Daily TSX Market Open: SpaceX Slides in Debut, Markets Pull Back as Oil Jumps - July 8th WordPress Post Text Market Overview Markets are under pressure as renewed geopolitical tensions and weakness in technology stocks weigh on sentiment. Canadian equities are lower, with the TSX declining as energy and industrial gains fail to offset broader weakness. The TSX Venture Index is also down, reflecting continued caution in growth‑oriented names. In the U.S., the Dow has pulled back after recent highs while the Nasdaq remains flat to slightly negative, signaling ongoing hesitation among tech investors. The macro backdrop is shifting again. Oil prices are surging following the end of a ceasefire, adding upward pressure to inflation expectations. Meanwhile, gold is falling sharply, reflecting reduced demand for safe‑haven assets in the short term. Copper is also lower, pointing to softer industrial sentiment, while natural gas remains relatively stable. Bitcoin is under significant pressure, continuing its recent decline amid broader volatility across risk assets. Market Numbers TSX: Down (‑0.75%) 35,007.90 TSXV: Down (‑0.88%) 885.27 Dow Jones Industrial Average: Down (‑0.82%) 52,463.0 NASDAQ: Down (‑0.04%) 29,142.4 FTSE 100: Down (‑1.11%) 10,533.69 In the Headlines SpaceX drops in Nasdaq 100 debut (SPCX) SpaceX — the high‑profile aerospace and satellite company — fell about 7% during its Nasdaq 100 debut, erasing much of its earlier gains and falling back near its IPO price. The move highlights rising volatility in newly listed, high‑growth names. Canada backs Teck with strategic investment (TECK) The Canadian government has agreed to a potential C$400‑million investment in Teck Resources to support strategic metals production. The deal underscores growing emphasis on securing critical minerals supply chains.