Stock Market Impact: The S&P/TSX 60 index rose 18 points (0.9%) to close higher, offsetting Monday’s 0.1% decline to 34,734.89. The broader S&P/TSX composite gained 303 points (0.9%). U.S. major indices also edged up: Dow Jones +89 points (0.2%), S&P 500 +8 points (0.1%), Nasdaq +23 points (0.1%).
Listed Companies and Sectors: Alphabet Inc. announced an $80 bn equity fundraising plan comprising a $30 bn underwritten public offering (mandatory convertible preferred, Class A and Class C shares) and a $40 bn at‑the‑market offering slated for Q3 2026; Berkshire Hathaway pledged a $10 bn private placement. Marvell Technology shares surged >22%, with market cap near $192 bn. Nvidia CEO Jensen Huang said Nvidia can meet AI‑driven demand and hinted at trillion‑dollar potential. Hewlett Packard Enterprise reported record Q2 results and accelerated AI data‑center goals, sending its shares sharply higher. Credo Technology Group’s stock fell after disappointing sales.
Investment Flows: The large equity raise by Alphabet, supported by Berkshire’s $10 bn private placement, signals significant capital inflow into the tech sector. Positive sentiment in U.S. equities and AI‑related IPO activity (Anthropic nearing $1 tn valuation) may attract foreign portfolio investment.
Interest Rates, Inflation, and Liquidity: Gold spot price rose 0.08% despite a pullback from session highs, while concerns over a possible closure of the Strait of Hormuz could trigger energy‑inflation pressures, potentially prompting central banks to consider rate hikes. No direct monetary policy actions were reported.
Fiscal or Monetary Policy: No explicit fiscal or monetary policy measures were announced; however, President Donald Trump indicated a possible U.S.–Iran peace deal within a week, which could ease geopolitical risk and influence market liquidity.
