Today: 7 March 2026

Khadija Saeed

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

Applied Materials stock slides as chip-tool selloff deepens; KLA tumble sets the tone

Applied Materials stock slides as chip-tool selloff deepens; KLA tumble sets the tone

KLA shares plunged 12.8% Friday after reporting earnings, dragging Applied Materials down 3.1% to $330.76 and Lam Research 2.3% lower. The sell-off hit chip-equipment stocks broadly, with the VanEck Semiconductor ETF and iShares Semiconductor ETF both falling over 2%. Investors are watching upcoming earnings for signs on 2026 wafer-fab spending. ASML, meanwhile, reported record orders but announced job cuts.
Royal Caribbean stock drops nearly 8% after guidance surge — what RCL investors watch next

Royal Caribbean stock drops nearly 8% after guidance surge — what RCL investors watch next

Royal Caribbean shares fell 7.8% to around $319 by midday Friday after raising its 2026 profit forecast and reporting record-high bookings for the Wave season. The company now expects 2026 adjusted EPS of $17.70 to $18.10, above analyst estimates. Carnival and Norwegian Cruise Line stocks also declined. Traders are watching if strong pricing and onboard spending hold during peak booking.
KLA stock tumbles 13% after earnings beat — the outlook traders are fixated on

KLA stock tumbles 13% after earnings beat — the outlook traders are fixated on

KLA shares fell 12.7% to $1,471.07 in midday trading Friday after its earnings outlook disappointed investors, despite record quarterly revenue of $3.30 billion and adjusted EPS of $8.85. The drop hit other chip-equipment stocks, with Lam Research, Applied Materials, and ASML also declining. KLA warned of supply bottlenecks and possible sales restrictions to China. Wall Street analysts raised price targets even as the sector sold off.
Chevron stock price climbs after Q4 beat, dividend hike — Venezuela and OPEC+ now in focus

Chevron stock price climbs after Q4 beat, dividend hike — Venezuela and OPEC+ now in focus

Chevron shares rose 1.8% to $174.27 by midday after reporting fourth-quarter earnings of $2.8 billion and raising its dividend 4% to $1.78 per share. Adjusted earnings beat forecasts at $1.52 per share. Management highlighted Venezuela as a key growth area but warned of near-term production challenges. Oil prices hovered near six-month highs ahead of the OPEC+ meeting.
IREN stock price slides as bitcoin drops; Feb. 5 earnings now the next test

IREN stock price slides as bitcoin drops; Feb. 5 earnings now the next test

IREN shares fell 8.5% to $54.73 by midday Friday, tracking a sharp drop in bitcoin and heavy trading volume. The stock swung between $59.35 and $54.68, with about 21.7 million shares changing hands. IREN’s quarterly results and conference call are set for Feb. 5. Investors are watching for updates on its $5.8 billion AI cloud expansion and financing plans.
Carvana stock drops again as Gotham short-seller report keeps CVNA under pressure ahead of Feb. 18 earnings

Carvana stock drops again as Gotham short-seller report keeps CVNA under pressure ahead of Feb. 18 earnings

Carvana shares fell 4.4% to $408.46 by midday Friday, deepening losses after short seller Gotham City Research accused the company of inflating 2023-2024 earnings by over $1 billion. Carvana denied the claims, calling them misleading and said all related-party transactions were disclosed. The stock had plunged 14% Wednesday after the report, then rebounded 5.3% Thursday as analysts defended Carvana’s accounting.
Texas Instruments stock slips as traders digest AI data-center lift and new Q1 outlook

Texas Instruments stock slips as traders digest AI data-center lift and new Q1 outlook

Texas Instruments shares fell 1.7% to $215.15 Friday morning, erasing gains from an earlier rally sparked by a strong first-quarter forecast. The company projected revenue and earnings above Wall Street expectations, citing rising data-center demand. Investors remain cautious amid weak consumer electronics sales and high factory costs. Trading volume stayed above average as analysts reassessed their outlooks.
Visa stock price slides after earnings beat as costs and cross-border spending take center stage

Visa stock price slides after earnings beat as costs and cross-border spending take center stage

Visa shares fell 2.4% to $323.99 in late morning trading Friday after reporting a 15% jump in quarterly net revenue to $10.9 billion. Investors focused on rising operating expenses and cross-border activity, with the company adding $500 million to a litigation escrow. Visa’s board approved a $0.67 quarterly dividend, payable March 2 to shareholders of record Feb. 10.
Mastercard stock is down today — what Wall Street is watching after earnings

Mastercard stock is down today — what Wall Street is watching after earnings

Mastercard shares fell 1.2% to $537.26 Friday as payment stocks declined, with Visa down 2.6% and American Express off 3.7%. Mastercard will cut about 4% of staff, incurring a $200 million restructuring charge in Q1. Switched volume rose 9% year over year, but travel-related cross-border growth slowed. Mastercard repurchased $3.6 billion in shares in Q4 and paid $684 million in dividends.
AppLovin stock price slides as short-seller fight and Fed jitters weigh on APP shares

AppLovin stock price slides as short-seller fight and Fed jitters weigh on APP shares

AppLovin shares fell 11.3% to $504.80 in late morning trading Friday after the company pushed back against a short-seller report from CapitalWatch, calling it “defamatory and baseless.” The drop came ahead of AppLovin’s fourth-quarter earnings, set for release Feb. 11. Broader tech stocks also slipped as investors reacted to macroeconomic pressures and Fed leadership news.
30 January 2026
Lam Research stock price slips after big forecast as chip-tool shares pull back

Lam Research stock price slips after big forecast as chip-tool shares pull back

Lam Research shares fell 2.3% to $242.35 Friday morning after earlier gains, while KLA dropped 11.7% and Applied Materials lost 2.2%. Lam’s quarterly results and outlook beat Wall Street estimates, but investors sold off chip-equipment stocks despite strong demand for AI-related memory chips and continued reliance on China as Lam’s largest market.
Salesforce stock price steadies near $214 after software rout; traders brace for AI tests next week

Salesforce stock price steadies near $214 after software rout; traders brace for AI tests next week

Salesforce shares hovered near $214 in early Friday trading after Thursday’s sharp software stock selloff, which followed weak results from SAP and ServiceNow. SAP dropped over 16%, ServiceNow 11%, Salesforce 7.1%, and the S&P 500 Software and Services Index hit a nine-month low. Investors are watching next week’s Alphabet and Amazon earnings and the Feb. 6 U.S. jobs report for further signals.
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