Today: 3 April 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.

Microsoft beats Azure in Q2, but MSFT stock drops after earnings as AI spending stays in focus

Microsoft beats Azure in Q2, but MSFT stock drops after earnings as AI spending stays in focus

Microsoft reported Azure cloud revenue up 39% in its fiscal second quarter, narrowly beating estimates, but shares fell over 7% in after-hours trading. Total revenue reached $81.3 billion, with Microsoft Cloud topping $50 billion for the quarter. Gross margin slipped due to heavy AI infrastructure spending. Net income received a $7.6 billion boost from the company’s OpenAI stake.
28 January 2026
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Intuit stock price dips as AI fears circle TurboTax, but RBC sticks with $850 target

Intuit stock price dips as AI fears circle TurboTax, but RBC sticks with $850 target

Intuit shares fell 1.2% to $539.13 in after-hours trading Wednesday as investors weighed risks from generative AI competition. RBC Capital Markets maintained its Outperform rating and $850 target, citing limited exposure to “simple filers.” Intuit announced a hiring integration deal with Checkr and board-approved changes to director compensation. Shareholders rejected a diversity ROI report proposal at the annual meeting.
28 January 2026
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IBM earnings beat on AI-driven software demand — but Red Hat slowdown is the catch

IBM earnings beat on AI-driven software demand — but Red Hat slowdown is the catch

IBM reported fourth-quarter revenue of $19.69 billion and adjusted earnings of $4.52 per share, both above Wall Street estimates. Software revenue reached $9.03 billion, driven by rising AI demand, while Red Hat’s growth slowed to 10%. The company’s AI “book of business” rose to $12.5 billion. Investors are pressing IBM for clearer 2026 revenue and cash-flow forecasts amid ongoing U.S. budget uncertainty.
28 January 2026
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NextEra Energy stock price today: NEE steadies near a 52-week high as investors parse earnings, data-center demand

NextEra Energy stock price today: NEE steadies near a 52-week high as investors parse earnings, data-center demand

NextEra Energy shares rose 0.3% to $87.44 Wednesday afternoon after reporting 2025 adjusted earnings of $3.71 per share, up 8% from 2024. Executives said they are in advanced talks to supply 9 GW of data-center power in Florida and plan to add 6 GW of new nuclear capacity. Trading volume topped 5.7 million shares. Mizuho raised its price target to $90.
28 January 2026
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CrowdStrike stock slips late in session despite Gartner “Customers’ Choice” nod — what CRWD investors watch next

CrowdStrike stock slips late in session despite Gartner “Customers’ Choice” nod — what CRWD investors watch next

CrowdStrike shares fell 1% to $472.04 Wednesday, despite winning Gartner’s “Customers’ Choice” badge for endpoint protection. The drop followed the Fed’s decision to hold rates steady and came as analysts cited valuation concerns. Legal issues linger after last July’s outage, with some lawsuits still active. CrowdStrike’s next earnings report is expected around March 3.
28 January 2026
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Redwire stock slips 6% after $151B SHIELD contract buzz; RDW swings into the close

Redwire stock slips 6% after $151B SHIELD contract buzz; RDW swings into the close

Redwire Corp shares fell 6% to $13.35 on Wednesday, reversing a 30% surge after landing a spot on the U.S. Missile Defense Agency’s SHIELD contract vehicle. The company said SHIELD has a $151 billion ceiling but no guaranteed revenue, with future gains dependent on specific task orders. Trading volume topped 48 million shares by mid-afternoon. Investors are waiting for details on funded work and contract timelines.
28 January 2026
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Citigroup stock slips late Wednesday as Fed holds rates and Citi reshuffles bankers

Citigroup stock slips late Wednesday as Fed holds rates and Citi reshuffles bankers

