Live Nasdaq Composite: Tech Hunts Leadership in Broader Markets Push

By Gerelyn Terzo Updated Jan 7, 11:40AM EST · Published Jan 7, 9:49AM EST

Quick Read

xAI raised $20B in Series E funding with backing from Nvidia and Cisco.
Private-sector hiring added 41,000 jobs in December after November’s decline.
MSCI reversed its plan to remove Bitcoin treasury companies from its indices.

Live Updates

China's Nvidia Pushback

Jan 7, 2026 at 11:41 AM EST

China is reportedly tightening the screws on Nvidia, with the country halting chip purchases and asking local companies to suspend orders for the H200 chipset, according to a report in The Information. The move comes as Beijing examines chip import condition, injecting uncertainty around Nvidia’s supply/demand outlook. Nvidia investors are not worried, sending the stock 1% higher today.

Dividend Growth

Jan 7, 2026 at 10:57 AM EST

2025 was a record year for dividends, with S&P 500 companies paying out $78.92 per share, up 5.5% YoY, to a tally of $46.4 billion. The increase marked the 16th straight year of dividend growth for the broader market index.

Huang's Nod to Musk

Jan 7, 2026 at 9:50 AM EST

Nvidia CEO Jensen Huang has given a nod to Elon Musk, reportedly calling Tesla’s (Nasdaq: TSLA) autonomous vehicle stack is the “most advanced” on the planet. Yesterday Huang unveiled Nvidia’s plans for a native AI-powered autonomous driving technology, pitting it up against Musk’s company. Tesla stock is tacking on 1% today.

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

The markets came out of the gate mixed this morning, with the Nasdaq Composite lagging behind the broader markets for the time being. Meanwhile, the Dow Jones Industrial Average is on pace for its latest record session while the S&P 500 is also gaining ground. Tech stocks Broadcom (Nasdaq: AVGO | AVGO Price Prediction) and AMD (Nasdaq: AMD) are under pressure in the session, shaving off 1.7% and 3.3% from their market caps, respectively.

Tech leaders Nvidia (Nasdaq: NVDA) and Cisco (Nasdaq: CSCO) are backing Elon Musk’s xAI platform, which raised $20 billion in a Series E funding round, topping its $15 billion target. The latest raise buoys Big Tech support as xAI continues to scale its AI platform.

The labor market is sending signals of optimism. Private-sector hiring flipped positive in December, though the pace was softer than expected. ADP reported that companies added 41,000 jobs for the month, marking a rebound from November’s loss of jobs and snapping a stretch in which payrolls were on the decline.

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

Dow Jones Industrial Average: 49,487.62 Up 24.54 (+0.06%)
Nasdaq Composite: 23,596.92 Up 54.34 (+0.23%)
S&P 500: 6,954.11 Up 9.29 (+0.12%)

Market Movers

JPMorgan analysts have turned increasingly bullish on Alphabet’s (Nasdaq: GOOGL) Google, boosting its projections for Google’s TPU yet again amid robust demand indicators for 2026 and 2027.

Cantor Fitzgerald analysts have reemphasized their bullish “overweight” rating on CrowdStrike Holdings (Nasdaq: CRWD) stock, on its “top pick” list, with a $590 price target attached.

Jefferies analysts have turned cautious on Sandisk Corp (Nasdaq: SNDK) stock, warning about market share in a competitive NAND field from the likes of YMTC.

Index provider MSCI has agreed to keep Bitcoin and cryptocurrency treasury companies in its market indices for the time being. This decision overrides previous plans to remove digital assets from its indices. In response, Michael Saylor posted that Strategy (Nasdaq: MSTR) ” will remain in MSCI indexes,” sending the stock higher to recoup recently lost ground.

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About the Author 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.