42 points at 6,067.70, while the Nasdaq composite was up 391.75 points at 19,733.59.
The Canadian Press
4:02 p.m. ET: Big tech climbed before earnings season
The world’s largest technology companies climbed after a selloff that shook global markets, with traders gearing up for the start of the megacap earnings season and the Federal Reserve decision on rates.
Equities rebounded, with the S&P 500 up about 1% and the Nasdaq 100 rising 1.6%. Following a plunge that erased almost $600 billion in value, Nvidia Corp. rallied 8.8%. Microsoft Corp. is in talks to acquire the US arm of ByteDance Ltd.’s TikTok, according to President Donald Trump. The software giant rose 2.9%. While tech bounced back, most shares in the US equity benchmark actually fell — a reversion of the move in the previous session.
Still, a relative sense of calm prevailed after a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
3:28 p.m. ET: Nvidia, U.S. tech stocks win back part of Monday’s losses
Rebounding tech stocks are driving U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.
The S&P 500 was 1% higher in late trading and clawing back nearly two-thirds of its earlier drop. The Dow Jones Industrial Average was up 152 points, or 0.3%, with a little less than an hour remaining in trading, and the Nasdaq composite was 2% higher after sliding 3.1 % the day before.
The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. It rose 7.2% after plunging nearly 17% from the day before, its worst drop since the 2020 COVID crash.
The Associated Press
3:06 p.m. ET: Equities rebound with gains in big tech ahead of earnings season
The world’s largest technology companies climbed after a selloff that shook global markets, with traders gearing up for the start of the megacap earnings season and the Federal Reserve decision on rates.
Equities rebounded, with the S&P 500 up 1% and the Nasdaq 100 rising 1.8%. Nvidia Corp. rallied 7.8%, following its largest value loss in history. Microsoft Corp. is in talks to acquire the US arm of ByteDance Ltd.’s TikTok, President Donald Trump said Monday night. The shares were up 2% Tuesday. As tech bounced back, most shares in the US equity benchmark actually fell — in a reversion of the move in the previous session.
The relative sense of calm on Wall Street comes after a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
2:42 p.m. ET: Nvidia, U.S. tech stocks steady after sell-off
Nvidia and other U.S. tech stocks are holding steadier Tuesday, a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.
The S&P 500 was 0.9% higher in afternoon trading. The Dow Jones Industrial Average was up 123 points, or 0.3%, as of 2:35 p.m. Eastern time, and the Nasdaq composite was 1.9% higher after sliding 3.1 % the day before.
The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. It rose 7.3% Tuesday after bouncing between gains and losses at the start of trading. The moves were much milder than its plunge of nearly 17% from the day before, its worst drop since the 2020 COVID crash.
The Associated Press
2:03 p.m. ET: U.S. stocks boosted by big tech ahead of earnings
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the Federal Reserve rate decision.
Equities rebounded, with the S&P 500 up almost 1% and the Nasdaq 100 rising 1.4%. Nvidia Corp. rallied 6.9%, following its largest value loss in history. Microsoft Corp. is in talks to acquire the US arm of ByteDance Ltd.’s TikTok, President Donald Trump said Monday night. The shares were up 2.6% Tuesday. The bounce in the tech space also reduced the search for haven assets, with bonds seeing small losses.
The relative sense of calm on Wall Street comes after a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
2:00 p.m. ET: Canadian stocks move higher
Canada’s benchmark stock index was trading higher on Tuesday afternoon.
The S&P/TSX Composite Index rose by around 71.86 points, or 0.28 per cent, to 25,361.0.
The TSX information technology and financials subgroups were adding the most points to the index during afternoon trading.
Shopify Inc., Celestica Inc. and BlackBerry Lt. were among the largest upside contributors.
1:30 p.m. ET: Markets steady as U.S. dollar continues its rally
The S&P 500 was 0.8% higher in afternoon trading in New York. The Dow Jones Industrial Average was up 167 points, or 0.4%, as of 1:08 p.m. Eastern time, and the Nasdaq composite was 1.8% higher after sliding 3.1 % the day before.
The U.S. dollar is once again showing off how it’s become a popular way to trade tariff threats, rallying a second day after U.S. President Donald Trump said he favours imposing “much bigger” levies than had been suggested by one of his top officials.
The Bloomberg Dollar Spot Index rose as much as 0.5%, the biggest intraday advance in a week, as Trump vowed tariffs bigger than those reportedly under consideration by incoming Treasury Secretary Scott Bessent. The recent wobble in the stock market tied to Chinese AI startup DeepSeek’s cheaper model is also driving demand for the world’s reserve currency.
Bloomberg News
12:57 p.m. ET: U.S. tech giants gain ahead of earnings season
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the U.S. Federal Reserve rate decision.
Equities rebounded, with the S&P 500 up almost 1% and the Nasdaq 100 rising 1.4%. Nvidia Corp. rallied 6.3%, following its largest value loss in history. Microsoft Corp. is in talks to acquire the U.S. arm of ByteDance Ltd.’s TikTok, U.S. President Donald Trump said Monday night. The shares were up 2.3% Tuesday. The bounce in the tech space also reduced the search for haven assets, with bonds seeing small losses.
The relative sense of calm on Wall Street comes after a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
12:25 p.m. ET: Nvidia along with other U.S. tech stocks holding steady one day after tumble
Nvidia and other U.S. tech stocks are holding steadier Tuesday, a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.
The S&P 500 was 0.4% higher in midday trading. The Dow Jones Industrial Average was up 54 points, or 0.1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1.1% higher after sliding 3.1 % the day before.
The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. It rose 2.5% Tuesday after bouncing between gains and losses at the start of trading. The moves were much milder than its plunge of nearly 17% from the day before, its worst drop since the 2020 COVID crash.
