11:51 AM EST, 02/24/2025 (MT Newswires) -- The S&P 500 Index was edging higher and the Nasdaq Composite was down in late-morning trading Monday, as markets look to bounce back from Friday's dramatic sell-off.

In company news, Apple ( AAPL ) said Monday it plans to invest more than $500 billion in the US over the next four years, including for an artificial intelligence server factory in Texas. The tech giant plans to open a 250,000-square-foot manufacturing plant in Houston in 2026 that will produce servers for its AI features, dubbed as Apple Intelligence. The facility is slated to create "thousands of jobs," the company said. Apple ( AAPL ) shares were up 1.1% near noon.

Apollo Global Management ( APO ) said it is buying real estate investment firm Bridge Investment Group ( BRDG ) for roughly $1.5 billion in stock. Bridge, which will become a private company after the deal closes, will operate as a standalone platform within Apollo and retain its management team, according to the company. Apollo shares were down 1.3%, while those of Bridge were up 37%.

Starbucks ( SBUX ) is cutting 1,100 corporate positions, or about 7% of the global employee base working outside of company-owned stores, the company said Monday. Workers who are losing their jobs will be notified Tuesday, the company said. Starbucks ( SBUX ) shares were up 1.8%.

Blackstone's (BX) Blackstone Infrastructure has agreed to buy the Safe Harbor Marinas business from Sun Communities ( SUI ) for $5.65 billion, the companies said Monday. Preliminary deal completion is expected in Q2, Sun Communities ( SUI ) said. Blackstone shares were down 0.1%, while those of Sun Communities ( SUI ) were up 6.8%.

Robinhood Markets ( HOOD ) said Monday that the US Securities and Exchange Commission officially closed its investigation into Robinhood Crypto and does not intend to move forward with an enforcement action. Robinhood shares were down 3.7%.

JPMorgan Chase ( JPM ) said Monday it is committing $50 billion from its balance sheet, along with nearly $15 billion toward its private-credit deals. The move is intended to help extend its direct-lending capabilities, the lender said. JPMorgan ( JPM ) shares were down 1%.

Price: 247.95, Change: +2.39, Percent Change: +0.98