Today: 7 February 2026
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Fortescue share price: What to watch after iron ore slips below $100 and Cyclone Mitchell shuts Pilbara ports
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7 February 2026
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Fortescue share price: What to watch after iron ore slips below $100 and Cyclone Mitchell shuts Pilbara ports

Fortescue shares fell 1.16% to A$21.23 Friday as iron ore futures slipped below $100 a ton in Singapore. Pilbara Ports shut Port Hedland and other terminals ahead of cyclone Mitchell, threatening export disruption for miners. The ASX 200 dropped nearly 2% amid broad selling. Trading resumes Monday.
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PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land
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PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land

PLS Group shares closed at A$4.12 Friday, down 1.2% after a 3.7% drop Thursday. Morgan Stanley and Mitsubishi UFJ Financial Group disclosed increased voting power in the lithium miner, both citing changes dated Feb. 2. The moves came as lithium prices fell and Australian equities posted their sharpest drop in months. PLS reports interim results Feb. 19.
7 February 2026
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Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank of Australia shares closed at A$158.91, down 0.23% Friday, as the S&P/ASX 200 fell 2.03% and nearly A$70 billion was wiped from the market. The bank reports half-year results and an interim dividend on Feb. 11, with shares going ex-dividend Feb. 18. CBA flagged a A$68 million provision linked to ASIC’s Better Banking review. The RBA raised rates to 3.85% on Feb. 3, with CBA passing on the increase from Feb. 13.
7 February 2026
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NAB share price drops as ASX selloff spooks bank stocks — what to watch before Monday

NAB share price drops as ASX selloff spooks bank stocks — what to watch before Monday

NAB shares fell 1.57% to A$43.36 as Australian stocks slumped Friday, with the ASX 200 down 2% and all sectors in the red. The bank will raise variable home loan rates by 25 basis points from Feb. 13 after the RBA’s latest hike. Investors await NAB’s first-quarter update on Feb. 18 for signs of stress in margins and credit.
7 February 2026
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CSL share price in focus after ASX sell-off: what investors watch before Feb 11 results

CSL share price in focus after ASX sell-off: what investors watch before Feb 11 results

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7 February 2026
CSL Limited shares closed down 0.4% at A$180.50 Friday as the S&P/ASX 200 dropped 2.03% to 8,708.80. CSL will report half-year results and announce its interim dividend on Feb. 11, with the stock set to trade ex-dividend March 10. A filing showed 59,992 CSL conditional rights lapsed this week. The company’s market value stands near A$87 billion, down about a third in the past year.
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WiseTech Global share price slides to A$47.60 as AI fears batter ASX tech — what to watch next

WiseTech Global share price slides to A$47.60 as AI fears batter ASX tech — what to watch next

WiseTech Global shares fell 4.6% to A$47.60 Friday, with turnover at 3.61 million shares, amid a broader selloff in software stocks. The S&P/ASX 200 dropped 2.03%, its worst session since November, and WiseTech is down 28.7% for the month. U.S. software stocks have lost about $1 trillion since Jan. 28. WiseTech’s half-year results are due Feb. 25.
7 February 2026
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Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

Macquarie Group shares fell 2.17% to A$207.83 Friday, marking a third straight decline as the ASX 200 slid 2%. Australia’s regulator trimmed liquidity requirements for Macquarie Bank after improvements in controls. Macquarie Asset Management announced two UK utility deals, including full ownership of Last Mile Infrastructure and the purchase of Energy Assets Group. Investors await Tuesday’s operational briefing.
7 February 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 1:30 AM EST SRM Contractors (NSE:SRM) Posts Strong 24% ROE Despite 31% Stock Drop February 7, 2026, 1:22 AM EST. SRM Contractors' stock has fallen 31% in three months, but its **Return on Equity (ROE)** reveals promising financial health. The company posted a robust 24% ROE, significantly above the 13% industry average, indicating effective profitability and shareholder value growth. Over the past five years, SRM Contractors achieved a 34% net income growth, closely matching the industry's 36%, supported by a low payout ratio and efficient management. Investors might
7 February 2026
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Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
7 February 2026
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Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

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7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
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Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

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7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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Intuit stock rises 2% as ChatGPT apps go live; investors eye jobs data and Feb. 26 earnings

Intuit stock rises 2% as ChatGPT apps go live; investors eye jobs data and Feb. 26 earnings

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7 February 2026
Intuit shares rose 2.04% to $443.77 Friday, still 45% below their July peak. The company said TurboTax, QuickBooks, Credit Karma, and Mailchimp are now available inside ChatGPT for U.S. users. Investors await U.S. jobs and inflation data next week and Intuit’s fiscal Q2 results on Feb. 26.
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Procter & Gamble stock price holds near $159 as defensive rotation builds ahead of jobs, CPI

