Today: 7 March 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Basic materials stocks limp into February after metals crash — what to watch next week

Basic materials stocks limp into February after metals crash — what to watch next week

U.S. basic materials stocks led declines Friday, with the S&P 500 materials index down 1.9% as gold, silver, and copper prices fell sharply from record highs. Newmont dropped 11.5%, Freeport-McMoRan lost 7.5%, while Air Products rose 6.4%. Spot gold sank 4.7% to $5,143.40 an ounce; silver tumbled 11%. Investors weighed weak China demand and the nomination of Kevin Warsh to head the Fed.
31 January 2026
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AstraZeneca share price: $18.5 billion China obesity-drug deal puts AZN stock in focus for Monday

AstraZeneca share price: $18.5 billion China obesity-drug deal puts AZN stock in focus for Monday

AstraZeneca agreed to license obesity drug candidates from CSPC Pharmaceutical in a deal worth up to $18.5 billion, paying $1.2 billion upfront. AstraZeneca shares rose 0.65% in London, while CSPC shares fell nearly 12% in Hong Kong. The deal gives AstraZeneca rights outside Greater China and includes a once-monthly GLP-1/GIP agonist entering Phase I trials. AstraZeneca will also delist its ADS from Nasdaq and move to the NYSE.
31 January 2026
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Lam Research Corporation stock drops 6% into the weekend: what LRCX traders watch next

Lam Research Corporation stock drops 6% into the weekend: what LRCX traders watch next

Lam Research shares fell 5.9% to $233.46 Friday, despite strong earnings and a bullish forecast earlier in the week. The stock swung nearly $20 during heavy trading as investors focused on export-control risks and upcoming economic data. China made up 39% of Lam’s recent revenue, and tighter U.S. license rules remain a concern. The S&P 500 also slipped 0.43% Friday.
31 January 2026
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XLRE price: Real estate stocks hold steady after Warsh Fed pick — what to watch Monday

XLRE price: Real estate stocks hold steady after Warsh Fed pick — what to watch Monday

Real estate stocks edged higher for the week but slipped after hours, with the XLRE fund closing at $41.43 before falling 0.8% post-market. Trump named Kevin Warsh as his pick for Federal Reserve chair, stirring speculation over future rate cuts. Producer prices rose 0.5% in December, above forecasts. The S&P 500 dropped 0.43% Friday; the 10-year Treasury yield hovered near 4.24%.
31 January 2026
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Communication Services stocks: Verizon surge lifts Communication Services Select Sector SPDR Fund as Alphabet, Walt Disney earnings loom

Communication Services stocks: Verizon surge lifts Communication Services Select Sector SPDR Fund as Alphabet, Walt Disney earnings loom

Verizon surged 11.8% after forecasting higher annual profit and free cash flow, and launching a $25 billion buyback. Charter Communications rose 7.6% on a smaller-than-expected broadband subscriber loss. Meta Platforms fell nearly 3% after raising its 2026 capital spending forecast by 73%. The S&P 500 slipped 0.43% amid Fed chair news and inflation data.
31 January 2026
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American Express stock price slips after earnings — dividend hike, Trump rate-cap risk and jobs report ahead

American Express stock price slips after earnings — dividend hike, Trump rate-cap risk and jobs report ahead

American Express shares fell 1.8% to $352.17 Friday after forecasting 2026 EPS of $17.30–$17.90 and announcing a dividend hike to 95 cents. Fourth-quarter billed business rose 9% to $445.1 billion, with revenue up 10% to $19 billion. Investors remain focused on Fed policy and the upcoming February 6 U.S. jobs report.
31 January 2026
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Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

Nasdaq fell 0.94% Friday, led by a 4.1% drop in semiconductor ETFs and losses in major tech stocks after a hotter-than-expected PPI report. The 10-year Treasury yield hovered near 4.25%. Apple projected strong March-quarter revenue growth, while Tesla rose 3.3% against declines in Meta and Nvidia. Investors now await earnings from Alphabet, Amazon, and AMD, plus the Feb. 6 U.S. jobs report.
31 January 2026
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Healthcare stocks hold up as Lilly’s $3.5 billion plant plan hits tape; biotech bruised

Healthcare stocks hold up as Lilly’s $3.5 billion plant plan hits tape; biotech bruised

Eli Lilly shares rose 1.3% after announcing a $3.5 billion Pennsylvania plant for obesity drugs, helping the Health Care Select Sector SPDR Fund gain 0.6% as the S&P 500 fell. Biotech lagged, with Corcept Therapeutics dropping 10.6% after an FDA rejection. Thermo Fisher slid 2.3% on weak profit guidance. Stryker jumped 4.3% after raising its outlook.
31 January 2026
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Cloud computing stocks: SKYY ETF slides as Alphabet, Amazon earnings and jobs data loom

