Live Nasdaq Composite: Mixed Markets Heed Economic Warning Signals

This article will be updated throughout the day, so check back often for more daily updates. 

With the highly watched jobs report due out later this week, investors and traders are bracing for more warning signals from the economy. White House official Kevin Hassett has warned that January’s jobs numbers are likely to reflect some weakness. In the markets, after shaving off $1 trillion in market capitalization in last week’s market, Big Tech stocks are giving a mixed showing. Oracle (Nasdaq: ORCL | ORCL Price Prediction) is reclaiming lost ground, tacking on 8.5% today and trimming its year-to-date decline to 20%. The three major stock market averages are seeing red, including a fractional decline in the Nasdaq Composite.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 50,007.45 Down 108.22 (-0.22%)
Nasdaq Composite: 23,000.72 Down 30.50 (-0.13%)
S&P 500: 6,927.28 Down 6.60 (-0.10%)

Market Movers

Apollo Global Management is within a stone’s throw of inking a $3.4 billion lending transaction for Nvidia’s (Nasdaq: NVDA) white-hot chips that it would in turn lease to Elon Musk’s xAI, according to reports.

After revealing its multi-billion-dollar AI capex plans, Google parent Alphabet (Nasdaq: GOOGL) is reportedly turning to the debt capital markets to attract approximately $15 billion to its coffers through a bond sale.

Privately held OpenAI is growing hand over fist, growing at a monthly clip north of 10%, according to CEO Sam Altman cited by reports.

After teaming up with MrBeast for a game-themed Super Bowl commercial, Salesforce (NYSE: CRM) stock is down 1%.

Micron Technology is weighing on the markets today, falling 2.6% possibly on heightened competition for chips out of Samsung.