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Market Open: GameStop surges on profits, Oracle backlog fuels 30 per cent rally | Sept 10, 2025

Economy, Finance, Market News, Market Summary
NYSE:GME
10 September 2025 10:00 (EST)

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

The TSX opened slightly higher on Tuesday as investors tracked global tech momentum after big moves in U.S. names. GameStop shares spiked on surging profits and crypto holdings, while Oracle stunned markets with a 30 per cent rally driven by its massive backlog.

Market numbers

TSX: Up (0.12%), 29,063.01

TSXV: Down (0.31%), 861.22

DOW: Up (0.11%), 45,750.00

NASDAQ: Up (0.41%), 23,986.50

FTSE: Up (0.12%), 9,255.50

In the headlines

GameStop pops 12 per cent – (GameStop Corp: NYSE:GME) The retailer’s stock jumped after quarterly profit soared tenfold, with results also boosted by Bitcoin holdings now worth more than US$500 million. The move reignited attention around meme stocks, spilling over into broader trading sentiment.

Oracle rockets 30 per cent(Oracle Corp: NYSE:ORCL) Shares in Oracle leapt despite an earnings miss, as investors focused on its US$455 billion backlog of work. The scale of committed contracts reassured markets about the company’s longer-term growth trajectory.

Currencies

USD: Down (0.15%), $0.7231

GBP: Down (0.22%), $0.5333

EUR: Up (0.06%), $0.6163

JPY: Down (0.53%), ¥106.291

Bitcoin: Up (0.53%), 112,661.10

(Conversion to C$1)

Commodities

Natural Gas: Up (1.17%), 3.119

WTI: Up (1.31%), 63.613

Gold: Up (0.39%), 3,649.88

Copper: Down (0.35%), 4.5576

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