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.

CoreWeave stock rises as Wells Fargo trims target and insiders signal sales

CoreWeave stock rises as Wells Fargo trims target and insiders signal sales

NEW YORK, Jan 8, 2026, 13:07 EST — Regular session CoreWeave shares rose 1.6% to $78.43 on Thursday, after Wells Fargo cut its price target on the AI cloud firm while keeping a buy-equivalent rating. The stock ranged between $76.03 and $79.92. Futu News The calls land at a moment when investors are trying to pin down what “AI infrastructure” is worth once you strip out the excitement and look at debt, buildout timing and cash needs. CoreWeave’s shares have swung sharply in recent months, including after the company previously warned of revenue pressure tied to delays in bringing data
8 January 2026
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Coinbase stock rises on BofA upgrade even as bitcoin slips toward $90,000

Coinbase stock rises on BofA upgrade even as bitcoin slips toward $90,000

NEW YORK, January 8, 2026, 13:16 EST — Regular session Coinbase Global shares were up 1.4% at $249.42 on Thursday after Bank of America upgraded the crypto exchange to “Buy,” giving the stock a company-specific boost in a market still tied to bitcoin’s mood swings. TipRanks The timing matters because Coinbase’s results still lean heavily on how much people trade crypto, and volumes can dry up fast when prices slide. This week’s pullback in bitcoin has put that link back on the screen. At the same time, investors have been watching whether Coinbase can turn itself into more of an
8 January 2026
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RTX stock swings after Trump calls for $1.5 trillion military budget, targets buybacks

RTX stock swings after Trump calls for $1.5 trillion military budget, targets buybacks

NEW YORK, Jan 8, 2026, 13:10 EST — Regular session RTX Corp (RTX.N) shares rose 1.3% to $188.09 in afternoon trading on Thursday, after earlier touching $197.00. The stock has seesawed as President Donald Trump pressed for a bigger Pentagon budget while warning defense contractors over dividends and buybacks. Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, well above the $901 billion approved for 2026, sparking a fresh bid for defense names in early trade. Northrop Grumman jumped 8.3% and Lockheed Martin rose 6.4%, while RTX climbed 3.7% and General Dynamics gained 3%, the report
8 January 2026
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IREN stock jumps 6% in Nasdaq trade as bitcoin miners rebound; CES buzz and payrolls ahead

IREN stock jumps 6% in Nasdaq trade as bitcoin miners rebound; CES buzz and payrolls ahead

New York, Jan 8, 2026, 12:58 EST — Regular session IREN Limited (NASDAQ: IREN) shares were up about 6.3% at $46.38 in midday trading on Thursday, after swinging between $42.69 and $47.57 earlier in the session. The move matters because IREN has become a fast, levered way to trade two themes at once: bitcoin-linked cash flows and demand for AI data center capacity. This week’s CES headlines have kept the AI side in play, while macro data on Friday could swing risk appetite across the tape. https://techcrunch.com/2026/01/06/ces-2026-everything-revealed-from-nvidias-debuts-to-amds-new-chips-to-razers-ai-oddities/ Bitcoin was little changed around $91,000, but U.S.-listed miners were mostly higher. Marathon
8 January 2026
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Ford stock jumps nearly 5% as Piper Sandler upgrades, 2028 “eyes-off” tech plan in focus

Ford stock jumps nearly 5% as Piper Sandler upgrades, 2028 “eyes-off” tech plan in focus

NEW YORK, Jan 8, 2026, 12:50 EST — Regular session Ford Motor (F.N) shares rose 4.7% to $14.39 by midday on Thursday after Piper Sandler upgraded the automaker to “overweight,” a call for the stock to outperform. The gain came as the broader S&P 500 was little changed. Reuters The upgrade lands as investors look for signs Detroit is finding profit again after a rough stretch for electric-vehicle bets and pricing. Ford this week reported a 6% rise in 2025 U.S. sales, leaning on hybrids and its compact Maverick pickup while electric-vehicle sales growth cooled. Reuters Ford has also put
8 January 2026
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AST SpaceMobile stock rebounds after Scotiabank downgrade — what’s next for ASTS

