US Stock Market Today: Live Updates 03.05.2026
Rivian shares fell 8.4% to $15.02 after first-quarter results beat expectations, as investors focused on cash
Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs
Vertiv shares hit a 52-week high Friday before closing at $328.31, following a 30% jump in Q1 net sales to $2.65 billion. The company raised its 2026 outlook and recently acquired Strategic
Citigroup Stock’s Big Week: Fitch Turns Positive, and Jane Fraser Gets One More Test
Fitch Ratings revised its outlook on Citigroup to positive, affirming its issuer ratings at A and F1. Citi reported Q1 net income of $5.8 billion on $24.6 billion revenue, with a 13.1% return on tangible common equity. Shares closed Friday at $127.44, valuing the bank at $237.4 billion. Citi said it returned $7.4 billion to shareholders in Q1 through buybacks and dividends.
MP Materials Stock Faces Rare Earth Test as China Supply Signals Shift Before Earnings
MP Materials will report first-quarter earnings on May 7 after market close. China shipped 60 tons of yttrium oxide to the U.S. in March, but annual U.S. imports remain down 75% from a year earlier. MP shares ended Friday at $66.63, valuing the company at $11.7 billion. The firm recently began producing neodymium-iron-boron magnets at its Texas facility.
Realty Income Stock Back In Focus As Vanguard Stake Lands Before Q1 Earnings
Vanguard Capital Management disclosed a 7.49% stake in Realty Income Corp, holding nearly 69.9 million shares as of March 31, according to an SEC filing. Realty Income will report first-quarter results after the NYSE closes on May 6. Shares closed Friday at $63.81, down 0.67%. Vanguard said the holding is not for activist purposes.
Coca-Cola Shareholders Just Sent A Clear Signal On Plastics, DEI And Dividends
Coca-Cola shareholders rejected five investor proposals on sustainability, plastics, diversity, and ingredients at the annual meeting, according to a May 1 filing. Directors were re-elected, executive pay won 90.84% support, and CEO Henrique Braun received 99.84%. The board declared a 53-cent quarterly dividend and named two new executive vice presidents. First-quarter net operating revenue rose 12% to $12.47 billion.
Walmart Ends Self-Checkout At One Store — Why 650 Remodels Could Make Checkout A Bigger Fight
Walmart has removed self-checkout for regular shoppers at its South Philadelphia store, reinstating cashier-led lanes in March. The change, confirmed by a spokesperson, follows feedback from staff and customers and affects only one of five Philadelphia locations. Some self-checkout lanes remain for Spark delivery drivers. Walmart is currently renovating hundreds of U.S. stores.
Eaton Stock Just Hit a Fresh High. Tuesday’s Earnings May Decide What Comes Next
Eaton shares fell 1.7% to $425.55 Friday after hitting a 52-week high of $435.43 during the session. The company reports first-quarter earnings before the NYSE opens on May 5. Investors are focused on whether AI data-center demand can offset weaker industrial and mobility markets. Eaton recently announced a $30 million investment in a new switchgear facility in Nebraska.
The Walt Disney Company’s ABC License Review Puts DIS Stock on Watch Before Earnings
The FCC has ordered Disney’s ABC to file early license renewals for eight major TV stations by May 28, citing possible violations of anti-discrimination rules. FCC Chair Brendan Carr denied White House involvement and said the review concerns diversity practices, not programming. The order comes days before Disney reports quarterly results. Disney shares closed Friday at $103.08.
Constellation Energy Stock Faces Calpine Test After Investors Reject DEI Report Bid
Constellation Energy shareholders rejected a proposal to review the financial risks and returns of its DEI initiatives by 251.5 million votes to 3.0 million, SEC filings show. Investors approved all management proposals, including board nominees and executive pay. The failed DEI measure was submitted by the National Center for Public Policy Research. Constellation shares last closed at $307.81, down 1.7%.