Procter & Gamble stock price holds near $159 as defensive rotation builds ahead of jobs, CPI

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7 February 2026
Procter & Gamble shares closed up 0.4% at $159.17 Friday, extending a seven-day winning streak as consumer staples hit a record high. Investors shifted from tech to defensive stocks ahead of next week’s U.S. jobs and inflation data. The Dow topped 50,000 and the S&P 500 surged. P&G’s next dividend is payable Feb. 17.
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Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

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7 February 2026
Carvana shares rose 5.21% Friday to $403.67, rebounding after recent volatility sparked by a short-seller report from Gotham City Research. The company denied allegations of overstated earnings and undisclosed ties to DriveTime. Carvana will report Q4 and full-year 2025 results after markets close on Feb. 18. The January U.S. CPI report is scheduled for Feb. 13.
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Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

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7 February 2026
Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
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BitMine Immersion (BMNR) stock whipsaws with ether — what to watch before Monday

BitMine Immersion (BMNR) stock whipsaws with ether — what to watch before Monday

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7 February 2026
BitMine Immersion Technologies shares rose 16.8% to $20.32 Friday after a 14.3% drop Thursday, tracking sharp swings in ether and bitcoin. Trading volume hit 54 million shares. The company held over 4.2 million ether and 193 bitcoin as of Feb. 1, with nearly 2.9 million ether staked, according to an SEC filing. Crypto price moves over the weekend are expected to drive Monday’s open.
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Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

Verizon stock price snaps 7-day run as consumer chief exit sharpens focus on turnaround

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7 February 2026
Verizon shares fell 1.7% to $46.31 Friday, ending a seven-session rally and closing about 2.7% below Thursday’s one-year high. The dip follows news that consumer chief Sowmyanarayan Sampath will step down, with Alfonso Villanueva named interim head. Verizon has climbed 16% since January 29 amid strong subscriber growth and a $25 billion buyback plan.
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Cisco stock jumps 3% near $85 as UBS sticks with Buy ahead of Feb. 11 earnings

Cisco stock jumps 3% near $85 as UBS sticks with Buy ahead of Feb. 11 earnings

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7 February 2026
Cisco shares rose 3% to $84.82 Friday, nearing $85 ahead of fiscal Q2 results due Feb. 11. UBS maintained a Buy rating and $90 target, citing strong product order growth and data-center demand. Investors are watching AI-related spending and U.S. economic data that could affect rates. Peers Fortinet, CrowdStrike, and Palo Alto Networks also gained.
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Coherent stock whiplash: COHR jumps after earnings drop — what to watch next week

Coherent stock whiplash: COHR jumps after earnings drop — what to watch next week

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7 February 2026
Coherent Corp shares jumped 8.8% to $227.68 Friday, rebounding after a two-day slide following its quarterly results. The company reported December-quarter revenue of $1.69 billion and non-GAAP earnings of $1.29 a share, with datacenter and communications driving 72% of sales. Barclays, Stifel, and JPMorgan raised price targets to $235–$245. FMR LLC disclosed a 15% stake as of Dec. 31.
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Boeing stock climbs on India’s $70–80 billion aircraft pledge as Saudia talks keep demand in focus

Boeing stock climbs on India’s $70–80 billion aircraft pledge as Saudia talks keep demand in focus

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7 February 2026
Boeing shares rose 2.6% to $243.03 Friday after India announced plans to buy $70–80 billion in Boeing aircraft as part of a U.S. trade deal expected in March. Saudia is reportedly in early talks to purchase at least 150 jets. Supply-chain issues continue to delay deliveries for both Boeing and Airbus.
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Palo Alto Networks stock snaps back after sharp slide as NextWave overhaul lands before earnings

Palo Alto Networks stock snaps back after sharp slide as NextWave overhaul lands before earnings

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7 February 2026
Palo Alto Networks shares closed up 2.9% at $159.32 on Friday, recovering part of Thursday’s 7.2% drop. The company announced a revamped NextWave partner program focused on bundled security platforms. Software stocks rebounded with the broader market after heavy losses earlier in the week. Investors await Palo Alto’s Feb. 17 earnings for signs of demand and margins.
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MPWR stock jumps to a new high: what to know after Monolithic Power Systems’ upbeat outlook

MPWR stock jumps to a new high: what to know after Monolithic Power Systems’ upbeat outlook

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7 February 2026
Monolithic Power Systems shares jumped 6.4% to $1,229.82, hitting a 52-week high after reporting Q4 revenue of $751.2 million and raising its dividend to $2.00 per share. The company forecast March-quarter revenue of $770–$790 million and announced CFO Bernie Blegen will retire, with Rob Dean as interim CFO. Needham raised its price target to $1,300.
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Nebius (NBIS) stock jumps 16% into weekend as AI trade whipsaws; earnings next week in focus

