--- title: "Big Gains in First Hour" description: "Canada's main stock index, the TSX, opened higher by 116.11 points at 30,138.92, driven by gains in materials and technology sectors. Lithium Americas surged 18.4% after the U.S. Department of Energy " type: "news" locale: "en" url: "https://longbridge.com/en/news/259677827.md" published_at: "2025-10-01T14:42:14.000Z" --- # Big Gains in First Hour > Canada's main stock index, the TSX, opened higher by 116.11 points at 30,138.92, driven by gains in materials and technology sectors. Lithium Americas surged 18.4% after the U.S. Department of Energy acquired a 5% stake in the company. Meanwhile, the U.S. S&P 500 fell amid concerns over a government shutdown and disappointing job data, with private payrolls dropping by 32,000. Oil prices decreased to $61.83 per barrel, while gold prices rose to $3,897.80 per ounce. Canada's main stock index opened higher on Wednesday, led by materials, while investors assessed a partial U.S. government shutdown that threatened to delay key jobs data and potentially cloud the interest-rate outlook. The TSX exploded 116.11 points to begin the mid-week session at 30,138.92. The Canadian dollar weakened 0.19 cents at 71.80 cents. Vancouver-based Lithium Americas said the U.S. Department of Energy has taken a 5% stake in the company, along with a separate 5% stake in its Thacker Pass lithium project joint venture with General Motors. Lithium Americas shares grabbed $1.47, or 18.4%, to $9.42. On the economic slate, manufacturing PMI in Canada decreased to 47.70 points in September from 48.30 points in August 2025. ON BAYSTREET The TSX Venture Exchange sprinted 7.97 points to 955.81. All but two of the 12 subgroups were higher, led by gold, shining 1.8%, information technology, climbing 1.6%, and materials hiking 1.5%. The two laggards proved to be energy, shedding 0.8%, and industrials, off 0.1%. ON WALLSTREET The S&P 500 dropped on Wednesday after the U.S. government shut down, raising fears of a longer-than-normal stoppage that weighs on an already fragile economy. Equities were also under pressure after the latest ADP report showed a surprise decline jobs for September. The Dow Jones Industrial Index dipped 5.41 points to 46,392.19. The much-broader index slid 7.62 points to 6,680.84 The tech-heavy NASDAQ retreated 21.16 points to 22,638.85. Bank stocks fell broadly on concern about a slowing economy after the stoppage. Citigroup and Wells Fargo each shed more than 1%. JPMorgan Chase, Goldman Sachs and Morgan Stanley were also lower. Tech shares that have led the bull market, including Oracle, declined as part of a risk-off move. Data from processing firm ADP showed that private payrolls fell by 32,000 last month, well below the gain of 45,000 that economists polled by Dow Jones had estimated. This reading, which signifies the biggest drop since March 2023, takes on even greater importance now that there’s an economic data blackout because of the shutdown. The U.S. government shut down after attempts made by the Republican-controlled Senate to secure a temporary spending bill failed on Tuesday. Democrats are hoping to use the measure to codify an extension of health care tax credits for millions of Americans. Prices for the 10-year Treasury recovered, lowering yields to 4.11% from Tuesday’s 4.15%. Treasury prices and yields move in opposite directions. Oil prices shed 54 cents to $61.83 U.S. a barrel. Gold prices hiked $24.60 to $3,897.80 U.S. an ounce. ### Related Stocks - [LAC.US - Lithium Americas](https://longbridge.com/en/quote/LAC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | The tech sell-off sends stocks lower: Here's how to trade it | The Investment Committee debate how you should navigate the tech sell-off and protect your portfolio. | [Link](https://longbridge.com/en/news/275793418.md) | | "Expect Noise": Deutsche Bank Explains Why The Bar For 'Good' Payrolls Is Lower Than You Think | All eyes are on today’s delayed January US jobs report.Deutsche Bank's economists are looking for a 75k gain on both hea | [Link](https://longbridge.com/en/news/275611590.md) | | Wall Street on edge: 5 jobs data scenarios could make or break stock rally | Stock traders are anxious as January employment numbers are set to be released, which could impact the recent recovery o | [Link](https://longbridge.com/en/news/275523391.md) | | Employment numbers could be much worse than previously reported | President Donald Trump has criticized earlier job reports that featured downward revisions. | [Link](https://longbridge.com/en/news/275614557.md) | | US 3-Year High Yield 3.518% vs 3.609% Previous; Bid/Cover 2.62 vs 2.65 Previous | US 3-Year High Yield 3.518% vs 3.609% Previous; Bid/Cover 2.62 vs 2.65 Previous | [Link](https://longbridge.com/en/news/275497911.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.