S&P/TSX composite down in late-morning trading, U.S. stock markets also lower
The S&P/TSX composite index was down 78.55 points at 27,308.38.
In New York, the Dow Jones industrial average was down 149.30 points at 44,335.19. The S&P 500 index was down 3.89 points at 6,293.47, while the Nasdaq composite was down 15.60 points at 20,870.05.
The Canadian dollar traded for 72.89 cents US compared with 72.71 cents US on Thursday.
The September crude oil contract was up 78 cents US at US$67.01 per barrel.
The August gold contract was up US$14.80 at US$3,360.10 an ounce.
This report by The Canadian Press was first published July 18, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tesla (TSLA): Barclays Reiterates $275 Price Target, Calls Earnings Setup ‘Confusing'
Tesla, Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, Barclays reiterated the stock as 'Equal Weight with a $275 price target. The firm said it is 'confused' ahead of Tesla earnings next week. Barclays is of the view that Tesla could outperform despite having weak fundamentals, particularly the company's autonomous vehicle narrative. 'The set-up for Tesla into 2Q EPS is confusing – similar to 1Q. However, net net we see potential for the stock to outperform. On the one hand, Tesla faces questions on increasingly weaker fundamentals. While we expect 2Q auto margin ex credits to be improved q/q, it will likely remain depressed vs prior years. And amid a soft 1H on 2025 volume, Tesla now is on track for a meaningful volume decline in 2025 (we forecast down 10%). The fundamental set-up is a sharp contrast to the elevated hopes from late 2024: whereas '25 consensus EPS was over $3.20 into the beginning of the year, it is now down to $1.84. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
KeyBanc Raises Alphabet (GOOGL) Price Target to $215, Reaffirms ‘Overweight'
Alphabet Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, KeyBanc analyst Justin Patterson raised the price target on the stock to $215.00 (from $195.00) while maintaining an Overweight rating. According to the firm, Search, YouTube, and Cloud are going to lead to a solid Q2 for Alphabet, with revenue of $94.6 billion. The firm also anticipates positive commentary on AI Mode, Waymo, and expense efficiencies. It also expects to see the company highlighting the value of its platform approach to artificial intelligence. Pixabay/Public Domain Keybanc increased its earnings per share estimates for the stock to $9.88 for 2025 and $10.56 for 2026. This represents increases of 1% and 2% respectively. It also introduced a 2027 EPS estimate of $12.25, all above Street consensus. Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
an hour ago
- Yahoo
JPMorgan Bumps Apple (AAPL) PT to $250, Keeps ‘Overweight'
Apple Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, JPMorgan reiterated the stock as 'Overweight' and raised its price target on Apple to $250 per share from $230. 'We rate shares of Apple Overweight from the combination of AI and age of installed base led volume replacement cycle while Services continues to demonstrate robust growth delivering acceleration in earnings growth.' In other news, Bloomberg reported that after Meta poached one of Apple's top artificial intelligence executives with a $200 million package, it has hired two of his subordinates too. Apple's Mark Lee and Tom Gunter will now be joining the newly formed Superintelligence Labs team at Meta. Pixabay/Public Domain Meta has been spending heavily to keep up in the AI race, particularly to keep up with advancements from tech giants such as OpenAI and Google. Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