Bloom Energy Stock Holds Near 52-Week High as AI Power Bet Draws Fresh Scrutiny
Bloom Energy shares rose $7.29 to $290.52 Friday after the company raised its 2026 forecast and announced a deal to supply up to 2.45 gigawatts of fuel-cell power to an Oracle-backed New Mexico data center. First-quarter revenue jumped 130% to $751.1 million. Options trading showed increased demand for downside protection. Plug Power and FuelCell Energy lagged, with Bloom emerging as the main fuel-cell play on AI data center growth.
Vistra Stock Faces Earnings Test After New Dividend and JPMorgan Target Cut
Vistra Corp. declared a quarterly dividend totaling about $75 million, with a $0.2290-per-share payout set for June 30. Shares closed at $155.28, down 1.6%, valuing the company at $53.6 billion. Vistra will report first-quarter results May 7. The company’s $4.7 billion Cogentrix acquisition is expected to close later in 2026.
Kraft Heinz Stock Faces New Berkshire Overhang Days Before Q1 Earnings
Berkshire Hathaway reported its Kraft Heinz stake was $1.4 billion below carrying value at March 31 but took no new impairment. Kraft Heinz will report first-quarter results May 6, with analysts expecting earnings of 50 cents per share and $5.89 billion in revenue. Berkshire held 27.5% of Kraft Heinz as of March 31. KHC shares closed Friday at $22.49, down 0.75%.
NextEra Energy Strikes 3,000 MW Arizona Solar Deal as Power Demand Boom Builds
Salt River Project and NextEra Energy Resources agreed to develop 3,000 MW of new solar power in Arizona by 2034, enough to supply about 595,000 homes. Construction will add 500 MW annually from 2029 to 2034. The deal comes as utilities seek new capacity to meet rising demand from data centers and population growth. NextEra has already developed over 1,000 MW for SRP.
BlackBerry Limited’s Hidden QNX Comeback Is Running Inside 275 Million Cars
BlackBerry’s QNX software now runs in over 275 million vehicles and generated $268 million in revenue for fiscal 2026, nearly half the company’s total. The division’s quarterly revenue rose to $78.7 million from $65.8 million a year earlier. BlackBerry posted a $53.2 million profit for the year, reversing a prior loss. QNX faces pressure from larger competitors and open-source alternatives.
Fiserv Stock Gets an AI Payments Twist Before Crucial May 5 Earnings Test
Fiserv has joined the x402 Foundation, aligning with Coinbase, Visa, Mastercard, and Stripe to develop an open standard for automated internet payments, the company said Friday. The announcement comes ahead of Fiserv’s first-quarter earnings report on May 5 and its investor day on May 14. Fiserv shares closed at $62.14, down 0.81%. Analysts expect adjusted earnings of $1.57 per share for the quarter.
Arista Networks Stock Faces AI Earnings Test After Morgan Stanley Target Boost
Morgan Stanley raised its Arista Networks price target to $180 ahead of first-quarter results due May 5. Analysts expect revenue of $2.62 billion and adjusted earnings of 81 cents a share. Arista shares closed at $172.70 on Friday. The company recently launched a 12.8 Tbps optics module aimed at AI data centers.
ON Semiconductor Stock Hits 52-Week High Before May 4 Earnings: Why ON Shares Are in Focus
ON Semiconductor shares closed at a 52-week high of $103.03 on May 1, up 2.2% ahead of first-quarter earnings due May 4. The stock’s rise follows new electric-vehicle partnerships with Geely and NIO, spotlighting its silicon-carbide power chips. Analysts expect adjusted earnings of about $0.62 a share on $1.49 billion revenue. Trading volume exceeded the 50-day average.
RTX Stock Watch: Patriot Missile Work Mounts as U.S. Fast-Tracks $8.6 Billion Arms Sales
RTX Corporation was named a principal contractor in two U.S.-approved Middle East arms deals, part of over $8.6 billion in sales to Qatar, Kuwait, Israel, and the UAE. Raytheon RTX also received a $441.6 million Army contract modification for Patriot GEM-T missiles and an $833 million Navy contract for SeaSparrow missiles. RTX raised its sales outlook and dividend, but faces tariff costs and uncertain contract timing. RTX shares closed Friday at $173.99.