The Associated Press
12:00 p.m. ET: U.S. tech giants trading higher after selloff
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the U.S. Federal Reserve rate decision.
Equities rebounded as dip buyers stepped in. Trading volume in the S&P 500 was 40% above the average of the past month. Nvidia Corp. rallied 2.2%, following its largest value loss in history. Microsoft Corp. is in talks to acquire the US arm of ByteDance Ltd.’s TikTok, President Donald Trump said Monday night. The shares were up 1.7% Tuesday. The bounce in the tech space also reduced the search for haven assets, with bonds seeing small losses.
The relative sense of calm on Wall Street comes after a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
11:50 a.m. ET: Canadian stocks up as U.S. tech stocks see rebound
Strength in technology stocks helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets also rose to regain some of the ground lost Monday after a Chinese AI startup called DeepSeek unveiled a large language model that apparently rivals those created in the U.S.
The S&P/TSX composite index was up 35.29 points at 25,324.44.
In New York, the Dow Jones industrial average was up 125.64 points at 44,839.22. The S&P 500 index was up 28.78 points at 6,041.06, while the Nasdaq composite was up 216.03 points at 19,557.86.
The Canadian Press
10:55 a.m. ET: Tech stocks climb with Fed decision in focus
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the U.S. Federal Reserve rate decision.
Equities rebounded, with the tech-heavy Nasdaq 100 up 1%. Nvidia Corp. climbed 2.7%, following its largest value loss in history. That bounce in the tech space also spilled over to the bond market, with Treasury yields slightly higher across the curve.
Wall Street had a rough start to the week on concern that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations of the technology that has powered the bull market tough to justify.
Bloomberg News
10:45 a.m. ET: U.S. consumer confidence dips
U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday.
The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. That is worse than the economist projections for a reading of 105.8.
December’s reading was revised up by 4.8 points but still represented a decline from November.
The report made relatively small waves in the bond market.
The Associated Press
10:15 a.m. ET: Traders look to earnings, Fed decision as stocks flounder
Stocks struggled to gain traction after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and U.S. Federal Reserve decision on rates.
Equities edged mildly lower, following a slide that drove Wall Street’s so-called fear gauge to its biggest surge since the Fed rattled trading in December with a more hawkish tone.
Nvidia Corp. wiped out gains registered at the open. Treasury yields barely budged and the U.S. dollar advanced.
Bloomberg News
10:05 a.m. ET: Yesterday’s mass selloff spurs dip-buying rush
A punishing selloff in technology stocks on Monday spelled opportunity for dip-buyers prowling in the US$11 trillion ETF arena.
As the Invesco QQQ Trust Series 1 (ticker QQQ) sank nearly 3% on Monday, spooked by Chinese startup DeepSeek’s AI progress, investors poured $4.3 billion into the tech-heavy fund — its biggest one-day haul since 2021.
The same impulse drove a record $1 billion into the GraniteShares 2x Long NVDA Daily ETF (NVDL), and almost $1.3 billion into the Direxion Daily Semiconductors Bull 3x Shares (SOXL), Bloomberg data show, despite double-digit plunges in both funds.
News that DeepSeek’s latest AI model was reportedly developed at a much cheaper cost than that of American firms such as OpenAI sent shockwaves through the tech and chip landscape.
However, the ETF flows illustrate that the buy-the-dip mentality is still alive and well, even as investors question whether US tech giants are massively overspending on the AI build-out.
Bloomberg News
9:55 a.m. ET: North American markets mixed in early trading
In early trading in Toronto, the S&P/TSX Composite Index was up 7.36 points to 25,294.13.
In New York, the Dow Jones Industrial Average was down 51.33 points to 44,651.49, the S&P 500 Index was down 17.21 points to 5,995.07, and the Nasdaq Composite Index was down 36.64 points to 19,305.66.
The Canadian dollar was trading at 69.52 cents US compared with 69.54 cents on Monday.
The Canadian Press
9:50 a.m. ET: Tech stocks halt slide ahead of earnings
The world’s largest tech companies rose after a selloff that shook markets around the globe, with stocks stabilizing as traders geared up for the start of the megacap earnings season and U.S. Federal Reserve verdict on rates.
Equities tried to regain traction, following a slide that drove Wall Street’s so-called fear gauge to its biggest surge since the Fed rattled trading in December with a more hawkish tone. Nvidia Corp. climbed 1.6%, rebounding from its largest value loss in history and pacing gains in battered chipmakers. That bounce in the tech space also spilled over to the bond market, with Treasury yields slightly higher across the U.S. curve.
The tech reporting period that kicks off Wednesday may prove sobering for equities bulls: While earnings from the so-called Magnificent Seven behemoths are still rising — and far outpacing the rest of the market — Wall Street anticipates a marked slowdown in growth relative to prior quarters. What it comes down to is that pressure is mounting on the cohort, which has driven a torrid rally in the Nasdaq 100 Index since the end of 2022.
Bloomberg News
9:30 a.m. ET: Markets stabilize at the open
Nvidia and other U.S. tech stocks are steadying a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The S&P 500 was 0.2% higher in early trading Tuesday.
The Dow Jones Industrial Average was little changed, and the Nasdaq composite rose 0.4%, a day after sliding 3.1%. The spotlight remains on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. Nvidia rose 2.3%, recovering some of its nearly 17% plunge the day before, its worst since the 2020 COVID crash.
The Associated Press
9 a.m. ET: Tech names rebound
Nvidia Corp. is up three per cent in premarket trading after falling 17 per cent yesterday, Bloomberg News reported this morning.
Monday’s selloff, which sent many of the largest U.S. technology companies plunging, came after Chinese-based DeepSeek launched its new open-source artificial intelligence (AI) model, reportedly at a fraction of the cost of competitors like ChatGPT.
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