AST SpaceMobile stock rebounds after Scotiabank downgrade — what’s next for ASTS

New York, January 8, 2026, 12:43 PM EST — Regular session AST SpaceMobile (ASTS) shares were up 5.9% at $90.75 in midday trading on Thursday, after swinging between $85.11 and $93.96. The stock ended Wednesday at $85.73. The bounce follows a sharp jolt in a stock that has been a standout winner. ASTS fell 12% on Wednesday after a Scotiabank downgrade reignited valuation worries, and the shares traded as low as $83.91 in the session, Barron’s reported. The stock was still up about 304% over the past 12 months, and Barron’s said the company is not expected to turn profitable
8 January 2026
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Mastercard stock climbs as Apple taps JPMorgan for Apple Card, keeps Mastercard network

Mastercard stock climbs as Apple taps JPMorgan for Apple Card, keeps Mastercard network

New York, Jan 8, 2026, 12:43 EST — Regular session Mastercard Incorporated shares rose on Thursday after Apple said JPMorgan Chase will become the new issuer of the Apple Card while Mastercard remains the payment network. Mastercard stock was up about 0.8% at $584.47 in midday trading. Reuters The Apple Card is a rare, high-profile co-brand in U.S. consumer finance, and networks fight hard to keep those deals. For Mastercard, staying on as the “payment network” — the rails that route card purchases between merchants and banks — helps ring-fence volumes even as the issuing bank changes. Apple and Chase
8 January 2026
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GE Vernova stock slides 5% as a high-flying power trade cools ahead of earnings

GE Vernova stock slides 5% as a high-flying power trade cools ahead of earnings

New York, January 8, 2026, 12:41 (EST) — Regular session GE Vernova Inc. shares fell 5.3% to $627.44 in midday trading on Thursday, extending a pullback that began a session earlier. The stock dropped 3.5% on Wednesday. MarketBeat The move matters because GE Vernova has become a crowded way to play rising electricity demand, including from data centers, and the next company update is close. GE Vernova said it will report fourth-quarter and full-year 2025 results on Jan. 28, with a webcast at 7:30 a.m. ET. GE Vernova The selling hit other electrification and power-infrastructure names, too, as investors trimmed
8 January 2026
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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

New York, Jan 8, 2026, 12:43 ET — Regular session Lumentum Holdings Inc (LITE) shares fell 10.7% to $351.00 on Thursday, after touching $399.88 earlier in the session. The stock hit a low of $343.41 as the selloff spread through AI-linked hardware names. Lumentum designs and makes optical and photonic products used in optical networking and laser applications. Its Cloud & Networking unit sells components used in AI and machine-learning infrastructure and in data center interconnect (DCI), the gear that links data centers together. Reuters The move matters because Lumentum has turned into a fast trade on data-center capex, and
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

NEW YORK, January 8, 2026, 12:41 PM EST — Regular session Northrop Grumman Corp shares were up about 3.8% at $598.96 on Thursday, after ranging from $594.17 to $638.44 earlier in the session. The move came as defense stocks steadied after U.S. President Donald Trump called for a $1.5 trillion military budget in 2027, up from $901 billion approved for 2026. Reuters The bounce followed a rough Wednesday for the sector. Trump signed an executive order barring major defense contractors from paying dividends or buying back stock until they improve weapons output and meet delivery and cost targets, a rare
8 January 2026
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Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

New York, January 8, 2026, 11:27 EST — Regular session Walmart Inc shares fell 0.7% to $111.91 by late morning on Thursday after the retailer said it appointed Superhuman CEO Shishir Mehrotra to its board. The stock hit an intraday low of $109.86. The board move lands as Walmart leans harder on technology spending and pushes its online and store businesses closer together, a costly shift that investors keep scoring quarter by quarter. “Our focus remains on serving customers through a people-led, tech-powered approach,” board chair Greg Penner said. archive.fast-edgar.com It also puts a spotlight on the company’s near-term investor
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

New York, January 8, 2026, 11:27 EST — Regular session Lam Research shares fell 2.2% to $198.62 on Thursday, tracking a broader drop in semiconductor names. The stock touched $195.14 at its low so far. Lam, a major supplier of chipmaking tools, tends to swing with expectations for factory spending and the pace of upgrades at big chipmakers. That matters now because rate-sensitive tech has been jittery, and investors are trying to pin down whether early-year momentum can hold into earnings season. Applied Materials slid about 4.0%, KLA fell roughly 2.7% and ASML’s U.S.-listed shares dropped about 3.9%, while the
8 January 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:31 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
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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