Lumen Technologies (LUMN) Stock Faces May 5 Earnings Test as AI Network Bet Meets Loss Forecast
Lumen Technologies is expected to report a first-quarter loss of 14 cents per share on May 5, with revenue projected at $2.84 billion, down 10.7% from a year ago. The quarter marks Lumen’s first results after selling its consumer fiber business to AT&T for $5.75 billion. Shares closed Friday at $9.32, up $0.475. The company will debut a new revenue reporting framework and discuss results at 5 p.m. ET.
McDonald’s Corporation Stock Slides Before Q1 Earnings as Value Menu Faces Wall Street Test
McDonald’s shares dropped 2.37% Friday, closing at $286.64 and extending losses to over 16% since early March ahead of its May 7 earnings report. Analysts expect first-quarter earnings per share of $2.75 on $6.48 billion revenue. The company will launch six specialty drinks nationwide May 6, following recent U.S. value menu promotions. Trading volume exceeded the 50-day average.
Grab’s Indonesia Shock: Driver-Fee Cap Hits GRAB Stock Days Before Earnings
Indonesia cut the maximum commission for ride-hailing platforms to 8% from 20%, directly affecting Grab and GoTo’s Gojek days before Grab’s earnings report. Drivers must now receive at least 92% of fares, and platforms are required to provide accident and health insurance. Grab and GoTo said they are reviewing the rule and will comply. Grab shares fell 3.9% to $3.67 after the announcement.
Cloudflare’s AI Bet Just Got Bigger Before Earnings. Investors Have One Question
Cloudflare shares jumped 6.1% to $217.50 on Friday after the company launched Dynamic Workflows, a new developer tool aimed at AI and software platforms. The release comes days before Cloudflare’s first-quarter earnings report on May 7. Trading volume was just under 3 million shares. Analysts expect Q1 revenue of about $621 million.
Intel Corporation’s SambaNova AI Bet Clears U.S. Review as INTC Stock Nears $100
U.S. antitrust regulators cleared Intel’s investment in SambaNova Systems, granting early termination for the deal and removing a key regulatory barrier. Intel raised its stake in the AI chip startup to 8.2% with a $35 million investment in February and plans another $15 million. The FTC decision does not endorse Intel’s strategy but ends the pre-closing review. Intel shares last closed at $99.62, up 5.44% on AI demand.
Aeluma Stock Jumps Before Q3 Earnings as ALMU Investors Eye May 13 Test
Aeluma shares jumped 9.6% to $25.58 Friday, valuing the company at $457 million ahead of fiscal Q3 results due May 13. A Reuters/Refinitiv preview expects a loss of 4 cents per share. Trading volume reached 2.3 million shares. The company reported $1.3 million in revenue and an $11-cent loss per share in its previous quarter.
US Stock Market This Week: S&P 500, Nasdaq Hit Records As Earnings Rally Faces Oil Shock Risk
The S&P 500 and Nasdaq closed at record highs Friday, lifted by strong corporate earnings, while the Dow slipped 0.3%. Apple shares rose 3.3% on a solid forecast; Atlassian surged 29.6%. Analysts expect S&P 500 first-quarter earnings to jump 27.8% from a year earlier, with 83% of companies beating profit estimates. Energy stocks lagged as Exxon Mobil and Chevron declined after weaker results.
Oil Prices Are High. The Bigger Shock May Still Be Ahead
Brent crude settled at $108.17 a barrel Friday, down 2%, after Iran proposed new talks with the U.S., but remained well above normal following disruptions in the Strait of Hormuz. The International Energy Agency reported global oil supply fell by 10.1 million barrels per day in March. Some physical crude grades traded near $130 a barrel. Traders are pricing in a prolonged conflict and further price spikes.
Why AXT, Inc. Stock Jumped 21% as AI Wafer Demand Put Its $100 Million Backlog in Focus
AXT, Inc. shares surged 21% to $96.00 after the company reported Q1 revenue of $26.9 million, up from $19.4 million, and narrowed its net loss to $1.6 million. The company raised $82.5 million through a share sale to fund indium phosphide wafer capacity expansion. InP backlog topped $100 million, but executives warned export permit delays could affect future sales.
