FAA reopens El Paso airspace, Unity stock plunges on AI fears

00:05 Speaker A

It’s time for Yahoo Finance’s market minute.

00:06 Speaker A

US stocks are wavering following a strong reading on the labor market.

00:09 Speaker A

The January jobs report showed 130,000 jobs were added last month, double what Wall Street was expecting.

00:14 Speaker A

The surprise report has investors betting the Federal Reserve will hold rates steady in the near term.

00:18 Speaker A

Meanwhile, the FAA has lifted the temporary closure of airspace over El Paso.

00:23 Speaker A

The Federal Aviation Administration suspended all flights into and out of the city beginning late last night.

00:28 Speaker A

Originally, the FAA closed the airspace for 10 days, citing special security reasons.

00:32 Speaker A

And shares of Unity software are plunging after the company’s first quarter forecast came in weaker than expected.

00:38 Speaker A

Investors are also concerned about potential disruption from Alphabet’s Genie AI tool on the company and the gaming industry more broadly.

00:44 Speaker A

And that’s your Yahoo Finance Market Minute.

00:46 Speaker A

For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks at the trading session.