Citigroup shares fell 0.9% to $113.73 in late New York trading after the Federal Reserve left rates unchanged and investors weighed new leadership changes and a lawsuit targeting Citi’s wealth division. JPMorgan was flat, Bank of America lost 1.2%, and Goldman Sachs edged higher. The Fed’s decision kept attention on the timing of possible rate cuts in 2026 and their impact on bank margins.
28 January 2026
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American Airlines stock slips again after Storm Fern chaos — what AAL traders watch next

American Airlines stock slips again after Storm Fern chaos — what AAL traders watch next

American Airlines shares fell 0.9% to $13.43 Wednesday after Winter Storm Fern forced over 9,000 cancellations and is expected to cut first-quarter revenue by up to $200 million. The company maintained its 2026 profit outlook but projected a first-quarter loss of 10 to 50 cents per share. Crews faced long waits and overnight stays in terminals as operations struggled to recover.
28 January 2026
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Bank of America stock slips after Fed holds rates: what traders watch next for BAC

Bank of America stock slips after Fed holds rates: what traders watch next for BAC

Bank of America shares fell 1.2% to $51.52 after the Federal Reserve left interest rates unchanged and gave little guidance on future cuts. The bank told staff it will match the U.S. government’s $1,000 “Trump Account” contribution for eligible employees’ children. Vito Lo Piccolo was named country executive for Italy, replacing Nino Mattarella. The S&P 500 briefly touched 7,000 before retreating as markets awaited Fed Chair Powell’s remarks.
28 January 2026
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P&G stock drops nearly 1% as TD Cowen downgrades; investors weigh tariffs and a new Wonderbelly buy

P&G stock drops nearly 1% as TD Cowen downgrades; investors weigh tariffs and a new Wonderbelly buy

Procter & Gamble shares fell 1% to $146.89 Wednesday after TD Cowen downgraded the stock, citing weak pricing power and increased promotions. The company announced a Wonderbelly acquisition and a new Crest toothpaste launch. Chief Brand Officer Marc Pritchard sold nearly 96,000 shares at an average of $151.15. P&G raised U.S. prices by up to 2.5% to offset tariffs.
28 January 2026
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Rocket Lab stock rises again as RKLB traders focus on Neutron “Hungry Hippo” milestone, Feb. 26 earnings

Rocket Lab stock rises again as RKLB traders focus on Neutron “Hungry Hippo” milestone, Feb. 26 earnings

Rocket Lab shares rose 2.7% to $89.32 in Wednesday afternoon trading, extending gains after a recent drop. Investors are watching for updates on the Neutron rocket program after a test tank ruptured last week. The company will report earnings on Feb. 26, with no guidance yet on Neutron’s timeline. Volatility remains high as traders react to development news.
28 January 2026
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UPS stock price drops 3% as Amazon pullback and 30,000-job cut plan sink in

UPS stock price drops 3% as Amazon pullback and 30,000-job cut plan sink in

UPS shares fell 3.2% to $103.82 Wednesday after the company said it will cut up to 30,000 jobs and close 24 facilities in 2026, reducing Amazon deliveries. UPS warned revenue will dip in early 2026 before recovering, and forecast full-year revenue of $89.7 billion. The board approved a $1.64 quarterly dividend. Teamsters said members are likely to reject the company’s buyout offer.
28 January 2026
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Stock Market Today

  • Stock Market Faces Extended 'Trump Slump' Amid Iran Conflict and High Valuations
    April 3, 2026, 4:25 AM EDT. The U.S. stock market, despite strong gains during Donald Trump's first term, has entered a turbulent phase in his second term, dubbed the 'Trump slump.' Since late February, major indexes like the Dow and Nasdaq have fallen into correction territory. Contributing factors include historically high valuations, reflected by the S&P 500's Shiller Price-to-Earnings Ratio at its second-highest level ever, and concerns over a potential artificial intelligence (AI) bubble burst. Critically, Trump's directive initiating U.S. and Israeli military action against Iran has led to the closure of the strategic Strait of Hormuz, through which about 20% of the world's oil passes. This supply shock has sent crude oil prices soaring, further pressuring markets and possibly forcing the Federal Reserve to react, extending the current equity downturn.
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