Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

North American markets opened mixed on Wednesday, with tech stocks continuing to show weakness as the Nasdaq slipped under its 50-day moving average — a level traders often watch as a sign of shifting momentum.

The Dow and TSX were steadier, while investors looked ahead to Nvidia earnings after fresh questions emerged around the company’s multi-billion-dollar AI deal spree.

Market numbers

TSX: Down (0.13%), 30,036.46

TSXV: Up (0.93%), 867.66

DOW: Up (0.14%), 46,175

NASDAQ: Up (0.42%), 24,634

FTSE: Down (1.45%), 9,533.50

In the headlines

  • Metro profit rises — Metro Inc (TSX:MRU) reported a fourth-quarter profit of $217 million as grocery and pharmacy sales remained resilient in a mixed consumer environment.
  • Target partners with OpenAI — Target Corp (NYSE:TGT) announced a new partnership with OpenAI in a bid to reverse falling sales, aiming to reboot customer engagement and internal productivity tools.

Currencies

USD: Down (0.24%), 0.7128

GBP: Flat (0.00%), 0.5435

EUR: Down (0.10%), 0.6165

JPY: Up (0.31%), 111.515

AUD: Down (0.16%), 0.90878

Bitcoin (CAD): Down (1.26%), 128,268.70

(Conversion to C$1)

Commodities

Copper: Up (0.85%), 5.07844

Gold: Up (1.22%), 4,116.50

WTI: Down (2.45%), 59.212

Natural Gas: Up (3.14%), 4.527

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