Today: 7 July 2026
Oracle stock drops as AI backlog gap grows and ORCL loses ground to cloud rivals
7 July 2026

Oracle stock drops as AI backlog gap grows and ORCL loses ground to cloud rivals

Oracle Corporation dropped Tuesday, paring Monday’s gains. The stock looked more like a debt-heavy AI infrastructure play than its usual image as a software company with a giant backlog. The main point isn't the drop on the day. It’s the market discount. Oracle’s market cap was about $410.8 billion based on the latest quote, but its remaining performance obligations at the end of fiscal 2026 sat at $638 billion. So the market put Oracle at roughly 64 cents for each $1 of reported RPO. RPO isn’t profit and it’s not this year’s revenue. The ratio just shows how much investors are still holding back to cover risk and big spending tied to the AI contract surge.
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T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

7 July 2026
T1 Energy Inc. dropped hard in midday New York trading on Tuesday. The move comes two days ahead of public warrants expiring from the NYSE. U.S. markets were running normal hours; per the NYSE’s 2026 holiday calendar, Independence Day closure was July 3. Shares started the day at $8.38, climbed to $8.71 early on, and hit a low of $7.165. Market data showed volume at 25.4 million shares on the latest tick.
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UiPath (NYSE:PATH) bounce up against ARR hurdle after short week

UiPath stock rises ahead of open with ARR miss leaving H2 to prove itself

UiPath, Inc. traded higher before the bell Tuesday. The automation software firm is up 0.85% to $11.93 at 7:01 a.m. EDT, according to MarketWatch, after closing Monday at $11.83. Volume hit 69.8 million on Monday, running 179% of the 65-day average. The focus now is if UiPath can turn a steady July-quarter ARR outlook into better growth in the back half. NYSE hadn’t started regular trading at the time of the dateline. The exchange sets its main session from 9:30 a.m. to 4 p.m. ET. According to its 2026 holiday calendar, July 3 is listed as the Independence Day market holiday, not July 7.
7 July 2026
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Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas stock gains after DZYNE deal, share supply in focus

Ondas Inc. goes into Tuesday’s pre-market with the focus more on how soon the new shares will be available, not just the size of the DZYNE Technologies acquisition the company just did with stock. The stock finished Monday at $7.82, up 5.53%. The S&P 500 gained 0.72%. Volume came in at 73.39 million shares, beating the 65-day average of 68.20 million. In pre-market trade Tuesday, the stock was at $7.8399 at 7:01 a.m. EDT. FactSet data from WSJ put short interest at 167.52 million shares, or 32.70% of the float.
7 July 2026
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Nasdaq climbs as AI trading contracts offset Dow weakness

Nasdaq futures weaker vs. Dow as chip shares slip ahead of Fed minutes

U.S. stock futures were mixed early Tuesday, with Nasdaq contracts falling and the Dow and Russell futures higher. Around 5:50 a.m. EDT, Dow Jones E-minis gained 122 points, or 0.23%. S&P 500 E-minis slipped 10.75 points, or 0.14%, while Nasdaq 100 E-minis lost 311.25 points, or 1.04%. Russell 2000 futures added 4.6 points, or 0.15%. Premarket cash trading was still going at the time of the report. Nasdaq shows July 3, not July 7, as the market's 2026 Independence Day close, with regular hours set for 9:30 a.m. to 4:00 p.m. Eastern.
7 July 2026
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T1 Energy (NYSE:TE) shares stick below $11.50 as warrant expiration nears

T1 Energy (NYSE:TE) shares stick below $11.50 as warrant expiration nears

T1 Energy Inc. closed at $8.65 on Monday, up 1.0%. But the main focus is the gap to the $11.50 warrant strike. Shares have to jump 32.9% from here to hit the exercise price before warrants expire this Thursday. T1 said in a June 29 filing it had around 14.8 million public warrants and 9.8 million private warrants outstanding at March 31. The public warrants are set to stop trading on the New York Stock Exchange before the open on July 9. T1’s common stock keeps trading under TE.
7 July 2026
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Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

