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Futures Flat, Mostly Due to Losses in Oil
The TSX Composite Index shed 144.22 points to close Wednesday at 22,851.17.
The Canadian dollar inched back 0.01 cents to 73.09 cents U.S.
September futures were down 0.04% Thursday.
In corporate news, Dundee Corporation announced the acquisition of 9.76 million common shares of Greenheart Gold.
ON BAYSTREET
The TSX Venture Exchange was beaten down 10.97 points, or 1.8%, Wednesday to 588.17.
ON WALLSTREET
Futures south of the border advanced on Thursday morning, as technology shares looked to rebound after the NASDAQ Composite’s worst session since 2022.
Futures for the Dow Jones Industrials dropped 58 points, or 0.2%, to 41,439.
Futures for the S&P 500 hiked 7.75 points, or 0.1%, at 5,646.75.
Futures for the NASDAQ Composite spiked 82.5 points, or 0.4% to 20,080
Discover Financial popped 3% after its second-quarter results topped expectations. Beyond Meat tumbled about 12.5% after The Wall Street Journal reported, citing people familiar, that the meat substitute company is meeting with bondholders to begin discussions about restructuring its balance sheet.
Those moves come after the NASDAQ tumbled 2.8% in its worst day since December 2022, closing below 18,000 for the first time since July 1.
The S&P 500 dropped 1.4%, hurt largely by tech names in the index.
However, the blue-chip Dow, which has less exposure to the tech trade than the other two indexes, outperformed. The 30-stock index gained 243.6 points, or 0.6%, closing above 41,000 for the first time ever.
Shares of Domino’s Pizza dropped more than 10% in the premarket after the pizza delivery company reported mixed second-quarter results.
Domino’s earned $4.03 per share, beating an LSEG estimate of $3.68 per share. Revenue, however, came in line with expectations at $1.1 billion.
In Japan, the Nikkei 225 dumped 2.4% Thursday, while in Hong Kong, the Hang Seng gained 0.2%.
Oil prices dipped 13 cents to $82.72 U.S. a barrel.
