Market Update
The Wall Street Wrap: October 7, 2026
US stocks slipped on Wednesday as the 10-year Treasury yield touched 5.365%, its highest since April 2002, and Fed minutes showed most officials expect another rate hike by year-end without a timeline. The S&P 500 fell 0.22% and the Dow dropped 0.66%, while the average 30-year mortgage rate jumped to 7.49%. Wolfspeed surged after hours on a conditional $1.5 billion loan commitment, and India's central bank raised rates for the first time in nearly four years.
The Wall Street Wrap: October 6, 2026
The S&P 500 and Nasdaq closed at records on Tuesday as Treasury yields eased and chipmakers rallied, with the S&P 500 up 0.58% and the Dow up 0.49%. Google's 3,590-megawatt power deal sent Constellation Energy up 12% and made utilities the best-performing sector, while Paramount Skydance completed its $110 billion takeover of Warner Bros. Discovery. Overseas, French bond stress pushed the euro toward 17-month lows and Iran stepped up attacks on tankers in the Strait of Hormuz.
Why Are PowerBank (NASDAQ:PBK), Ascend Wellness (CSE:AAWH.U) and Tiernan Gold (TSXV:TNGD) Down More Than 10%?
Five Canadian-listed small caps fell more than 10% on Monday even as the S&P/TSX Composite edged up 0.04% and gold rose. PowerBank (NASDAQ:PBK) slid 21% amid a Nasdaq bid-price warning, Ascend Wellness (CSE:AAWH.U) gave back 17%, and Apex Critical Metals (CSE:APXC) dropped despite strong drill results. No clear company news was found for Tiernan Gold (TSXV:TNGD) or CVW Sustainable Royalties (TSXV:CVW).
Why Did Sailfish Royalty (TSXV:FISH), Aldebaran (TSXV:ALDE) and Athabasca Oil (TSX:ATH) Lead Canada’s Biggest Stock Gainers?
Nine Canadian-listed stocks rose more than 12% on Monday even as the S&P/TSX Composite gained just 0.04%. Takeover news lifted Athabasca Oil (TSX:ATH) and Aurora Cannabis (TSX:ACB), and record drill results boosted Aldebaran (TSXV:ALDE). Sailfish Royalty (TSXV:FISH) led with a 39% jump, while several others appeared to be rebounding or riding momentum.
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Why Did the S&P/TSX Composite Barely Move as Shopify (TSX:SHOP) and Athabasca Oil (TSX:ATH) Surged?
The S&P/TSX Composite edged up 0.04% on Monday as technology, consumer discretionary and mining shares gained. Athabasca Oil (TSX:ATH) jumped 13.5% on Cenovus’s takeover offer and Shopify (TSX:SHOP) rose 5.7%, while Allied Properties REIT (TSX:AP.UN) fell 8.2% to an all-time low. Decliners outnumbered advancers.
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Why Did SpaceX (TSX:SPCX), Shopify (TSX:SHOP) and Three Other Canadian-Listed NASDAQ Stocks Rally as the Nasdaq Hit a Record High?
Five US-listed growth names rose on Monday as the Nasdaq hit a record. SpaceX (TSX:SPCX) and Shopify (TSX:SHOP) gained on analyst support, Western Digital (TSX:WDC) recovered from a Toshiba-driven selloff, AppLovin (TSX:APPS) bounced from 52-week lows, and Xanadu (TSX:XNDU) rebounded after a post-lockup slide.
The Wall Street Wrap: October 5, 2026
The Nasdaq closed at a record on Monday as a rally in heavyweight technology shares outweighed Treasury yields that touched their highest levels since 2002, with the S&P 500 up 0.66% and the Dow up 0.18%. Schneider Electric agreed to buy PTC for about $22.6 billion, SpaceX jumped nearly 8%, and Brazilian assets surged after Flavio Bolsonaro topped the first round of the presidential election.
The Wall Street Wrap: October 2, 2026
US stocks rallied on Friday as a surprisingly weak September jobs report, with just 29,000 jobs added, raised hopes that the Fed will hold rates in October, even as Treasury yields reversed higher after an initial drop. Tesla beat delivery expectations, the G7 agreed to release 100 million barrels of emergency oil reserves, and Paramount Skydance said its combined company with Warner Bros. Discovery will be called Skydance.
The Wall Street Wrap: October 1, 2026
US stocks edged higher on the first trading day of October as Treasury yields retreated from their highest levels since 2002, with the S&P 500 gaining 0.19% and the Dow 0.04%. Accenture surged nearly 16% on strong results, oil jumped on a US military buildup in the Middle East, and a global bond selloff took borrowing costs in the US, France, and Britain to multi-decade highs, while Nike sank after hours on a steep sales warning and a new restructuring.
Why Did These TSX and TSXV Listed Small-Cap Stocks Surge on October 1? Beyond Oil Ltd. (TSX:BOIL), Quantum eMotion Corp. (TSXV:QNC) and More?
October 1 brought a busy session for Canadian small-cap stocks, with sharp gains driven by commercial approvals, acquisitions, drilling results, financing activity and improving financial results. Beyond Oil Ltd. (TSX:BOIL) attracted the most attention after receiving global vendor approval from a major restaurant group, while Pulse Seismic Inc. (TSX:PSD) benefited from a sharp jump in preliminary quarterly revenue. Gold, helium, uranium and technology stocks also remained firmly in focus.
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