MEDFORD, Oregon, July 6, 2026, 15:07 PDT Rogue Fare LLC, which runs five Mountain Mike’s Pizza outlets in southern Oregon, filed for Chapter 11 bankruptcy on July 1. The Medford company listed debts, putting a number to a chunk of the pizza business that isn’t public but still matters to lenders, vendors, and public competitors. Rogue Fare’s stores are in Klamath Falls, Grants Pass, Roseburg and two Medford spots, according to court papers and state records cited in reports.
7 July 2026
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SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

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6 July 2026
SoundHound AI, Inc. jumped 6.26% to finish at $6.96 Monday. Volume hit 28.69 million shares, sitting a bit above its 65-day average. That move outpaced late-session gains in Invesco QQQ Trust and iShares Russell 2000 ETF, up 1.7% and 0.6% before the close. Trading resumed after Nasdaq’s July 3 Independence Day holiday. $7 is the key level here. On July 2, SoundHound said in a filing that the LivePerson, Inc. stock component will use a 10-day Nasdaq VWAP ending three trading days before close. But there’s a floor at $7 on SoundHound’s stock in the formula, and a cap at $12.
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Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

The Dow Jones Industrial Average closed above 53,000 for the first time on Monday, a record finish that looked stronger in the index than it did under the tape. The Dow ended at 53,056.80, up 156.73 points, or 0.30%, after a 52,648.69-to-53,060.10 range. The S&P 500 closed at 7,537.48, up 54.24 points, or 0.72%; the Nasdaq Composite rose 1.12%. The useful number was not just 53,000. It was 408.11 points, the Dow’s rebound from its session low to the close. Earlier, the Dow had been down 251 points, and only 12 of its 30 stocks were rising, according to Dow Jones Market Data cited by MarketWatch. S&P 500 decliners outnumbered advancers by 1.3-to-1 in Reuters’ midday market update.
6 July 2026
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Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

Lemonade, Inc. climbed 8.4% to $77.50 by early afternoon in New York. The exchange was open, having marked Independence Day on Friday, July 3. Regular core hours are 9:30 a.m. to 4 p.m. ET, according to the New York Stock Exchange. The move outpaced the broader market. SPDR S&P 500 ETF Trust, Financial Select Sector SPDR Fund and iShares Russell 2000 ETF each gained under 1%. SPDR S&P Insurance ETF slipped 0.5%.
6 July 2026
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Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation Inc. shares rose early Monday afternoon, but the bigger question for investors was what happens to the stock’s gains after factoring in dilution now that the electric aircraft company is more involved in Russell value indexes. Shares were at $5.31, up 6.6% as of 1:46 p.m. EDT, with volume of 24.1 million and market cap near $4.1 billion. Joby Aviation Inc. climbed 7.0% to $9.09. Invesco QQQ Trust was up 1.3%. iShares Russell 2000 Value ETF added 0.3%.
6 July 2026
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Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group N.V. rose Monday. Investors watched the spread between shares at $219.05 and recent insider tax-sale filings posted at $235.45. The average Google Finance target is showing $237.38. Shares traded up 1.6% at 12:52 p.m. EDT, volume near 9.7 million. CoreWeave, seen as the closest public peer in the AI cloud infrastructure space, was up 6.5%. Meta Platforms added 1.6%. Microsoft slipped 1.4%.
6 July 2026
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Netflix spread grows as Q2 revenue target stays tight

Netflix spread grows as Q2 revenue target stays tight

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6 July 2026
Netflix, Inc. dropped 1.7% to $76.31 around midday Monday, moving lower even as tech traded stronger after the Independence Day break. The Nasdaq 2026 calendar listed U.S. markets closed on July 3 for the holiday, and Monday’s regular session ran from 9:30 a.m. to 4 p.m. Eastern. For investors, the real story isn’t the pullback. It’s how close Netflix’s numbers are to Wall Street’s goals. Analysts on Investing.com put Q2 revenue at $12.58 billion, while Netflix guides for $12.574 billion. That’s about a $6 million difference, less than one-tenth of 1%.
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Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

