Today: 7 February 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.

Lumentum (LITE) stock sinks 11% as AI-optics rally breaks despite Needham target hike

Lumentum (LITE) stock sinks 11% as AI-optics rally breaks despite Needham target hike

Lumentum Holdings shares fell 10.7% to $351.00 Thursday, after swinging between $399.88 and $343.41 as AI-linked hardware stocks dropped. Needham raised its price target to $470 and kept a Buy rating. Traders are watching Friday’s U.S. jobs report and Lumentum’s Feb. 3 earnings for direction. Ciena, Coherent, and Applied Optoelectronics also declined.
8 January 2026
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Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

Northrop Grumman shares rose 3.8% to $598.96 midday Thursday after President Trump ordered defense contractors to halt dividends and buybacks until weapons output improves. The stock rebounded as Trump also called for a $1.5 trillion military budget in 2027 and Northrop announced new Navy and Marine Corps contracts for rocket motors and uncrewed aircraft.
8 January 2026
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Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

Lam Research shares fell 2.2% to $198.62 Thursday, tracking a broader semiconductor decline as Applied Materials and ASML also dropped. Treasury yields rose after U.S. jobless claims edged higher and productivity jumped. Cantor Fitzgerald raised its Lam price target to $265, citing strong wafer equipment demand. Investors await Friday’s U.S. jobs report and Lam’s Jan. 28 earnings call.
8 January 2026
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Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

Lockheed Martin shares jumped 5.2% to $522.56 after President Trump proposed a $1.5 trillion military budget for 2027. Trump also signed an executive order restricting contractor dividends and buybacks until performance improves. Lockheed reported record F-35 deliveries in 2025 and a new PAC-3 missile deal with the Department of War. Investors await Lockheed’s earnings on Jan. 29.
8 January 2026
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Western Digital stock slides again after CES AI-storage rally — what traders watch next

Western Digital stock slides again after CES AI-storage rally — what traders watch next

Western Digital shares fell nearly 9% Thursday, deepening a pullback after a CES-driven surge earlier in the week. Seagate, Sandisk, and Micron also dropped as investors took profits across storage and memory stocks. The Nasdaq slipped 0.6% in early trade. Focus shifts to Friday’s U.S. payrolls report and Western Digital’s upcoming quarterly results.
8 January 2026
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JPMorgan stock climbs on Apple Card takeover as earnings near

JPMorgan stock climbs on Apple Card takeover as earnings near

JPMorgan shares rose 1.1% after announcing it will take over Apple Card from Goldman Sachs, a deal expected to bring over $20 billion in balances but close in about two years. The bank will record a $2.2 billion provision for credit losses tied to the agreement. Investors are watching for JPMorgan’s Jan. 13 earnings for signs of credit-card delinquencies and consumer spending shifts.
8 January 2026
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Strategy Inc stock climbs after MSCI index reprieve — what MSTR traders watch next

Strategy Inc stock climbs after MSCI index reprieve — what MSTR traders watch next

Strategy Inc shares rose 1.9% to $164.97 after MSCI said it will keep crypto-treasury firms in its indexes for now but freeze some updates and launch a broader review. Bitcoin slipped 1.1% to $90,442. MSCI will not increase share counts or inclusion factors for these stocks ahead of its February review. The next index decision is set for Feb. 10, with changes effective March 2.
8 January 2026
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AMD stock falls in regular trading as CES AI chip push meets profit-taking ahead of Feb. 3 earnings

AMD stock falls in regular trading as CES AI chip push meets profit-taking ahead of Feb. 3 earnings

AMD shares fell 1.4% to $207.08 Thursday morning, tracking declines in chip stocks after the company unveiled new AI processors at CES. Nvidia dropped 1.4% and Intel slid 2.5%. Investors await AMD’s Feb. 3 earnings report for signs that new products are driving sales. The Philadelphia Semiconductor Index hit a record high earlier in the week.
8 January 2026
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Broadcom stock (AVGO) slides as Nvidia’s China chip payment demand ripples through AI semiconductors

Broadcom stock (AVGO) slides as Nvidia’s China chip payment demand ripples through AI semiconductors

