BREAKING: Fed holds rates steady amid inflation concerns — Markets react cautiously | Q1 earnings season: 78% of S&P 500 companies beat expectations | Friday, May 9, 2026
S&P 5005,248.32 ▲ +0.42% NASDAQ16,421.55 ▲ +0.67% DOW38,917.44 ▼ -0.18% AAPL$189.23 ▲ +1.2% MSFT$412.87 ▲ +0.8% TSLA$174.50 ▼ -2.1% GOLD$2,341.10 ▲ +0.3% BTC$62,140.00 ▲ +1.9% USD/CAD1.3621 ▼ -0.1% S&P 5005,248.32 ▲ +0.42% NASDAQ16,421.55 ▲ +0.67% DOW38,917.44 ▼ -0.18% AAPL$189.23 ▲ +1.2% MSFT$412.87 ▲ +0.8% TSLA$174.50 ▼ -2.1% GOLD$2,341.10 ▲ +0.3% BTC$62,140.00 ▲ +1.9%

MARKETS

Live coverage · May 9, 2026

Breaking · Economy

Federal Reserve signals pause as inflation data shows promising signs

Markets surged Thursday after Federal Reserve chair indicated the central bank may hold rates through summer, citing three consecutive months of cooling core inflation figures.

Margaret L. Chen Senior Economics Editor 2 hours ago
Top Stories
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Tech stocks lead broad market rally as earnings season wraps up with strong results

Major technology companies reported quarterly earnings that exceeded analyst expectations, pushing the NASDAQ to a six-week high.

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Canadian banks report record profits despite rising loan loss provisions in Q1

The Big Six banks collectively posted $15.2 billion in net income, though executives warned of potential headwinds from the commercial real estate sector.

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Vancouver housing affordability worsens as inventory hits five-year low

New data from the Real Estate Board shows listings fell 18% year-over-year while average detached home prices climbed to $1.94 million.

Oil prices stabilize near $78 as OPEC+ confirms production cut extension through Q3

Crude markets found support after the cartel reaffirmed its output reduction strategy, calming fears of a supply glut heading into summer driving season.

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AI investment boom shows no signs of slowing as enterprise adoption accelerates

Corporate spending on artificial intelligence infrastructure reached $47 billion in Q1 2026, a 140% increase from the same period last year, according to new IDC data.

Opinion

The debt ceiling debate is a distraction from America's real fiscal challenge

While lawmakers squabble over the debt limit, the structural deficit continues to grow unchecked. The real conversation we need to have is about long-term entitlement reform.

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Dr. David KesslerFormer Chief Economist, World Bank

Why central banks are losing the narrative battle on inflation

Public trust in monetary institutions has eroded significantly since 2022. Restoring credibility will require more than rate decisions — it will require transparency.

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Amelia LaurentContributing Editor