A look at Tuesday morning’s market action
Global stocks wobbled after a sell-off in chipmaker Nvidia dragged down U.S. tech companies, suggesting some nervousness around the artificial intelligence boom.On Wall Street, Nasdaq and S&P 500 futures pointed higher, while Dow futures were in the red. TSX futures were up.
Overseas, the pan-European STOXX 600 was down 0.34 per cent in morning trading. Britain’s FTSE 100 lost 0.10 per cent, Germany’s DAX lagged by 1.18 per cent and France’s CAC 40 was also in the red at 0.72 per cent. In other commodities, gold prices eased, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve’s stance on interest rate cuts.The day range on the loonie was 73.19 US cents to 73.31 US cents in the early premarket period. The Canadian dollar was down about 0.03 per cent against the greenback over the past month.
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