Wed Jan 08 11:40:00 UTC 2025: ## Market Rebounds After Early Sell-Off, Nvidia Dips Despite AI Announcements

**NEW YORK, January 7, 2025** – Wall Street experienced a mixed day Tuesday, with major indexes recovering after an initial dip following the release of employment data. While the Dow Jones Industrial Average edged up 0.1%, the S&P 500 and Nasdaq Composite fell 0.2% and 0.5% respectively during morning trading.

The 10-year Treasury yield rose to 4.63%, and oil prices remained at their highest level since October, trading around $74.05 per barrel. Exchange-traded funds also reflected the mixed performance, with the Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF (SPY) falling 0.5% and 0.2% respectively.

Nvidia (NVDA), despite CEO Jensen Huang’s unveiling of new AI initiatives, including the Nvidia Cosmos computing platform, at CES 2025, saw its stock reverse course, dropping 2.3% after reaching record highs earlier. This followed a 3.4% surge on Monday.

The Labor Department’s JOLTS report revealed unexpectedly high job openings (8.098 million in November), exceeding expectations.

Several individual stocks showed notable movement. American Express (AXP) is building a flat base, while Boston Scientific (BSX), Fortinet (FTNT), and Intuitive Surgical (ISRG) are also showing potential. Apple (AAPL) saw a slight decline after a research firm downgraded its stock. Amazon (AMZN) also fell slightly after recent gains. Microsoft (MSFT) attempted to regain its 50-day and 200-day moving averages.

The stock market will be closed on Thursday in observance of former President Jimmy Carter.

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