U.S. stock futures fell sharply Friday morning after results from Amazon.com Inc. and Intel Corp., while oil rose above US$104 a barrel ahead of the TSX open. The S&P/TSX composite index closed Thursday at 36,249.03, down 16.06 points, TMX Money data showed.
The TSX slipped 0.044 per cent on Thursday, TMX Money said, and Yahoo Finance showed the same close. The index is up 14.304 per cent so far this year and 2.875 per cent in October, according to TMX Money. Our Thursday close report has the sector detail.
As of about 8:35 a.m. ET, Yahoo Finance data showed December S&P 500 futures at 7,666.5, down about 1.1 per cent, and Nasdaq 100 futures at 28,784.5, down about 2.6 per cent. Dow futures were at 52,451, down about 0.1 per cent. Reuters and CNBC reported that the declines followed quarterly results from Amazon and Intel that deepened investor concerns about spending on artificial intelligence, and CNBC reported that Amazon fell about seven per cent and Intel about 25 per cent in premarket trading.
On Thursday, Wall Street’s main indexes closed lower, Yahoo Finance data showed. The S&P 500 fell 23.59 points, or 0.30 per cent, to 7,720.39, the Dow Jones Industrial Average slipped 132.54 points, or 0.25 per cent, to 52,342.56, and the Nasdaq composite dropped 365.13 points, or 1.38 per cent, to 26,184.72. Reuters reported that Alphabet’s revenue miss had revived worries about AI spending.
West Texas Intermediate crude for December delivery traded at US$104.10, up about two per cent from Thursday’s settlement of US$102, Yahoo Finance data showed. Gold was near US$3,970 an ounce, down about 1.5 per cent. The Canadian dollar traded at about 71.63 U.S. cents, compared with about 71.50 cents the previous day.
On the corporate calendar, Air Canada reported third-quarter results Thursday and lowered its 2026 adjusted EBITDA guidance to $2.4 billion to $2.7 billion because of higher fuel prices. Air Canada (TSX:AC) shares closed Thursday at $21.87, TMX Money data showed. Magna International Inc. (TSX:MG) reported third-quarter results Friday morning, with adjusted earnings per share of US$1.83.
On the economic calendar, Statistics Canada releases gross domestic product figures for August on Friday. The Globe and Mail reported that economists expect slight growth. The Canada-European Union summit in Montreal is also to conclude on Friday, The Canadian Press reported.
For context on market hours, see our guide to TSX holidays in 2026. The market opens at 9:30 a.m. ET.
| Market at a glance | Level | Change | As of |
|---|---|---|---|
| S&P/TSX composite (close) | 36,249.03 | -16.06 (-0.044%) | Oct. 29, 4 p.m. ET |
| S&P 500 futures (Dec.) | 7,666.5 | about -1.1% | Oct. 30, about 8:35 a.m. ET |
| Nasdaq 100 futures (Dec.) | 28,784.5 | about -2.6% | Oct. 30, about 8:35 a.m. ET |
| Dow futures (Dec.) | 52,451 | about -0.1% | Oct. 30, about 8:35 a.m. ET |
| WTI crude (Dec.) | US$104.10 | about +2.1% | Oct. 30, about 8:35 a.m. ET |
| Gold (Dec.) | US$3,970 | about -1.5% | Oct. 30, about 8:35 a.m. ET |
| Canadian dollar | 71.63 US cents | about +0.2% | Oct. 30, about 8:35 a.m. ET |
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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.
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