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.

Goldman Sachs stock falls after Apple Card handoff report — here’s what investors watch next

Goldman Sachs stock falls after Apple Card handoff report — here’s what investors watch next

New York, Jan 7, 2026, 17:18 EST — After-hours Goldman Sachs shares fell 1.7% to $941.02 in after-hours trading on Wednesday after the Wall Street Journal reported JPMorgan Chase had reached a deal to take over Apple’s credit-card program from the Wall Street bank. The Journal said the Apple Card book totals about $20 billion and that Goldman is expected to offload the balances at a discount of more than $1 billion. Reuters The report puts a price tag — at least on paper — on Goldman’s pullback from consumer banking. Losing Apple also clears a high-profile tie-up that had
7 January 2026
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AST SpaceMobile (ASTS) stock sinks 12% after Scotiabank downgrade calls valuation ‘irrational’

AST SpaceMobile (ASTS) stock sinks 12% after Scotiabank downgrade calls valuation ‘irrational’

New York, January 7, 2026, 17:12 EST — After-hours AST SpaceMobile shares fell 12.1% on Wednesday after Scotiabank cut its rating on the satellite-to-smartphone company, dragging the stock to $85.73 at the close. The shares traded between $95.25 and $84.10 in the session. The move matters because the stock has been priced for a smooth build-out. ASTS has gained about 324% over the past 12 months and jumped about 34% in the last week, data cited by Investing.com showed, leaving it near a 52-week high before Wednesday’s drop. Investing.com Scotiabank analyst Andres Coello downgraded AST to sector underperform — a
7 January 2026
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UnitedHealth stock drops after-hours as Optum UK sale talk swirls ahead of Jan. 27 earnings

UnitedHealth stock drops after-hours as Optum UK sale talk swirls ahead of Jan. 27 earnings

New York, Jan 7, 2026, 17:15 EST — After-hours UnitedHealth Group Inc (UNH) shares fell about 2% to $341.70 in after-hours trading on Wednesday, after sliding through the close. The stock ranged from $338.11 to $349.55 during the session, leaving traders watching whether the late-day low holds into Thursday. The pullback comes as investors look for signs the company is trimming edges ahead of its next guidance. Sky News reported on Tuesday that private equity firm TPG is close to buying Optum UK for between 1.2 billion pounds and 1.4 billion pounds ($1.62 billion to $1.89 billion), with Bank of
7 January 2026
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Boeing stock slips after-hours despite Alaska Airlines’ record jet order, with earnings next on Jan. 27

Boeing stock slips after-hours despite Alaska Airlines’ record jet order, with earnings next on Jan. 27

New York, Jan 7, 2026, 5:16 PM EST — After-hours Boeing shares slipped about 0.7% to $228.12 in after-hours trading on Wednesday, even after Alaska Airlines unveiled its biggest aircraft order ever with the U.S. planemaker. The deal matters because it puts fresh attention on Boeing’s ability to deliver on a long-stalled growth model: build more jets, clear regulatory hurdles, and turn a swelling order book into aircraft in customers’ hands. Alaska’s order is heavy on the 737 MAX 10, a model that still needs certification — regulatory approval to fly passengers — and that makes the timeline, and the
7 January 2026
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Lam Research stock pulls back after-hours as fresh $260 Buy call runs into Jan. 28 earnings

Lam Research stock pulls back after-hours as fresh $260 Buy call runs into Jan. 28 earnings

New York, January 7, 2026, 17:02 ET — After-hours Lam Research (LRCX.O) shares ended down 1.9% on Wednesday and were last at $203.08 in after-hours trade, after swinging between $200.04 and $206.77 in the regular session. The drop snapped a three-day winning streak and left the chip-tool maker about 3.5% below its $210.45 52-week high, set a day earlier. Volume climbed to 14.8 million shares, above its 50-day average, as the S&P 500 and Dow slid and chip-related names also softened. marketwatch.com Why it matters now: Lam has been a momentum name in chip equipment, and the stock is close
7 January 2026
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Lockheed Martin stock slides after Patriot missile deal, Goldman sticks to $430 sell target

Lockheed Martin stock slides after Patriot missile deal, Goldman sticks to $430 sell target

NEW YORK, Jan 7, 2026, 17:02 EST Lockheed Martin has struck a seven-year framework agreement with the U.S. Department of War to more than triple production capacity of its PAC-3 missile interceptors, a key part of the Patriot air-defense system. Output is expected to rise to about 2,000 a year from roughly 600 as demand for air defenses climbs, and the missiles have also been supplied to Ukraine. The U.S. military awarded Lockheed a record $9.8 billion contract in September for 1,970 Patriot missiles. Reuters The deal lands as the department tries to push munitions into a faster, steadier production
7 January 2026
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Netflix stock steadies after Warner board rejects Paramount bid again, earnings next

