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.

Pfizer stock price jumps as once‑monthly obesity shot data lands; June readout in focus

Pfizer stock price jumps as once‑monthly obesity shot data lands; June readout in focus

Pfizer shares rose 3.7% to $26.73 Wednesday after reporting Phase 2b trial results showing up to 12.3% placebo-adjusted weight loss at 28 weeks for its obesity drug PF’3944. The company reaffirmed its 2026 revenue and profit targets and said it will not pursue share buybacks. Pfizer reported Q4 adjusted EPS of 66 cents on $17.6 billion revenue. Full VESPER-3 results will be released June 6.
4 February 2026
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Snowflake stock skids as AI fears hit software; SNOW eyes Feb. 25 earnings

Snowflake stock skids as AI fears hit software; SNOW eyes Feb. 25 earnings

Snowflake Inc shares fell 7.5% to $160.24 by early afternoon Wednesday amid investor concerns over AI’s impact on software business models. The company announced a $200 million multi-year deal with OpenAI and launched new AI tools, including Cortex Code and Semantic View Autopilot. Snowflake’s fiscal 2026 results are due Feb. 25 after market close.
4 February 2026
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Seagate (STX) stock price slides 9% as AI-linked tech sells off; CEO share sale disclosed

Seagate (STX) stock price slides 9% as AI-linked tech sells off; CEO share sale disclosed

Seagate shares fell 9.4% to $402.82 by midday Wednesday after CEO William Mosley sold 20,000 shares on Feb. 2 under a 10b5-1 plan, according to an SEC filing. The drop followed a broader tech selloff as the Nasdaq slipped 1%. Other storage stocks, including Western Digital and Micron, also declined sharply. Seagate’s board declared a $0.74 quarterly dividend, payable April 8.
4 February 2026
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Disney stock rises as board taps parks chief Josh D’Amaro as next CEO

Disney stock rises as board taps parks chief Josh D’Amaro as next CEO

Walt Disney shares rose 3.1% to $107.47 Wednesday after the company named Josh D’Amaro as CEO effective March 18, with Dana Walden set to become president and chief creative officer. The leadership change follows Disney’s fiscal Q1 report showing 5% revenue growth to $26 billion but a 9% drop in segment operating income. Disney confirmed a $7 billion share buyback for fiscal 2026.
4 February 2026
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KLA stock drops again as chip-equipment names slide; what’s driving KLAC now

KLA stock drops again as chip-equipment names slide; what’s driving KLAC now

KLA shares fell 4.4% to $1,295.70 by midday Wednesday, deepening a multi-day slide and leaving the stock down 23% from its Jan. 29 peak. Applied Materials dropped 9%, Lam Research 10.6%, and ASML 5.3% as chip-equipment makers tracked a broader tech sell-off. Investors focused on upcoming industry events with key U.S. labor and inflation data delayed.
4 February 2026
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Verizon stock price rises as VZ outpaces a falling market amid buyback focus, Senate cyber pressure

Verizon stock price rises as VZ outpaces a falling market amid buyback focus, Senate cyber pressure

Verizon shares rose 1.3% to $46.85 in early Wednesday trading, near a one-year high, as about 19 million shares changed hands by 12:45 p.m. ET. The gain came despite broader market declines and as Senator Maria Cantwell pressed Verizon and AT&T to release documents on the “Salt Typhoon” cyber-espionage case. Verizon declared a $0.7075 quarterly dividend and outlined plans for $55 billion in shareholder returns through 2028.
4 February 2026
Costco stock rises ahead of January sales report after the bell — what to watch next

Costco stock rises ahead of January sales report after the bell — what to watch next

Costco shares rose 1.5% to $992.44 by midday Wednesday ahead of its January sales report due after the close. The stock rebounded from early losses, trading over 1.1 million shares as investors watched for fresh sales data. Mizuho raised its price target to $1,065, citing membership trends. January’s report is expected at 4:15 p.m. Eastern.
4 February 2026
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Cisco stock slips as Olympics networking win meets earnings countdown

Cisco stock slips as Olympics networking win meets earnings countdown

Cisco shares fell 1.2% to $82.15 by midday Wednesday as investors assessed new sports-event tech contracts ahead of next week’s earnings. The company confirmed deals to supply AI networking for NBC’s 2026 Olympics coverage and Wi‑Fi 7 routers at Super Bowl LX. Cisco will report Q2 results after markets close Feb. 11. November guidance projected Q2 revenue of $15.0–$15.2 billion.
4 February 2026
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Booking Holdings (BKNG) stock price slips as analysts spar over AI risk ahead of Feb. 18 results

Booking Holdings (BKNG) stock price slips as analysts spar over AI risk ahead of Feb. 18 results

Booking Holdings shares fell about 2% Wednesday, extending losses after a sharp selloff in travel stocks. Analyst opinions diverged on whether AI-powered travel search poses a threat or opportunity. Investors await Booking’s Feb. 18 earnings report. Leadership changes at KAYAK were also announced, with Peer Bueller named CEO.
4 February 2026
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Shopify stock price slides again as AI jitters hit software — what to watch next

Shopify stock price slides again as AI jitters hit software — what to watch next

Shopify shares fell 5.5% to $112.74 by midday Wednesday, extending a tech sell-off that began after an AI chatbot rollout stoked competition fears. Trading volume topped 10 million shares as software stocks slid across North America and Europe. Shopify’s fourth-quarter earnings call is set for Feb. 11. Investors remain focused on guidance amid concerns over AI’s impact on margins and demand.
4 February 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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