Stock Market Live January 9, 2026: S&P 500 (SPY) Gaining Momentum on Fed Cut Hopes

The rollercoaster ride continues.

This morning, the S&P 500 is up 17 points. The SPDR S&P 500 (SPY) is up $2.55. The Dow is up about 100 points, as the tech-heavy Nasdaq tacks on 68 points.

Most of these gains are attributed to speculation that job gains could prompt the Federal Reserve to lower interest rates. That was after the December jobs report showed slight weakening, but a stable jobs market that could push the Fed to cut again. Per the latest payroll data, nonfarm payrolls grew 50,000 in December, which was less than the 73,000 expected by analysts.

All Eyes on the U.S. Supreme Court

We’re also waiting for a potential Supreme Court ruling on the legality of tariffs, which could have a substantial impact on trade policy and our fiscal situation.

At the core of the decision, the court will address whether the Trump Administration can use provisions under the International Emergency Economic Powers Act to use the tariffs. And if it is now, will the U.S. have to reimburse tariffs already paid?

Nuclear Energy Stocks Soar on Meta Plans

Meta unveiled agreements to secure about 6.6 GW of nuclear power by 2035 for its data centers. One of those deals was with Vistra Energy (NYSE: VST), which will provide electricity from three existing nuclear power plants.

VST is up $24.56 in premarket on the news.

“At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation. By supporting nuclear power, we ensure that our operations – and the communities we serve – benefit from energy solutions that drive both technological progress and economic growth,” said Urvi Parekh, Head of Global Energy at Meta, as quoted in a press release. 

Meta and Oklo (NYSE: OKLO) also have plans to develop a 1.2 GW power campus in Pike County, Ohio, to support Meta’s data centers. “The agreement provides a mechanism for Meta to prepay for power and provide funding to advance project certainty for Oklo’s Aurora powerhouse deployment,” added the press release.

OKLO is up $17 in premarket on the news. 

Intel Running on Positive Trump Mention 

Shares of Intel (NASDAQ: INTC) are up about $1.05 this morning.

All after President Trump praised the tech giant on social media. “I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan,” Trump said on Truth Social.

“The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People — IN JUST FOUR MONTHS,” Trump wrote. “We made a GREAT Deal, and so did Intel. Our Country is determined to bring leading edge Chip Manufacturing back to America, and that is exactly what is happening!!!”