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6 July 2026
Amazon.com, Inc. slipped at the open Monday on the Nasdaq, bucking gains in the tech sector as Wall Street opened up after being shut for the July 3 Independence Day holiday. The Nasdaq Composite gained 0.65% when markets opened. Invesco QQQ Trust Series 1 showed a 1.3% advance in the latest quote. Nasdaq regular hours run from 9:30 a.m. to 4 p.m. ET. Latest available quotes pointed to mixed action:
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Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

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6 July 2026
Oracle Corporation shares looked ready to bounce in premarket trading on Monday. Still, the main question for investors is whether Wall Street will keep backing a company with a backlog much bigger than its market cap. The New York Stock Exchange says Friday, July 3, will be its Independence Day holiday in 2026. Trading will resume Monday. Oracle finished the last session at $140.27, down 1.56%. Investing.com quoted Oracle at $143.93 premarket at 08:52:54, up 2.61%.
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AMD (NASDAQ:AMD) edges lower as market looks at $1 trillion CPU potential

AMD stock rebound weighs on AI premium after Nvidia delay chatter

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6 July 2026
Advanced Micro Devices Inc. traded at $530.64 in premarket at 04:46 ET, showing a 2.47% uptick from its $517.82 close in the last session, per Investing.com. The stock had dropped 4.26% in regular hours. The premarket rebound clawed back $12.82 of a $23.06 slide, or about 56%, but AMD was still $10.24 below its previous close using this calculation. The cash market hadn’t opened yet. For 2026, NYSE’s official calendar shows Friday, July 3 as the Independence Day holiday. Regular trading is scheduled for 9:30 a.m. to 4:00 p.m. ET.
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Vera Therapeutics (NASDAQ:VERA) stock up; Trutakna approval shifts attention to Q3 kidney data

Vera Therapeutics (NASDAQ:VERA) stock up; Trutakna approval shifts attention to Q3 kidney data

Vera Therapeutics, Inc. finished up 7.05% at $42.96 on Tuesday after U.S. regulators approved Trutakna. The bigger investor focus was on the size of the bid. With 71.78 million shares outstanding from Google Finance and a $2.83 move on the day, that comes out to roughly $203 million more in equity value added. That’s around a third of Vera’s last reported cash, and not a big reset for a $3.08 billion biotech that’s now swapped FDA risk for launch risk. Vera shares jumped 6% Monday, ahead of its July 7 PDUFA date, Investing.com said. The stock closed Tuesday still down about 23% from the 52-week high of $56.04 but up about 125% from the 52-week low of $19.07.
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07 Jul
Caterpillar hit sends Dow under 53,000 after close

Caterpillar hit sends Dow under 53,000 after close

Dow slips Tuesday, giving up a fresh intraday high as Caterpillar weighed on the 30-stock average. The Dow closed at 52,924.56, down 131.35 points, or 0.25%. It opened at 53,104.06 and hit a session high at 53,289.30. Last close was 53,055.91. The Dow didn’t match what was happening with most stocks. S&P Dow Jones Indices says the Dow is a price-weighted index of 30 big U.S. companies, which means a stock with a higher price can have more impact on the index than a bigger company with a cheaper stock.
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07 Jul
US stocks edge lower as chip stocks slip after Samsung warning

US stocks edge lower as chip stocks slip after Samsung warning

U.S. stocks closed lower Tuesday, dragged by a 4.4% slide in the PHLX semiconductor index that weighed on both the S&P 500 and Nasdaq. Most S&P 500 sectors actually rose, and advancers outpaced decliners by 1.4-to-1 within the benchmark index. The session had the feel of a rotation out of AI names rather than a broad drop for equities. Samsung Electronics said it expects second-quarter sales around 171 trillion won and operating profit near 89.4 trillion won. Even with those big numbers, chip buyers didn’t stick around. Micron Technology lost more than 5% and SanDisk slid almost 8%.
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07 Jul
Sky Quarry (NASDAQ:SKYQ) spikes with trading volume four times market cap ahead of Nevada restart

Sky Quarry (NASDAQ:SKYQ) spikes with trading volume four times market cap ahead of Nevada restart

