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.

Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

Microchip Technology shares dropped 3% to $72.57 Wednesday, reversing part of Tuesday’s 12% surge after the company raised quarterly sales guidance to about $1.185 billion. Other analog chip stocks, including Texas Instruments and NXP Semiconductors, also declined. Microchip warned that order delays and factory utilization could impact costs if demand softens. Full results are due Feb. 5.
7 January 2026
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Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

The Dow Jones Industrial Average fell 0.17% to 49,376.26 by midday Wednesday, pressured by declines in bank stocks including JPMorgan and Caterpillar. The S&P 500 rose 0.19%, and the Nasdaq gained 0.59%. Labor Department data showed U.S. job openings dropped by 303,000 in November, while ADP reported private payrolls rose by 41,000 in December. Investors await Friday’s government jobs report.
7 January 2026
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Why First Solar stock is sliding today: Jefferies downgrade puts 2026 bookings in the spotlight

Why First Solar stock is sliding today: Jefferies downgrade puts 2026 bookings in the spotlight

First Solar shares dropped nearly 10% to $242.05 after Jefferies downgraded the stock to “Hold” and cut its price target to $260, citing weak 2026 booking visibility and policy risks. The brokerage warned that optimism over tariffs and tax credits may not materialize, with margins expected to fall and further order cancellations possible.
7 January 2026
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AppLovin stock rises after Piper Sandler sticks with $800 target as earnings loom

AppLovin stock rises after Piper Sandler sticks with $800 target as earnings loom

AppLovin shares rose 3.5% to $638.63 Wednesday after Piper Sandler reiterated an Overweight rating and $800 target, citing strong e-commerce ad signals. The stock had closed Tuesday down 2.5%. The SEC is probing AppLovin’s data-collection practices after a whistleblower complaint, Reuters reported in October. AppLovin is expected to report Q4 results on Feb. 11.
7 January 2026
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Bloom Energy stock jumps 7% as traders revisit Wells Fargo $600 million credit line

Bloom Energy stock jumps 7% as traders revisit Wells Fargo $600 million credit line

Bloom Energy shares jumped 7.5% to $110.82 Wednesday, trading on heavy volume after the company secured a $600 million revolving credit facility with Wells Fargo and others. The stock is up 355% over the past year but remains volatile, with a 52-week range of $15.15 to $147.86. Plug Power, FuelCell Energy, and Ballard Power all traded lower. Bloom reports earnings February 26.
7 January 2026
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CrowdStrike stock jumps 6% as Cantor sticks with $590 target and CRWD leads cyber rally

CrowdStrike stock jumps 6% as Cantor sticks with $590 target and CRWD leads cyber rally

CrowdStrike shares rose 5.6% to $483.88 Wednesday, leading gains in cybersecurity stocks after ADP data showed weaker-than-expected U.S. private payroll growth. Cantor Fitzgerald reiterated an Overweight rating and $590 target, citing strong subscription momentum. CrowdStrike, Amazon Web Services, and Nvidia launched a cybersecurity startup accelerator focused on AI. Investors await Friday’s U.S. jobs report and CrowdStrike’s fiscal year-end.
7 January 2026
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Coinbase stock slips as bitcoin cools and Wall Street checks the fine print

Coinbase stock slips as bitcoin cools and Wall Street checks the fine print

Coinbase shares fell 1.6% to $246.50 by midday Wednesday as bitcoin and ether prices declined. Director Fred Wilson sold 10,000 shares for about $2.34 million under a pre-set plan, a filing showed. Analyst opinions split on whether Coinbase’s trading volumes are dropping too quickly. Morgan Stanley filed to launch bitcoin and solana ETFs, while Barclays invested in stablecoin startup Ubyx.
7 January 2026
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Mastercard stock rises as Morgan Stanley flags cross-border strength ahead of U.S. jobs report

Mastercard stock rises as Morgan Stanley flags cross-border strength ahead of U.S. jobs report