Cloud computing stocks: SKYY ETF slides as Alphabet, Amazon earnings and jobs data loom

Cloud computing stocks fell Friday, with the First Trust Cloud Computing ETF down 2.0% and WisdomTree’s fund off 1.3%. Microsoft slipped 0.8%, Amazon dropped 1.0%, Oracle lost 2.6%, and Snowflake fell 3.3%. Alphabet reports earnings Feb. 4, Amazon on Feb. 5, and the U.S. jobs report is due Feb. 6.
31 January 2026
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Data center stocks drop before a packed week: what to watch for Equinix, Digital Realty, Vertiv

Data center stocks drop before a packed week: what to watch for Equinix, Digital Realty, Vertiv

Vertiv shares fell 4.5% and Arista Networks dropped 4.3% Friday as data center stocks slid, with the Global X Data Center ETF down 2.5%. The declines followed Microsoft’s cloud revenue miss and came ahead of key REIT earnings and the Feb. 6 U.S. jobs report. Broader markets also dropped after Donald Trump said he would nominate Kevin Warsh as Fed chair.
31 January 2026
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Big Tech stocks brace for Monday as Nvidia CEO vows ‘huge’ OpenAI investment and Apple’s iPhone rebound shows up

Big Tech stocks brace for Monday as Nvidia CEO vows ‘huge’ OpenAI investment and Apple’s iPhone rebound shows up

Nvidia CEO Jensen Huang said the company will make a “huge” investment in OpenAI but denied plans for a $100 billion deal. Amazon is in early talks to invest up to $50 billion in OpenAI, while SoftBank has discussed an additional $30 billion, sources told Reuters. Tech stocks fell Friday after Trump named Kevin Warsh as his Fed pick and producer prices rose. Tesla gained nearly 5% on SpaceX merger speculation.
31 January 2026
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L3Harris Navy “Red Wolf” win and Lockheed missile push: defense and space stock prices to watch Monday

L3Harris Navy “Red Wolf” win and Lockheed missile push: defense and space stock prices to watch Monday

L3Harris shares fell 3.7% after announcing a U.S. Navy contract for Marine Corps precision-strike vehicles. Lockheed Martin rose 1.88% as it detailed plans to boost missile production and projected $6.5–$6.8 billion in 2026 free cash flow. Redwire dropped to $11.75 following insider sales. Markets closed Friday with defense and space stocks mixed.
31 January 2026
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Quantum computing stocks tumble into weekend: IonQ, Rigetti, D-Wave slide as rate jitters bite

Quantum computing stocks tumble into weekend: IonQ, Rigetti, D-Wave slide as rate jitters bite

Quantum computing stocks fell 7%–9% Friday, outpacing the Nasdaq’s 0.94% drop after U.S. producer prices rose 0.5% in December and Donald Trump named Kevin Warsh as his Fed chair pick. IonQ slid 7.5%, Rigetti 8.4%, D-Wave 8.6%, Quantum Computing Inc 9.0%, and Arqit 8.9%. Investors await a House funding vote Feb. 2 and jobs data Feb. 6.
31 January 2026
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Oil stock prices in focus: Exxon, Chevron earnings land as crude holds near highs ahead of OPEC+

Oil stock prices in focus: Exxon, Chevron earnings land as crude holds near highs ahead of OPEC+

Brent crude closed at $70.69 a barrel Friday, with U.S. West Texas Intermediate at $65.21, as traders eyed rising U.S.-Iran tensions and new Iran-related sanctions. Exxon Mobil posted adjusted Q4 earnings of $1.71 per share and Chevron reported $1.52, both beating estimates. A Reuters poll forecasts weaker oil prices in 2026 despite current strength, with Brent averaging $62.02 a barrel.
31 January 2026
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Ucore Rare Metals stock slides 15% after metals rout — what to watch before Monday

Ucore Rare Metals stock slides 15% after metals rout — what to watch before Monday

Ucore Rare Metals (UCU.V) plunged 14.6% to C$8.36 on Friday, its steepest drop in weeks, as Canada’s main stock index fell 3.3% amid a global selloff in mining stocks. Gold sector shares lost 11.8%, pressured by a stronger U.S. dollar and profit-taking after Kevin Warsh was nominated to lead the Federal Reserve. Traders are watching for further volatility ahead of China’s February 16 holiday.
31 January 2026
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Tesla stock jumps on SpaceX merger chatter as EV stocks brace for Monday

Tesla stock jumps on SpaceX merger chatter as EV stocks brace for Monday

Tesla rose 3.3% to $430.41 Friday, outpacing other EV stocks as rumors swirled of possible mergers involving SpaceX, xAI, and Tesla. Reuters reported SpaceX is in talks to merge with xAI ahead of a potential IPO, with filings showing new Nevada entities set up for the deal. Rivian, Lucid, and Nio all fell as the broader market declined. Markets are closed until Monday.
31 January 2026
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