Stocks combined as Wall Street pares losses

Live5 updates

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  Tue, January 9, 2024 at 7:34 PM GMT+2

  Stocks combined in afternoon buying and selling

  Tech shares rebounded in afternoon buying and selling Monday, as the most important indexes clawed again earlier losses however remained in combined territory.

  The Dow Jones Industrial Average (^DJI) slipped 0.4% or about 150 factors. The benchmark S&P 500 (^GSPC) fell just under the flatline, whereas the tech-heavy Nasdaq Composite (^IXIC) turned barely optimistic, reversing unfavourable motion from the morning session.
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  Tue, January 9, 2024 at 7:00 PM GMT+2

  HPE in talks to accumulate Juniper Networks: Report

  Hewlett Packard Enterprise (HPE) is transferring to accumulate Juniper Networks (JNPR) in a deal that could possibly be valued at $13 billion, in accordance with a report by the Wall Street Journal printed Tuesday.

  The proposed acquisition may bolster HPE’s AI product rollout. In recent months Wall Street has cheered on Big Tech’s AI developments, rewarding software program firms and AI suppliers like Nvidia (NVDA) with strong positive factors, outpacing the broader market on the promise of an enormous business and shopper shift towards AI-powered instruments and providers.

  Juniper, based mostly in Sunnyvale, Calif., is greatest recognized for promoting communications {hardware}, together with routers and switches. But the corporate additionally runs a rising AI business, referred to as Mist AI. Juniper says the AI business permits its prospects to run their networks extra effectively. Juniper’s CEO Rami Rahim not too long ago instructed Yahoo Finance Live that the corporate’s AI phase has achieved 100% progress over its final two quarters, yr over yr.

  Shares of Juniper rose greater than 20% Tuesday afternoon, whereas HPE sank 7%.

  A deal could possibly be introduced as quickly as this week, in accordance with the report.

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  Tue, January 9, 2024 at 6:02 PM GMT+2

  Oil rebounds on indicators Russia is adhering to promised export cuts

  Crude futures rebounded on Tuesday on indicators that Russia is adhering to its promised export cuts and protests in Libya proceed limiting the nation’s manufacturing.

  West Texas Intermediate (CL=F) rose greater than 1.5% through the session earlier than paring again a few of these positive factors. Brent (BZ=F) futures additionally elevated greater than 1%, a reversal from steep losses through the prior session.

  The latest crude export information tracked by Bloomberg exhibits Russia began 2024 in step with cuts promised by the OPEC+ member.

  Meanwhile protests in Libya are retaining roughly 300,000 barrels per time off the market following the shutdown of a serious oil subject final week.
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  Tue, January 9, 2024 at 5:20 PM GMT+2

  Stocks trending in morning buying and selling

  Here are a few of the shares main Yahoo Finance’s trending tickers web page throughout buying and selling on Tuesday:

  Juniper Networks (JNPR): Shares of the networking provider rose greater than 20% Tuesday morning following a report within the Wall Street Journal that exposed Hewlett Packard Enterprise (HPE) is eyeing the corporate for acquisition in a deal that could possibly be valued at $13 billion. HPE shares fell greater than 8%.

  JetBlue (JBLU): The airline sank greater than 6% following an announcement that Robin Hayes will step down as CEO after about 9 years of main the corporate. His departure carries significance as a result of the corporate is ready to listen to whether or not a federal choose will block its proposed merge with Spirit Airlines, a deal he backed.

  Unity Software (U): Shares of the online game developer fell almost 7% after the corporate introduced plans to put off about 1,800 workers, or 25% of its workforce.

  Nvidia (NVDA): Shares of the AI software program and {hardware} provider continued their run on Tuesday morning as shares rose 0.3% following a report that the AI provider plans to begin mass manufacturing of an AI chip it designed for the Chinese market that complies with US export rules. Reuters studies that the sale of the chip, together with two others, is designed protect the corporate’s market share in China amid tightening export restrictions out of Washington.
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  Tue, January 9, 2024 at 4:33 PM GMT+2

  Stocks open decrease as tech rally loses steam

  The market opened within the purple to start out the Tuesday session on Wall Street as tech shares gave up floor.

  The Dow Jones Industrial Average (^DJI) slipped 0.5% or about 200 factors. The benchmark S&P 500 (^GSPC) shed practically 0.6% whereas the tech-heavy Nasdaq Composite (^IXIC) retreated about 0.7%.