Sky Quarry Inc. surged Tuesday, with trading volume far outpacing the company’s size. Shares were up 26.9% at $2.69 as of 2:55 p.m. EDT. The stock traded in a range from $2.035 to $2.83. Around 21.3 million shares changed hands at last check, totaling about $57.2 million—roughly 4.5 times its $12.8 million market cap. The stock set itself apart from other oil names today, trading with enough volume that it looks like fast money is trying to see if Sky Quarry’s Nevada plant restart is enough to overcome a weak Q1 and a thin balance sheet.
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07 Jul
Bandwidth shares jump, BAND nears note trigger ahead of Q2 report

Bandwidth shares jump, BAND nears note trigger ahead of Q2 report

Bandwidth Inc. climbed over 12% on Tuesday, easily outpacing the broader U.S. indexes, which traded lower. That move also brought fresh focus to the stock’s spot near the conversion price for a hefty convertible note offering from June. Bandwidth was last seen at $68.09, up $7.42. Volume reached 1.14 million shares. The stock hit $68.97 at its session high, staying about 5% under the $72.64 initial conversion price for the 0% notes due 2032.
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07 Jul
Agios Pharmaceuticals (NASDAQ:AGIO) pops as FDA review moves price above average target

Agios Pharmaceuticals (NASDAQ:AGIO) pops as FDA review moves price above average target

Agios Pharmaceuticals soared Tuesday after the FDA granted its sickle-cell disease application priority review. Shares pushed through the average Wall Street price target before any official FDA decision. Agios traded at $42.95, 9.2% higher than Google Finance’s $39.33 average 12-month target. Shares were also 34.2% over RBC Capital’s $32 target, which TradingView, via The Fly, said RBC just raised from $28. BofA has a $46 target, leaving about 7.1% upside.
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07 Jul
Ford (NYSE:F) edges lower; Q2 sales drop but mix helps ahead of earnings

Ford (NYSE:F) edges lower; Q2 sales drop but mix helps ahead of earnings

Ford Motor Company shares fell Tuesday, after the automaker reported a 10.3% drop in U.S. sales for the second quarter. But Ford pointed to a different number: stripping out planned phase-outs of the Escape and Lincoln Corsair, and assuming no change in daily-rental sales, Q2 sales would have climbed 0.5%, the company said. Ford was down 24 cents to $13.59, off about 1.7%, just before 3 p.m. in New York. Shares underperformed the broad index but held up better than General Motors and Tesla, which saw steeper drops.
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07 Jul
Oracle stock drops as AI backlog gap grows and ORCL loses ground to cloud rivals

Oracle stock drops as AI backlog gap grows and ORCL loses ground to cloud rivals

Oracle Corporation dropped Tuesday, paring Monday’s gains. The stock looked more like a debt-heavy AI infrastructure play than its usual image as a software company with a giant backlog. The main point isn't the drop on the day. It’s the market discount. Oracle’s market cap was about $410.8 billion based on the latest quote, but its remaining performance obligations at the end of fiscal 2026 sat at $638 billion. So the market put Oracle at roughly 64 cents for each $1 of reported RPO. RPO isn’t profit and it’s not this year’s revenue. The ratio just shows how much investors are still holding back to cover risk and big spending tied to the AI contract surge.
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07 Jul
DigitalOcean (NYSE:DOCN) pops as AI cloud trade shifts on new backlog math

DigitalOcean (NYSE:DOCN) pops as AI cloud trade shifts on new backlog math

DigitalOcean Holdings, Inc. climbed 9.3% to $143.64 Wednesday afternoon after the company forecasted its Q2 remaining performance obligations topping $800 million. That puts focus on backlog and capacity instead of just stronger AI revenue. Shares touched $157.99 at their high and 3.28 million shares changed hands as of 1:50 p.m. EDT, valuing DigitalOcean near $16.1 billion. DigitalOcean reported a big jump in its RPO for its size. RPO for Q2 2025 was $53 million, with revenue at $219 million. A July 7 update suggests RPO is now at least 15.1 times what it was a year ago, while revenue growth is set to pick up to around 29%, compared with 14% growth in the same period a year earlier. The
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07 Jul
State Street (NYSE:STT) at new high; ETF flows boost fee outlook

