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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