Live Nasdaq Composite: Tech Bulls and Bears Wrestle for Control Amid Mixed Signals
Quick Read
-
Microsoft beat estimates and cloud revenue surpassed $50B but stock dropped double digits on weak Q3 guidance.
-
Meta surged 8.1% on strong earnings and aggressive AI spending plans. Over 40% of global population uses its products daily.
-
Tesla is shuttering Model S and Model X production as it pivots toward transportation-as-a-service.
Live Updates
NOW Stock Plummets
ServiceNow (NYSE: NOW) stock is sinking by 11.2% today to hover at approximately $115 per share, a far cry from its 52-week high of $211. The software sector is under pressure amid a feared downcycle, owing to innovation of the AI era.
Nasdaq on Pace for January Gains
The Nasdaq Composite is on track for a slight gain in the month of January, up 0.15% in early 2026 at last check. This week has been a washout, with the tech-heavy index on pace for a 0.68% decline over the past several days.
Bullish on Tesla
Cantor Fitzgerald analysts are bullish on Tesla stock, attaching a $510 price target, suggesting there’s runway for 20% gains in shares. While Tesla has fallen short on EV deliveries amid heightened competition from China, positive catalysts are the energy segment and a promising Q4 outlook, according to the analysts. Nevertheless, Tesla stock is taking it on the chin, falling 1.5% today.
This article will be updated throughout the day, so check back often for more daily updates.
Market bulls and bears are locked in a tug-of-war as technology stocks send mixed signals. Meta Platforms (Nasdaq: META | META Price Prediction) is surging 8.1% after delivering better-than-expected earnings and outlining an aggressive push into AI spending but it’s doing little to lift market sentiment. Meanwhile, Microsoft (Nasdaq: MSFT) is sliding by a double-digit percentage, weighing on the Nasdaq Composite and keeping the balance of power unsettled. In the broader markets, energy stocks are soaring while tech shares are under pressure as a group.
For all intents and purposes Microsoft is operating on all cylinders, surpassing top and bottom line estimates while cloud revenue exceeded the $50 billion level. But Wall Street is punishing MSFT stock for its Q3 outlook, which failed to meet aggressive expectations. The price of gold closed above $5,300/ounce on Wednesday but selling pressure has hit the price today in a volatile week.
Meanwhile, escalating geopolitical uncertainty between the U.S. and Iran has sent the price of oil soaring by over 2% today.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 48,963.49 Down 52.11 (-0.11%)
Nasdaq Composite: 23,779.23 Down 92.20 (-0.39%)
S&P 500: 6,928.10 Down 47.76 (-0.68%)
Market Movers
Bank of America analysts responded to Meta’s earnings by lifting the price target on the stock to $885 with a “buy” rating. Also, JP Morgan raised its price target on Meta stock to $825 per share, reflecting upside potential of 14.4%. According to Meta CEO Mark Zuckerberg, several billion people, representing, over 40% of the global population, use the company’s products on a daily basis.
Separately, Morgan Stanley has unceremoniously removed Microsoft stock from its top picks rankings.
Tesla (Nasdaq: TSLA) stock is falling 1.1% as investors grapple with declining profits but aggressive capex plans amid a pivot toward transportation-as-a-service. As Elon Musk looks to transform the company into an AI brand, Tesla is shuttering production of its Model S and Model X cars.
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.
© monsitj / iStock via Getty Images
Top Gaining Stocks
Top Losing Stocks