State Street (NYSE:STT) at new high; ETF flows boost fee outlook

State Street Corporation gained 2.0% to close at $179.55 Tuesday, pushing market cap to $50.8 billion. The move came in regular NYSE trade after the July 3 holiday shutdown. Shares touched an intraday high of $179.87, topping Monday’s 52-week closing mark of $175.96. This wasn’t only about bank stocks. State Street outperformed Northern Trust Corp, the State Street SPDR S&P Bank ETF and the SPDR S&P 500 ETF Trust at the same point.
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07 Jul
Super Micro (NASDAQ:SMCI) trails other AI names as shares drop below June sale price

Super Micro (NASDAQ:SMCI) trails other AI names as shares drop below June sale price

Super Micro Computer, Inc. dropped 2.8% to $26.44 on Tuesday. That’s under the $27.50 level where it sold 45,454,545 common shares in June. Shares topped out at $26.96 during the session—still short of the sale price. This is the tougher figure for investors. Super Micro is getting measured not just by AI orders, but also by how much stock it might have to raise to make those sales happen.
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07 Jul
IREN slips after Anthropic buyout focuses attention on 2028 Australia plan

IREN slips after Anthropic buyout focuses attention on 2028 Australia plan

IREN Limited dropped in early afternoon trading Tuesday on the Nasdaq. But the main focus for investors was the company’s AI infrastructure timeline. The stock has been trading on expectations for AI growth. Reports suggest Anthropic is looking to buy in Australia on a quicker timeframe than IREN’s public power rollout. At 1:48 p.m. EDT, shares of IREN traded at $41.70, off 5.0%, putting its market cap around $13.9 billion. Bitcoin edged up 0.7% to $64,055. By 1:53 p.m. EDT, the Nasdaq Composite was down 0.7%.
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07 Jul
BlackBerry slides after convertible notes, insider selling hit QNX rally

BlackBerry slides after convertible notes, insider selling hit QNX rally

BlackBerry Limited traded lower Tuesday. But the filings tell more than the daily move. After a rally on earnings, the company’s 2029 convertible notes are now an active capital question. Executive Form 4 stock sales filed post-close Monday were minor compared to the notes issue. At 1:48 p.m. EDT, BlackBerry shares in the U.S. were at $11.265, off 1.0%. The stock traded between $10.68 and $11.50 earlier. It lagged the SPDR S&P 500 ETF Trust, but did a bit better than Invesco QQQ Trust Series 1.
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07 Jul
Tvardi Therapeutics, Inc. (NASDAQ:TVRD) stock jumps as Phase 1 data puts cash-value biotech under heavy churn

Tvardi Therapeutics, Inc. (NASDAQ:TVRD) stock jumps as Phase 1 data puts cash-value biotech under heavy churn

Tvardi Therapeutics, Inc. jumped as much as 89% on Tuesday after the STAT3 drug developer reported Phase 1 data for TTI-109, but the harder market signal was volume. About 53.9 million shares changed hands by early afternoon, equal to 5.7 times the 9.38 million shares outstanding listed in its latest quarterly filing. That churn matters because the stock had been priced below cash before the readout. At Monday’s close of $2.01, Tvardi’s equity value was about $18.9 million. At $2.81, its market value was $26.3 million, only a small premium to the $25.0 million of cash and short-term investments reported at March 31.
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07 Jul
Adobe surges while BofA sticks with AI sell call on buyback math

Adobe surges while BofA sticks with AI sell call on buyback math

Adobe Inc. climbed Tuesday despite a new bearish call from Bank of America Corp. Shares traded at $227.98, up $9.91, or 4.5%, according to the latest finance feed. Invesco QQQ Trust dropped 1.4%. SPDR S&P 500 ETF Trust was down 0.3%. What matters more to investors right now is cash coming back. Adobe’s market cap stood at around $91.75 billion, according to the latest data. The company’s $25 billion buyback plan, announced in April and going until April 30, 2030, is about 27% of its market cap.
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07 Jul
Joby Aviation (NYSE:JOBY) shares dip after string of insider filings renews share count questions

Joby Aviation (NYSE:JOBY) shares dip after string of insider filings renews share count questions

