Futures linked to Canada's main stock index rose on Tuesday, as precious metal prices bounced back from their steepest two-day slide in decades, with gold set for its biggest daily jump since November 2008.
The TSX index leaped 260.36 points to conclude Monday at 32,183.88.
March futures rallied 0.5% Tuesday.
The Canadian dollar eased 0.02 cents to 73.11 cents U.S.
ON BAYSTREET
The TSX Venture Exchange retreated 20.41 points, or 1.9%, Monday to 1,030.67.
ON WALLSTREET
Futures linked to the S&P 500 traded rose Tuesday after U.S. equities posted a strong start to the new trading month.
Futures for the Dow Jones Industrials slid 38 points, or 0.1%, to 49,485.
Futures for the broader index gained 9.75points, or 0.1%, at 7,011.75.
Futures for the NASDAQ hiked 91 points, or 0.4%, to 25,941.
Shares of Palantir Technologies jumped 11% after the defense tech company gave strong fourth-quarter financial results and upbeat guidance. Robotics play Teradyne surged 22% after posting a solid outlook for the first quarter, calling for revenue that surpassed expectations.
Major stock averages rose across the board in the regular session. The 30-stock Dow jumped about 515 points, or 1.05%. The S&P 500 advanced 0.5%, and the tech-heavy NASDAQ gained almost 0.6%.
Hot artificial intelligence infrastructure stocks Sandisk, Western Digital and Seagate all ended the session higher. However, Nvidia fell nearly 3% after The Wall Street Journal reported late last week that the chip company’s plans to invest in OpenAI have stalled.
Markets in Japan sprang back to life 3.9% Tuesday, while the Hang Seng in Hong Kong gained 0.2%.
Oil prices gained 30 cents to $62.44 U.S. a barrel.
Gold prices skyrocketed $296.30 to $4,948.90 U.S an ounce.
