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.

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

NEW YORK, Jan 8, 2026, 11:45 EST — Regular session Lockheed Martin shares rose 5.2% to $522.56 on Thursday, extending a volatile two-day stretch after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027. The stock hit $542.66 earlier in the session before drifting back. Reuters The whipsaw matters because the same White House that is talking up a much larger defense top line is also threatening to police how contractors spend their cash. “A limit on capital return is an incremental negative, but the size is manageable,” Morgan Stanley analysts led by Kristine Liwag wrote,
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

New York, January 8, 2026, 11:31 EST — Regular session Western Digital Corp (WDC) shares fell about 9% on Thursday, extending a sharp pullback in storage names after this week’s CES-driven jump. The stock was down 8.6% at $182.63 after opening above $200. The swing matters because Western Digital, a maker of hard-disk drives — spinning disks used for bulk data storage — has become a quick way for traders to express views on the AI data-center buildout. After two sessions of big moves, some investors are starting to ask how much of the storage boom is already in the
8 January 2026
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Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

New York, Jan 8, 2026, 11:07 ET — Regular session Netflix stock was down 0.4% at $90.34 on Thursday, slipping as Paramount Skydance renewed its push to buy Warner Bros Discovery and took fresh aim at the structure of Netflix’s agreed deal for Warner’s studios and streaming assets. Paramount reiterated its $30-per-share all-cash offer and said the cable-network spin-off central to Netflix’s proposal was effectively worth less than nothing; Paramount’s tender offer expires on Jan. 21. Reuters The sparring matters for Netflix shareholders because Netflix stock is part of the consideration in the Warner transaction, and a “collar” (a preset
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

NEW YORK, Jan 8, 2026, 11:13 AM ET — Regular session JPMorgan Chase & Co (JPM) shares rose about 1.1% to $330.65 in late morning trading on Thursday after the bank said it will become the new issuer of Apple’s Apple Card, replacing Goldman Sachs. The deal is subject to regulatory approvals and is not expected to close for roughly two years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Goldman Chief Executive David Solomon said. Reuters The agreement would bring more than $20 billion in card balances to Chase’s platform once completed, adding heft
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

NEW YORK, Jan 8, 2026, 11:21 EST — Regular session Strategy Inc shares rose on Thursday as investors digested MSCI’s decision to keep so-called digital asset treasury companies in its global benchmarks, at least through the next review. The move matters because index membership can drive forced buying and selling from funds that track benchmarks. Losing that slot can turn into a mechanical hit, especially for stocks that already trade like crypto proxies. MSCI is keeping the group in for now, but it is also tightening the screws. The index provider said it plans a broader consultation on “non-operating” companies,
8 January 2026
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Sandisk Corporation stock slides 11% as CES rally cools; BofA lifts target to $390

Sandisk Corporation stock slides 11% as CES rally cools; BofA lifts target to $390

New York, January 8, 2026, 11:05 AM EST — Regular session Sandisk Corporation shares were down about 11% at $315.04 in late morning trade, after closing at $353.56 on Wednesday. The stock opened at $360.91 and swung between $313.29 and $363.74, as a pullback hit storage and memory names across the tape. The drop lands just days after investors rushed into the group on Nvidia CEO Jensen Huang’s comments at CES about AI’s demand for memory and storage hardware. Huang called AI-specific storage and memory “a completely unserved market today,” Investopedia reported. Investopedia Bank of America Securities added fuel on
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

New York, January 8, 2026, 10:47 EST — Regular session Advanced Micro Devices shares fell 1.4% to $207.08 in morning trading on Thursday, sliding with the broader chip group. Nvidia was down about 1.4% and Intel fell 2.5%, while the iShares Semiconductor ETF dropped 1.8%. The pullback comes two days after AMD used the CES trade show in Las Vegas to lay out its latest artificial-intelligence chips — the business Wall Street cares about most right now. Chief executive Lisa Su highlighted the MI455 processors for server racks sold to customers including OpenAI, and introduced the MI440X for on‑premise enterprise
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

NEW YORK, Jan 8, 2026, 10:51 (EST) — Regular session Broadcom Inc shares fell 3.1% in morning trade on Thursday, tracking a dip across chip and AI names after Reuters reported Nvidia is demanding full upfront payment for its H200 chips in China. Reuters Broadcom was down $10.65 at $332.85 by 10:35 a.m. EST, near the session’s low of $332.15. Nvidia chief Jensen Huang said customer demand was “quite high”, but the report said some Chinese firms were asked to pause orders as regulators weigh approvals. Reuters The move matters now because Broadcom sits on the same trade: data-center plumbing,
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

New York, January 8, 2026, 10:41 EST — Regular session Shares of EQT Corp slipped on Thursday as the natural gas price turned lower after a government storage report. EQT was down 1.1% at $53.88, while Henry Hub natural gas futures fell 2.7% to $3.431 per million British thermal units (mmBtu) by mid-morning. The weekly storage figure is the market’s gut check in winter. It feeds straight into expectations for how tight supply will look if cold snaps arrive, or don’t. The U.S. Energy Information Administration (EIA) reported a 119-billion-cubic-foot (Bcf) withdrawal for the week ended Jan. 2, leaving working
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

NEW YORK, Jan 8, 2026, 10:23 (EST) — Regular session Bitcoin slipped on Thursday and kept U.S.-listed crypto-linked shares on the defensive in morning trade. The token was down about 0.9% at $90,380, after ranging between $91,640 and $89,312. Coinbase fell 0.2%, while Strategy slid 1.3% and BlackRock’s iShares Bitcoin Trust ETF was down about 0.8%; miner Marathon rose 0.8% but Riot fell 1.6%. One immediate drag: fund flows. U.S. spot bitcoin exchange-traded funds — ETFs, products that trade like stocks — logged $486 million of net outflows on Wednesday, with BlackRock’s IBIT and Fidelity’s FBTC seeing the biggest withdrawals,
8 January 2026
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Endeavour Silver stock slips as silver price drops despite record 2025 output

Endeavour Silver stock slips as silver price drops despite record 2025 output

New York, January 8, 2026, 10:12 EST — Regular session Shares of Endeavour Silver fell about 4% to $9.68 in morning trade on Thursday, after the miner posted record 2025 output but silver prices slid. The stock traded between $9.49 and $9.90 early in the session. The move matters because the silver complex is taking hits from both macro nerves and mechanical flows. Spot silver was down 4.5% at $74.63 an ounce around 9:40 a.m. ET, with traders watching the Bloomberg Commodity Index rebalancing and Friday’s U.S. nonfarm payrolls report. “There’s just going to be pressure for the next few
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

New York, January 8, 2026, 10:12 EST — Regular session Gold-linked stocks fell in early New York trade on Thursday as the gold price eased and traders cut exposure ahead of U.S. jobs data.Newmont (NEM) was down about 2.9% and the VanEck Gold Miners ETF (GDX) slid about 2.3%, while the SPDR Gold Shares ETF (GLD) eased roughly 0.4% by mid-morning. The timing matters. Friday’s employment report is the next big read on how fast the Federal Reserve can keep cutting rates, and gold tends to react hard to shifts in that view.The Chicago Fed’s estimate put December unemployment at
8 January 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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