Joby Aviation, Inc. dropped 72.5 cents, or around 8.1%, to $8.20 Tuesday. Volume topped 24.4 million shares at last check. The stock started at $8.76, touched $9.00 before dropping to $8.05. The New York Stock Exchange resumed its regular session after closing July 3 for Independence Day. The selloff spread beyond Joby, but the stock dropped more than the broader market and hovered near electric air taxi rival Archer Aviation Inc.. Shares in Toyota Motor Corporation, which partners with Joby on manufacturing, barely moved.
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07 Jul
T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

T1 Energy Inc. dropped hard in midday New York trading on Tuesday. The move comes two days ahead of public warrants expiring from the NYSE. U.S. markets were running normal hours; per the NYSE’s 2026 holiday calendar, Independence Day closure was July 3. Shares started the day at $8.38, climbed to $8.71 early on, and hit a low of $7.165. Market data showed volume at 25.4 million shares on the latest tick.
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07 Jul
Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir (NASDAQ:PLTR) edges higher after Mexico insurer deal

Palantir Technologies Inc. moved up late Tuesday morning as the company said Grupo Nacional Provincial, or GNP Seguros, is its first announced commercial customer in Latin America. The news gave Palantir its first non-U.S. commercial reference on a day tech stocks traded down. Nasdaq was open for a normal session. Nasdaq’s 2026 holiday schedule puts the July Independence Day closure on July 3, with regular hours at 9:30 a.m. to 4 p.m. Eastern. The stock traded at $135.34, up 2.1%. Invesco QQQ Trust fell 2.0%, while SPDR S&P 500 ETF Trust slipped 0.6%. The 4.1-point move over QQQ stands out since this wasn’t a chip cycle update. It was a commercial software deal, and the company didn’t say what the
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07 Jul
SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems Inc. surged in busy trading Tuesday after the medical aesthetics company announced its SkinStylus microneedling device got a fresh FDA clearance for periorbital wrinkles. Investors focused less on the approval, more on the pricing. Shares jumped 49.9% to $1.1319 as of 12:06 p.m. EDT, moving in a range from $0.7715 to $1.17. Volume hit 60.2 million shares, well above the 65-day average of 1.17 million. That’s about 51.5 times typical volume, according to WSJ market data.
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07 Jul
Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Chip ETFs traded lower late Tuesday morning in New York, with the hardest fall coming from this year’s top performer, not the ETF with the most Nvidia. Invesco Semiconductors ETF slid roughly 7.8% to $147.08 near 11:50 a.m. EDT, according to latest pricing. VanEck Semiconductor ETF lost around 5.0%. Cross-ETF numbers from Benzinga’s July 6 holdings check and Tuesday’s late-morning pricing showed the reversal:
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07 Jul
Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer Inc. traded up 1.7% at $24.13 as of 11:48 a.m. EDT Tuesday, recovering some ground after Monday’s 2.47% slide to $23.72. The stock’s loss on Monday stood out with the S&P 500 up 0.72% and the Dow up 0.29%, making it a clear underperformer, not just a victim of the broader market. HSBC moved Pfizer to Hold from Buy and slashed its price target to $28 from $32, pointing to less confidence in a near-term re-rating. The firm now gives a 40% probability to market for sigvotatug vedotin, down after a Phase 3 lung cancer miss, and bumped its beta assumption to 0.85, up from 0.78.
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07 Jul
Micron (NASDAQ:MU) set for Nasdaq move as SK Hynix (KRX:000660) shakes up AI memory trade

Micron (NASDAQ:MU) drops $89 billion on Ford contract worries

Micron Technology, Inc. was active in Tuesday’s regular Nasdaq session. According to Nasdaq’s 2026 calendar, markets close for Independence Day on July 3, not July 7. Regular U.S. trading runs from 9:30 a.m. to 4:00 p.m. ET. The stock last traded down $78.10 at $906.65, putting the market cap near $1.038 trillion. With that market cap and price, the share count works out to roughly 1.145 billion. The day’s drop shaved about $89.4 billion from equity value. The session low of $892.50 erased about $105.6 billion in value.
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07 Jul
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