North American stocks opened with slight losses at the start of trading on Wednesday, with little news to give them much direction.
The Dow Jones industrial average fell 7 points or less than 0.1 per cent, to 10,851. The broader S&P 500 fell 2 points or 0.1 per cent, to 1146. In Canada, the S&P/TSX composite index fell 5 points, to 12,274.
Blue-chip technology stocks saw some gains after Hewlett-Packard Co. on Tuesday evening raised its fiscal 2011 outlook for earnings and revenue, sending the shares up 2.3 per cent in early trading. International Business Machines Corp. and Intel Corp. rose 0.3 per cent each.
However, U.S. financials were relatively weak, with Bank of America Corp. down 0.8 per cent and JPMorgan Chase & Co. down 0.9 per cent.
In Canada, lacklustre moves for crude oil and gold had little impact on commodity producers. Suncor Energy Inc. rose 0.2 per cent and Canadian Natural Resources Ltd. rose 0.8 per cent after the price of crude oil fell 2 cents (U.S.), to $76.20 a barrel. Barrick Gold Corp. fell 0.5 per cent after gold rose to $1310 an ounce, up $2.
Research In Motion Ltd. rose 1.3 per cent as investors continue to digest the implications of the company's move into tablet computing. RIM announced this week that it will launch the PlayBook as a response to Apple Inc. iPad.