Broadcom shares fell 3.1% to $332.85 in morning trading Thursday, underperforming chip stocks after a Reuters report said Nvidia is demanding full upfront payment for H200 chips in China. Nvidia dropped 1.5%, AMD 1.7%, and Intel 2.9%. Investors are cautious ahead of Friday’s U.S. nonfarm payrolls report.
8 January 2026
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Natural gas price slips after storage draw; EQT stock dips in early New York trade

Natural gas price slips after storage draw; EQT stock dips in early New York trade

EQT Corp shares fell 1.1% to $53.88 after U.S. natural gas futures dropped 2.7% to $3.431/mmBtu following a government storage report showing a 119 Bcf withdrawal. The EIA said inventories stood at 3,256 Bcf, about 1% above the five-year average. Other gas producers and ETFs also declined. Traders are watching late-January weather and the next EIA report due Jan. 15.
8 January 2026
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Bitcoin price today: BTC slips near $90,000 as ETF outflows weigh on crypto-linked stocks

Bitcoin price today: BTC slips near $90,000 as ETF outflows weigh on crypto-linked stocks

Bitcoin fell 0.9% to $90,380 Thursday, tracking $486 million in net outflows from U.S. spot bitcoin ETFs the previous day. Coinbase slipped 0.2%, BlackRock’s iShares Bitcoin Trust ETF dropped 0.8%, and miner Marathon rose 0.8%. U.S. jobless claims rose to 208,000, slightly below expectations. Wall Street opened lower ahead of Friday’s jobs report.
8 January 2026
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Gold price dips, gold stocks slide as Newmont and GDX track bullion lower before U.S. jobs data

Gold price dips, gold stocks slide as Newmont and GDX track bullion lower before U.S. jobs data

Gold-linked stocks dropped in early New York trading Thursday as spot gold fell 0.5% to $4,432.94 an ounce by 9:39 a.m. ET. Newmont slid 2.9% and VanEck Gold Miners ETF lost 2.3% as traders cut exposure ahead of Friday’s U.S. jobs report. The dollar firmed, weighing on metals. HSBC trimmed its 2026 gold forecast but still sees a possible $5,000 peak.
8 January 2026
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Nvidia stock slips as China buyers face “pay upfront” rule for H200 AI chips

Nvidia stock slips as China buyers face “pay upfront” rule for H200 AI chips

Nvidia shares dropped 1.6% to $186.03 after sources said the company now requires full upfront payment from Chinese buyers of its H200 AI chip, with no cancellations or refunds allowed. Beijing has asked some Chinese firms to pause H200 orders while it weighs new rules, and U.S. export licenses remain pending. The stock traded between $184.73 and $190.28 during the session. Nvidia’s Q4 results are due Feb. 25.
8 January 2026
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Intel stock slides after 18A ‘Panther Lake’ rally — Jan. 22 earnings is the next test

Intel stock slides after 18A ‘Panther Lake’ rally — Jan. 22 earnings is the next test

Intel shares dropped 1.6% to $41.95 Thursday morning, reversing gains after the company began shipping its first 18A chips under the Core Ultra Series 3 brand. The move follows a “buy” upgrade from Melius Research. Investors await Intel’s Jan. 22 earnings call for updates on PC demand and manufacturing costs. Broader markets traded cautiously after U.S. jobless claims rose to 208,000.
8 January 2026
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XRP price stock slides near $2 after first ETF outflows as U.S. jobs report nears

XRP price stock slides near $2 after first ETF outflows as U.S. jobs report nears

XRP dropped 5% to $2.09 Thursday, with $41 million in net outflows from U.S.-listed spot XRP ETFs on Wednesday, the first since their November debut, according to SoSoValue. Bitcoin fell 2% to near $90,500 and ether slid 4% as U.S. spot bitcoin ETFs saw $486 million in outflows, Barron’s reported. Trading volume for XRP reached $4.6 billion in 24 hours, CoinMarketCap said.
8 January 2026
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Stock Market Today

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

7 February 2026
Walmart shares climbed 3.34% to $131.18 Friday, pushing its market value to about $1.05 trillion as the Dow closed above 50,000 for the first time. Retail stocks mostly gained, with Target up 4.24% and Costco up 1.20%, while Amazon dropped 5.55%. Investors await Walmart’s fiscal Q4 results on Feb. 19 and key U.S. economic data next week.
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