Live Nasdaq Composite: Market Mettle Tested in Whipsaw Week

By Gerelyn Terzo Updated Jan 23, 11:41AM EST · Published Jan 23, 9:54AM EST

Quick Read

Intel fell by double digits as chip demand concerns resurfaced.
Natural gas prices surged over 60% from an arctic blast across the U.S.
Affirm filed for a Nevada industrial loan charter to expand into banking.

Live Updates

Markets Flip Green

Jan 23, 2026 at 11:41 AM EST

The markets have managed to turn around, with the Nasdaq Composite and S&P 500 now edging higher, buoyed by the Magnificent 7 stocks, which are trading in the green almost across the board as of midday trading.

Record Silver

Jan 23, 2026 at 10:52 AM EST

Precious metals continue to rally, with the spot price of silver now hovering above the $100 per ounce threshold for the first time ever. Silver stocks like Pan American Silver (NYSE: PAAS), up 4.7%, are rallying.

Today's Gainers

Jan 23, 2026 at 9:53 AM EST

In addition to Nvidia, other stocks are taking ground today despite the otherwise negative sentiment gripping the broader markets today. Gainers include:

Fortinet (Nasdaq: FTNT) up 7.6%

Halliburton (NYSE: HAL) up 3%

SLB (NYSE: SLB) up 2%.

Valero Energy (NYSE: VLO) up 3.4%

CF Industries (NYSE: CF) up 2.9%

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

The markets are retreating today after a two-day rally in which technology stocks were out front. Today, tech is a drag, with stalwart chipmaker Intel (Nasdaq: INTC | INTC Price Prediction) down by a double digit percentage as worries around chip demand resurface. All three of the major stock market averages are seeing red, including a fractional decline in the Nasdaq Composite. Nvidia (Nasdaq: NVDA) is a rare gainer today, tacking on 1.6% and preventing the markets from further declines.

Sectors of the economy are mixed, with energy out front amid a nearly 3% gain in the WTI Crude oil price. Natural gas prices are also skyrocketing by over 60% as a fresh arctic blast begins to blanket the U.S. Separately, Precious metals are extending their run, including a spot gold price that’s inching closer to the key $5,000/ounce level.

While a potential successor to Tim Cook has been making headlines, Bloomberg reports that the Apple (Nasdaq: AAPL) CEO has zero plans of stepping down anytime soon.

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

Dow Jones Industrial Average: 49,320.00 Down 238.00 (-0.48%)
Nasdaq Composite: 25,588.50 Down 67.75 (-0.26%)
S&P 500: 6,932.50 Down 12.50 (-0.18%)

Market Movers

HSBC analysts have reemphasized their “buy” rating on Meta (Nasdaq: META) stock with a price target of $905 per share, touting the company’s early-mover status in AI models and aggressive capex spending.

As earnings season rolls on, Amazon (Nasdaq: AMZN) is expected to report its latest quarterly performance on Feb. 5.

Buy now pay later platform Affirm (Nasdaq: AFRM) is looking to expand its capabilities into banking, filing for an industrial loan company charter with the state of Nevada and paving the way for the company to compete more directly with financial institutions. Speaking of banks, Citigroup (NYSE: C) is gearing up for additional layoffs in Q1, according to a report in Reuters.

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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.