In Wednesday’s pre-market update, Stephen Whiteside highlighted a quiet trading environment ahead of NVIDIA’s highly anticipated earnings release. With month-end and a long weekend approaching, the market carries a natural bullish bias, though not guaranteed. Key movements included renewed strength in the cannabis sector, led by Tillray, while the VIX remains near a potential turning point. On the Canadian side, the TSX-60 saw bank stocks outperform, with the Bank of Nova Scotia and Bank of Montreal leading gains, while Canadian Natural Resources lagged.
In U.S. markets, modest gains were recorded, with Boeing and GE Aero Space back on buy signals, while Salesforce, UnitedHealth, and Intel showed weakness. The S&P 500 and Nasdaq both remain range-bound, with notable winners such as AppLovin and GE Verova, and losers including Dr. Pepper and Target. Investors remain cautious, with most waiting for NVIDIA’s earnings to guide the next market move.
Stephen Whiteside
Wednesday, August 27, 2025
