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Tech Selloff Rattles Wall Street as Iran Peace Talks Ease Oil — June 23, 2026

A sharp selloff in technology stocks weighed on North American markets Tuesday as investors continued to digest the fallout from Alphabet's steep decline and reassess valuations across Big Tech. Canada's TSX hovered near the 35,000 level, oil drifted lower on progress in U.S.-Iran peace negotiations, and gold pulled back from recent highs as hawkish Federal Reserve signals kept pressure on precious metals. 🇨🇦 Canada — TSX & Economy Index / Asset Level Change S&P/TSX Composite ~34,857 ▼ −0.32% CAD/USD ~$0.705 USD ▼ −0.19% WTI Crude Oil ~$73.67 USD/bbl ▼ −0.26% Canada CPI (May 2026) 3.2% YoY ▲ Above 3% target The S&P/TSX Composite Index dipped slightly Tuesday, retreating from the 35,000 level it briefly crossed on Monday after Canada's banking regulator freed up capital requirements for major lenders. The pullback came as tech-driven weakness from Wall Street spread northward. Financials had been a bright spot on Monday — RBC and BMO each added more than 1% aft...
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S&P 500 Soars to Record High Two Days After Trump's Inauguration

In a remarkable turn of events, the S&P 500 index reached a record high just two days after President Donald Trump's inauguration. The market surged by 0.81%, briefly trading above 6,100, driven by renewed optimism around Trump's trade policies. Investors seemed unfazed by Trump's tariff threats, focusing instead on the potential benefits of his administration's economic plans.

The Dow Jones Industrial Average also saw gains, rising by 127 points, while the Nasdaq index climbed 1.5%. Analysts attribute the market's performance to strong earnings reports and Trump's more moderate tone on trade compared to his campaign promises.

As the new administration settles in, market watchers are keenly observing how Trump's policies will shape the economic landscape in the coming months.




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