Paramount Skydance Stock Jumps After Wall Street’s ‘Riskiest’ Upgrade as Warner Bros Deal Hits New Fight
Paramount Skydance shares rose 8.3% to $11.09 Friday after Morgan Stanley double-upgraded the stock, citing the pending $110 billion Warner Bros. Discovery takeover. The move comes ahead of Paramount’s May 4 earnings and follows a consumer lawsuit seeking to block the deal. The merger still faces regulatory review, litigation, and scrutiny over foreign investment.
Workday Inc. Sets May 21 Earnings Date: Why Its AI Bet Faces a Crucial Test
Workday will report fiscal 2027 first-quarter results after markets close on May 21. The company previously forecast first-quarter subscription revenue of $2.335 billion, up 13%. Shares closed Friday at $126.96, up 3.73%, amid ongoing pressure from AI competition and investor concerns over growth. CEO Aneel Bhusri returned in February as the firm pushes new AI-driven products.
Clorox Stock Sinks After Outlook Cut: Why the Bleach Maker’s Profit Squeeze Isn’t Over
Clorox lowered its fiscal 2026 adjusted earnings forecast to $5.45–$5.65 per share, down from $5.95–$6.30, citing higher costs and slower recovery in some categories. Shares dropped 9.7% to $87.11 Friday. Net sales for the third quarter were $1.67 billion, nearly flat year-over-year. The GOJO acquisition is expected to dilute adjusted earnings by 2 to 4 cents per share.
monday.com Stock Jumps Before May 11 Double Test: Earnings, Lawsuit Deadline
monday.com shares jumped about 10% Friday to $72.74, valuing the company at $3.56 billion, ahead of its May 11 earnings report and a key class-action lawsuit deadline. The lawsuit alleges monday.com misled investors on revenue outlook between September 2025 and February 2026. The company’s February guidance cut forecast 2026 growth at 18–19%, down from 27% in 2025. Larger customers drove growth, but small-business demand remained weak.
Amkor Technology’s $1 Billion Zero-Interest Debt Deal Puts Its AI Chip Packaging Push in Focus
Amkor Technology priced $1 billion in 0.00% convertible senior notes due 2031, aiming to fund advanced semiconductor packaging expansion and capital spending. The notes, convertible at a 52.5% premium to recent share prices, are set to settle May 5. Amkor expects net proceeds of $981.7 million, or up to $1.13 billion if an option is exercised. The company’s Peoria, Arizona, campus could reach $7 billion in total investment.
American International Group Stock Jumps: Why AIG’s Profit Surge and Private-Credit Pullback Matter Now
AIG shares rose 5.3% to $78.77 after reporting quarterly adjusted after-tax income of $1.15 billion, up from $702 million a year earlier. The insurer slowed private-credit deployment, with direct lending exposure at $1.2 billion. General Insurance underwriting income more than tripled to $774 million, and the board raised the dividend 11% to 50 cents a share. Eric Andersen will become CEO on June 1.
Frontier Group Holdings, Inc. Seizes Spirit Airlines Fallout With Rescue Fares Ahead of Earnings
Frontier Airlines is offering up to 50% off base fares and a $199 summer pass after Spirit Airlines canceled all flights and began winding down operations. Frontier shares jumped 10% Friday as the carrier announced plans to add routes in former Spirit markets. Spirit told customers not to go to airports and promised automatic refunds. United and Southwest also rolled out limited fare caps for stranded Spirit travelers.
Bill Ackman’s Pershing Square IPO Is Back Above Water After Rocky NYSE Debut
Pershing Square Inc. shares rose to $37.99 Friday, lifting the combined IPO package for Pershing Square USA buyers above the $50 offer price after a volatile debut. The $5 billion closed-end fund and its companion stock began trading April 29 on the NYSE. Ackman attributed the rocky start to retail investor selling, later clarifying his remarks. He reported buying both securities in the open market.