Nebius (NBIS) stock jumps 16% into weekend as AI trade whipsaws; earnings next week in focus

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7 February 2026
Nebius shares jumped 16.6% to $86.10 on Friday, rebounding from a 10.3% drop Thursday. The company will report fourth-quarter and full-year 2025 results before the market opens on Feb. 12. U.S. jobs and inflation data are due next week after a delay from a government shutdown. Recent swings in Nebius stock followed volatility in AI-linked tech names after Alphabet’s spending update.
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GE Aerospace stock price jumps on dividend hike as Wall Street rally sets up week-ahead test

GE Aerospace stock price jumps on dividend hike as Wall Street rally sets up week-ahead test

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7 February 2026
GE Aerospace shares jumped 4.7% Friday to $321 after the company raised its quarterly dividend to $0.47 per share, up 31% from the previous payout. Trading volume topped 5.7 million shares, above the 50-day average. U.S. markets reopen Monday, with investors awaiting delayed jobs and inflation data later in the week.
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Constellation Energy stock jumps nearly 6% — what to watch next week for CEG

Constellation Energy stock jumps nearly 6% — what to watch next week for CEG

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7 February 2026
Constellation Energy shares jumped 5.8% to $261.42 Friday, snapping a seven-day losing streak amid heavy trading in short-dated $260 call options. The stock remains 37% below its 52-week high. Attention is turning to mid-February earnings and U.S. nuclear policy changes after the NRC announced plans to speed reactor licensing.
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AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

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7 February 2026
AST SpaceMobile shares jumped 9.1% to $101.79 Friday after a volatile week, with 15.9 million shares traded. AT&T said it will use Amazon Leo’s satellite network to reach business customers outside its terrestrial footprint but stated this will not affect its partnership with AST. A new 2x short ETF tied to ASTS, ticker ASTN, began trading on Cboe. AST’s next “BlueBird 7” satellite launch is set for late February on Blue Origin’s New Glenn.
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Chevron stock near $181 as leadership shake-up, Lukoil deadline and Iran risk set up Monday

Chevron stock near $181 as leadership shake-up, Lukoil deadline and Iran risk set up Monday

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7 February 2026
Chevron shares rose 0.9% to $180.86 Friday after announcing senior management changes and signing a cooperation pact with Turkey’s state oil company. The stock closed just below early-February highs as investors watched U.S.-Iran tensions and a Feb. 28 Lukoil sanctions deadline. Volume reached 9.9 million shares.
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Costco stock price closes above $1,000 as January sales jump; what COST investors watch next

Costco stock price closes above $1,000 as January sales jump; what COST investors watch next

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7 February 2026
Costco shares closed up 1.2% at $1,001.16 Friday after reporting January net sales rose 9.3% to $21.33 billion and digital sales jumped 34.4%. Analysts remain divided on whether the sales strength will continue in February. The company’s next update is set for March 5. Costco will pay a $1.30 per share dividend on Feb. 13.
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Super Micro (SMCI) stock jumps, but SEC filing flags margin squeeze and customer concentration

Super Micro (SMCI) stock jumps, but SEC filing flags margin squeeze and customer concentration

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7 February 2026
Super Micro Computer shares jumped 11.4% to $34.38 Friday, then slipped 0.9% after hours. Quarterly sales rose 123% to $12.68 billion, but gross margin dropped to 6.3%. Tariff costs, inventory write-downs, and dependence on a single customer weighed on results. The company disclosed an SEC subpoena and a March 12 court date in a securities case.
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MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

MRVL stock jumps as Marvell filing clears 24.2 million Celestial AI shares for resale

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7 February 2026
Marvell Technology shares jumped 8.2% to $80.28 Friday, with 22.6 million shares traded, after filing to register over 24 million shares for resale linked to its Celestial AI acquisition. Marvell will not receive proceeds from the resale. The company completed the $1 billion deal this week, adding about 27 million diluted shares outstanding. Chip stocks rebounded as investors bet on strong AI-driven demand.
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Snowflake stock rebounds 7% after AI-software jitters; SNOW earnings next big test

Snowflake stock rebounds 7% after AI-software jitters; SNOW earnings next big test

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7 February 2026
Snowflake shares jumped 7.5% to $168.43 on Friday, recovering part of a three-day slide that saw the stock drop from $190.68 to $156.71. The rebound follows the company’s move to offer Anthropic’s Claude Opus 4.6 on its Cortex AI platform. Investors are watching for Snowflake’s quarterly results on Feb. 25 amid ongoing volatility in software stocks.
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