Netflix stock steadies after Warner board rejects Paramount bid again, earnings next

New York, Jan 7, 2026, 16:56 EST — After-hours Netflix (NFLX.O) shares were up 0.1% at $90.73 in after-hours trading on Wednesday after Warner Bros. Discovery (WBD.O) told shareholders to reject Paramount Skydance’s (PSKY.O) amended tender offer and stick with Netflix’s merger agreement. “Paramount’s offer continues to provide insufficient value,” Warner chair Samuel A. Di Piazza Jr. said. Netflix traded between $90.09 and $92.41 in the regular session; Warner Bros. Discovery was up 0.3% and Paramount Skydance fell 1.1%. Warner Bros. Discovery The renewed rejection keeps Netflix’s stock tethered to a question bigger than subscriber churn or content slates: can
7 January 2026
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JPMorgan set to take over Apple Card from Goldman in $20 billion switch

JPMorgan set to take over Apple Card from Goldman in $20 billion switch

NEW YORK, January 7, 2026, 16:45 EST JPMorgan Chase has struck a deal to take over Apple Inc.’s credit-card program from Goldman Sachs, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. JPMorgan would become the new issuer — the bank that extends the credit and runs the account — for Apple Card, one of the largest co-branded card programs in the United States with about $20 billion in balances, the report said. JPMorgan and Goldman declined to comment, and Apple did not immediately respond to a request for comment. Reuters For JPMorgan, the deal would
7 January 2026
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Western Digital stock sinks after CES-fueled rally cools; WDC traders eye jobs data next

Western Digital stock sinks after CES-fueled rally cools; WDC traders eye jobs data next

New York, January 7, 2026, 16:54 EST — After-hours Western Digital Corp shares were down 8.9% at $199.88 in after-hours trading on Wednesday. The stock swung between $219.36 and $195.30 in the session. The pullback followed a burst of buying on Tuesday that sent storage-linked names to fresh highs after Nvidia’s Jensen Huang outlined new AI hardware and a new layer of storage technology at CES in Las Vegas. Western Digital rose 17% on Tuesday, while flash-memory spinoff SanDisk jumped more than 27% and peers Seagate Technology and Micron Technology also rallied. “I think we’re going to have a very
7 January 2026
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Broadcom stock barely budges after hours as AVGO prices $4.5 billion bond deal

Broadcom stock barely budges after hours as AVGO prices $4.5 billion bond deal

NEW YORK, January 7, 2026, 16:38 EST — After-hours Broadcom shares were little changed after the close on Wednesday, last down about 0.1% at $343.50. The chipmaker’s latest move is on the balance sheet: it has now put firm price tags on a four-part bond sale, tapping long-dated funding as investors keep one eye on rates and one on big-ticket tech spending. The broader tape stayed jumpy. The S&P 500 ended lower while the Nasdaq finished higher, helped by AI-linked mega-caps, Reuters reported. “Rumors that the AI trade was done turned out not to be true,” said Jake Dollarhide, chief
7 January 2026
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Sandisk Corporation stock steadies after CES-fueled spike as Jan. 29 earnings loom

Sandisk Corporation stock steadies after CES-fueled spike as Jan. 29 earnings loom

New York, Jan 7, 2026, 16:44 (ET) — After-hours Sandisk Corp shares were last up 1.2% at $353.56 in after-hours trading on Wednesday. Western Digital and Seagate slid 8.9% and 6.7%, but Sandisk held near the highs after a 27%+ jump on Tuesday tied to Nvidia CEO Jensen Huang’s CES remarks on a new layer of storage technology; it traded between $331.74 and $355.10 on Wednesday. Nvidia rose 1%, and “we’re going to have a very strong earnings season for Big Tech,” said Jed Ellerbroek at Argent Capital, pointing to higher capital spending. Reuters The trade matters because investors are
7 January 2026
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Eli Lilly stock jumps after $1.2B Ventyx buy as obesity-pill bets come into focus

Eli Lilly stock jumps after $1.2B Ventyx buy as obesity-pill bets come into focus

New York, Jan 7, 2026, 4:55 PM EST — After-hours Eli Lilly and Co shares climbed on Wednesday after the drugmaker agreed to buy Ventyx Biosciences in a $1.2 billion deal, pressing ahead with its push beyond blockbuster diabetes and weight-loss drugs. Lilly stock ended up 4.1% at $1,108.09, after touching $1,117.37, for a market value around $1 trillion. reuters.com The move matters because Lilly’s valuation leaves little room for stumbles. Investors have started to look past the first wave of obesity demand and toward what fills the pipeline later in the decade, especially if pricing gets tougher. Pills are
7 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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