Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.

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Good morning. Today is Wednesday, January 18th, and I'm your host Julie Morgan.

Our top stories.

Microsoft may be cutting more jobs.

Form files for a proposed 18 million dollar IPO.

Moderna's R. S. Vexine shows promise.

Apple is planning a cheaper mixed reality headset.

Wyoming legislators propose an EV ban.

Elon Musk is back in court and the crypto sector is in our day watch.

A holiday shortened week got off to a choppy start on Tuesday with the major averages finishing the session with a mixed performance.

The NASDAQ closed up 0.1%. The S&P 500 finished down 0.2% and the Dow ended down 1.1%.

Earnings related drops in Goldman Sachs and travelers weighed on the blue chip average. Six of the 11 S&P sectors

ended the day lower. Materials dropped by 1.1%. However, none of the other market

segments moved more than 1% in either direction.

Infotech was the best performing group recording a modest advance.

Looking at the fixed income market, trading was also mixed.

The 10-year Treasury yield advanced 3 basis points to 3.54%.

The 2-year yield declined 4 basis points to 4.2%. In the earning spotlight today, Charles Schwab, PNC Financial, Discover Financial, and Kinder

Morgan.

In Our Day Watch is a sector in focus.

Bitcoin edged higher again in Tuesday's trading, holding gains posted late last week.

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