Live Nasdaq Composite: Markets Heed Fed, Trade With Caution
This article will be updated throughout the day, so check back often for more daily updates. The markets are playing it cautious on this Fed decision day in which an interest rate cut of…
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Live Nasdaq Composite: Markets Hunt Direction on Tech’s Mixed Signals
Live Updates
Newest firstBullish on AAPL
Wall Street firm Goldman Sachs is bullish on Apple (Nasdaq: AAPL) stock, maintaining a “buy” rating amid a 7% jump in App Store spending last month compared with a 6% increase in December. Apple stock is down 0.40% in today’s tech sell-off. The Nasdaq Composite has widened its losses to 1.5%.
Musk's Done Deal
It’s official. Elon Musk’s rocket company SpaceX has reportedly scooped up his newer company, xAI (founded in 2023), in a blockbuster deal that attaches valuations of $1 trillion and $250 billion for the buyer and target company, respectively. Tesla’s stock is up 0.55% today.
Rate Outlook
Fed official Stephen Miran reportedly suggested interest rates may need to fall by more than a full percentage point in 2026, a more dovish view than the market, which is currently pricing in roughly 0.5% of cuts through year-end.
Live coverage has ended. The full story is below.
Full Coverage
The story so farThis article will be updated throughout the day, so check back often for more daily updates.
The markets are mixed out of the gate as bulls and bears wrestle for control. The Nasdaq Composite is being pressured lower this morning, while the S&P 500 and Dow Jones Industrial Average attempt to go their own way. Precious metals remain on a wild ride, with the gold price headed back toward the $5,000/ounce level. The Nasdaq Composite is up 0.78% year-to-date.
Palantir Technologies (Nasdaq: PLTR | PLTR Price Prediction) is soaring by 10% today on the heels of its better-than-expected Q4 earnings print, beating Wall Street estimates on both the top and bottom lines. The software wonder also forecasts robust full-year revenue growth of 60%. Baird analysts lifted their rating on the stock to “outperform” from “neutral” with a price target of $200 attached.
PayPal (Nasdaq: PYPL) is a drag on the Nasdaq Composite, shaving off nearly 20% of its value in today’s session amid a C-suite shakeup and lackluster earnings.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,598.97 Up 191.31 (+0.39%)
Nasdaq Composite: 23,541.17 Down 54.07 (-0.23%)
S&P 500: 6,976.01 Down 1.68 (-0.02%)
Market Movers
Piper Sandler analysts have added Microsoft (Nasdaq: MSFT) stock to their top ideas rankings.
Rocket Companies (NYSE: RKT) stock is skyrocketing by 9% today after the CEO told CNBC that the firm’s mortgage loan volume is soaring. The company is expected to report earnings on Feb. 26.
Disney (NYSE: DIS) has named a successor to Bob Iger. Josh D’Amaro, who currently spearheads the company’s parks business, will take the helm as CEO by the end of Q1. The stock is fractionally lower at the open.
Teradyne (Nasdaq: TER) stock is gaining 11.2% today after reporting a blowout quarter that was powered by soaring AI demand for its solutions.
PepsiCo (NYSE: PEP) stock is tacking on nearly 4% today despite cutting prices on its salty snacks.
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Gerelyn Terzo
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
