"The markets are attempting gains this morning with all three of the major stock market averages seeing green out of the gate. Investors and traders have been battling some weak economic data, not least a skyrocketing unemployment rate, that has dampened sentiment in the final stretch of 2025. If they can hold onto today's gains, not only would it break the Nasdaq Composite's multi-day losing streak but momentum could shift in time for the year-end performance tally, which currently stands up 19.3% year-to-date."
"Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 48,284.77 Up 167.09 (+0.35%) Nasdaq Composite: 23,140.26 Up 40.44 (+0.17%) S&P 500: 6,808.91 Up 7.5 (+0.10%) Broader Market Movers Oracle's Michigan-based multi-billion-dollar data center for AI has reportedly hit several snags, the most recent of which involves the pulling of financing from Blue Owl Capital ( NYSE: OWL). A major financial institution may step in to bridge the funding gap."
US stock indices opened higher as markets sought gains despite weak economic data and a sharply rising unemployment rate that dampened late-2025 sentiment. Holding today's gains could end the Nasdaq Composite's multi-day losing streak and influence a year-to-date performance up 19.3%. Tesla shares reached fresh highs, lifting Elon Musk's reported net worth to $638 billion. Brent crude recovered to nearly $60 per barrel after earlier declines. Oracle's Michigan AI data center financing was pulled by Blue Owl Capital, with a major institution possibly stepping in. Amazon reportedly plans over $10 billion for OpenAI; Affirm rose 2% and Baird upgraded Gap to outperform with a $33 target.
Read at 24/7 Wall St.
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