Mastercard shares rose 0.7% to $584.60 by midday Wednesday, outperforming Visa, which slipped 0.4%. Morgan Stanley maintained an “overweight” rating, citing growth in cross-border fees and security services. About 1.36 million Mastercard shares traded as investors watched for Friday’s U.S. jobs report and the Jan. 9 dividend record date. U.S. private payrolls rose less than expected in December, ADP reported.
7 January 2026
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Uber stock gains as CES robotaxi testing update puts autonomy back in focus

Uber stock gains as CES robotaxi testing update puts autonomy back in focus

Uber shares rose 1.7% to $87.03 in midday New York trading after unveiling a robotaxi partnership with Lucid and Nuro at CES. The companies began autonomous road testing in December and plan a San Francisco Bay Area launch later in 2026. Lucid shares fell 5%, while Nvidia gained 1.6%. Investors are watching for regulatory updates and Uber’s February earnings report.
7 January 2026
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Intel stock jumps 8% on CES 2026 18A chip debut as INTC investors eye the next catalyst

Intel stock jumps 8% on CES 2026 18A chip debut as INTC investors eye the next catalyst

Intel shares rose 8.3% to $43.37 Wednesday after unveiling laptop chips built on its new 18A process at CES in Las Vegas. The company said preorders for laptops using the chips start Jan. 6, with shipments beginning Jan. 27. Melius Research upgraded Intel to “buy” and set a $50 target. Intel outperformed rivals as the iShares Semiconductor ETF fell 1.2% and AMD dropped 2.3%.
7 January 2026
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Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

Exxon Mobil shares fell 1.1% to $119.71 Wednesday as oil prices dropped after President Trump said Venezuela would send up to 50 million barrels of sanctioned oil to the U.S. Brent crude slipped 0.7% to near $60 a barrel. Exxon is set to release a fourth-quarter “earnings considerations” 8-K after market close. Trump plans to meet oil executives later this week to discuss Venezuela.
7 January 2026
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Eli Lilly stock climbs on Ventyx buyout talk as dealmaking takes center stage

Eli Lilly stock climbs on Ventyx buyout talk as dealmaking takes center stage

Eli Lilly shares rose 3.3% to $1,099.44 after reports it is in advanced talks to buy Ventyx Biosciences for over $1 billion, according to the Wall Street Journal. The news follows Lilly’s new obesity-drug partnership with Nimbus and comes as Novo Nordisk launches an oral Wegovy pill in the U.S. Investors await updates at next week’s J.P. Morgan healthcare conference and Lilly’s upcoming earnings call.
7 January 2026
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Stock Market Today

Oil stocks jump on Iran risk lift for crude — what to watch before Monday

Oil stocks jump on Iran risk lift for crude — what to watch before Monday

7 February 2026
U.S. oil stocks surged Friday as crude prices rose on renewed Middle East tensions. Exxon Mobil gained 2.0%, ConocoPhillips 2.5%, and Occidental Petroleum 2.7%. Refiners rallied after a national union deal eased strike risk, though BP’s Whiting plant faces a local dispute. Brent settled at $68.05 a barrel, up 0.74%.
Silver price rebound masks fresh stress after CME lifts margins again

Silver price rebound masks fresh stress after CME lifts margins again

7 February 2026
Spot silver surged 8.6% to $77.33 an ounce Friday after dropping below $65, but still lost over 8.7% for the week. CME Group raised margin requirements for COMEX silver futures to 18% from 15%, effective after Feb. 6. China’s UBS SDIC Silver Futures Fund hit its 10% down limit for a fifth session. Traders await key U.S. jobs and inflation data next week.
Gold price near $5,000: China keeps buying as CME margin hikes raise the stakes

Gold price near $5,000: China keeps buying as CME margin hikes raise the stakes

7 February 2026
China’s central bank raised gold reserves for a 15th month in January, reaching 74.19 million ounces worth $369.58 billion. Gold prices swung sharply, hitting a record near $5,600 before dropping to $4,403.24. CME Group hiked COMEX gold futures margins to 9% after recent volatility. U.S. jobs and inflation data are due next week after a delay.
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