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.

XRP Price Slips After WisdomTree Pulls XRP ETF Filing as Traders Eye U.S. Jobs Data

XRP Price Slips After WisdomTree Pulls XRP ETF Filing as Traders Eye U.S. Jobs Data

New York, January 7, 2026, 14:36 ET — Regular session XRP fell about 2.2% to $2.19 on Wednesday after WisdomTree asked U.S. regulators to withdraw its proposed spot XRP exchange-traded fund, a filing showed. The sponsor said it had decided “not to proceed at this time” and that no shares were sold under the registration statement, first filed on Dec. 2, 2024. XRP traded between $2.17 and $2.32 in the session. SEC The dip comes as big financial firms keep pushing deeper into crypto products, betting investor demand will hold and rules will stay friendlier. Morgan Stanley filed on Tuesday
7 January 2026
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Thermo Fisher stock cools after 52-week high as TD Cowen lifts target ahead of earnings

Thermo Fisher stock cools after 52-week high as TD Cowen lifts target ahead of earnings

New York, Jan 7, 2026, 14:12 EST — Regular session Thermo Fisher Scientific shares edged lower on Wednesday after TD Cowen raised its price target on the life-sciences tools maker, with investors taking stock after the stock’s sprint to a fresh 52-week high. Benzinga The pullback matters because Thermo Fisher is coming into a busy stretch of scheduled events. Chief Executive Marc Casper is due to present at the J.P. Morgan Healthcare Conference on Jan. 13, and quarterly results follow on Jan. 29 — two chances for management to frame demand from pharma and biotech customers after a strong start
7 January 2026
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Johnson & Johnson stock rises on Ottava robot FDA filing as investors scan pipeline updates

Johnson & Johnson stock rises on Ottava robot FDA filing as investors scan pipeline updates

New York, Jan 7, 2026, 14:25 EST — Regular session Johnson & Johnson shares rose 0.9% to $206.62 on Wednesday, after the healthcare company said it filed its OTTAVA robotic surgical system with U.S. regulators. The stock traded between $204.62 and $208.25. The filing puts fresh attention on J&J’s MedTech push, a part of the business investors want to see grow as hospitals spend on new tools and procedures. A credible path to market for a surgical robot would also set up a direct fight in a field dominated by Intuitive Surgical. It lands at a busy moment for the
7 January 2026
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Marvell stock slides after $540 million XConn deal — here’s what Wall Street is pricing in

Marvell stock slides after $540 million XConn deal — here’s what Wall Street is pricing in

New York, January 7, 2026, 14:09 EST — Regular session Marvell Technology, Inc. shares fell about 4% on Wednesday, giving back some of the prior session’s gain after the chipmaker unveiled a fresh acquisition aimed at data-center connectivity. The stock was down $3.66 at $84.57 in afternoon trade. The retreat comes as investors weigh how fast Marvell can turn a push into AI infrastructure into sales growth, and whether it can defend share against larger rivals with deep customer ties. Marvell said on Tuesday it would buy networking equipment provider XConn Technologies in a deal valued at about $540 million;
7 January 2026
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Lumentum stock drops as Tuesday’s AI-optics sprint fades; earnings date now the next test

Lumentum stock drops as Tuesday’s AI-optics sprint fades; earnings date now the next test

New York, Jan 7, 2026, 14:04 EST — Regular session Lumentum Holdings (LITE.O) shares were down about 4.2% at $380.55 on Wednesday, after swinging between $365.73 and $394.00 in choppy Nasdaq trade. The slide followed a 11.3% surge on Tuesday to $397.42, a move that pushed the optical components maker back toward recent highs as traders leaned into AI-linked hardware names. Yahoo Finance Why it matters now: Lumentum on Jan. 5 set Feb. 3 for fiscal second-quarter results, due after the market close, with a webcast scheduled for 5 p.m. ET. Investors are watching for updated signals on data-center optics
7 January 2026
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Costco stock slips ahead of December sales report after the bell

Costco stock slips ahead of December sales report after the bell

New York, January 7, 2026, 14:14 (ET) — Regular session Costco Wholesale shares fell about 0.5% to $884.59 in afternoon trading on Wednesday, with investors waiting for the retailer’s December sales update due after the market close. Costco Investor Relations The monthly release is a fast checkpoint after the holiday rush, and it can move expectations before the next wave of earnings reports hits the retail sector. Traders will zero in on comparable sales — sales at warehouses open at least a year — and what they imply for membership momentum, where Costco makes most of its profit. Costco beat
7 January 2026
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Seagate (STX) stock slides as AI storage rally cools after record run

Seagate (STX) stock slides as AI storage rally cools after record run

New York, Jan 7, 2026, 14:02 ET — Regular session Shares of Seagate Technology Holdings plc fell about 7% on Wednesday, giving back part of a sharp rally that pushed the data-storage maker to record highs a day earlier. The stock was down around 7.2% at $306.74 in afternoon trading, after dipping to roughly $299. Tuesday’s jump put Seagate in the middle of a broader bid for “AI infrastructure” names after Nvidia CEO Jensen Huang spoke at the Consumer Electronics Show in Las Vegas. Seagate gained 14% in that session as SanDisk jumped more than 27% and Western Digital rallied
7 January 2026
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Natural gas price stock UNG jumps as Henry Hub futures rebound; storage report looms

Natural gas price stock UNG jumps as Henry Hub futures rebound; storage report looms

New York, Jan 7, 2026, 13:57 EST — Regular session Shares of the United States Natural Gas Fund LP (UNG) rose 4.2% on Wednesday, tracking a rebound in U.S. natural gas futures. Front-month Henry Hub futures were up about 3.4% at $3.464 per million British thermal units (mmBtu). CME Group The move matters now because the market has been lurching around on short-term weather model shifts. Futures for February delivery dropped as much as 5.9% to $3.404 on Monday on forecasts for warmer temperatures next week, Bloomberg reported. Supply has not gone away. Constellation said in a weekly market note
7 January 2026
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Nvidia stock edges up as China pauses H200 orders, complicating AI chip sales

Nvidia stock edges up as China pauses H200 orders, complicating AI chip sales

New York, Jan 7, 2026, 14:00 EST — Regular session Nvidia shares rose on Wednesday after The Information reported that Beijing had told some Chinese tech firms to halt orders for Nvidia’s H200 chips this week while it considers the terms for letting local companies buy the processors. The report said China was expected to steer buyers toward domestic AI chips and noted the Trump administration approved H200 exports late last year on condition Nvidia shares 25% of the revenue with the U.S. government; the Chinese embassy in Washington said China was willing to “maintain dialogue and cooperation” to safeguard
7 January 2026
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XRP price today: WisdomTree drops XRP ETF plan as token slides, payrolls in focus

XRP price today: WisdomTree drops XRP ETF plan as token slides, payrolls in focus

New York, Jan 7, 2026, 13:49 EST — Regular session XRP fell on Wednesday after the sponsor of the proposed WisdomTree XRP Fund asked the U.S. Securities and Exchange Commission to withdraw its registration statement, saying it had decided not to proceed “at this time” and that no shares had been sold. The token was down about 2.2% at $2.19 by 1:49 p.m. EST, after touching $2.32 earlier in the day. SEC The pullback lands as crypto trades more like a risk asset again, tracking shifts in rates and equity sentiment rather than idiosyncratic blockchain headlines. On Wall Street, investors
7 January 2026
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Bitcoin price slips as Strategy stock rises on MSCI index reprieve

Bitcoin price slips as Strategy stock rises on MSCI index reprieve

NEW YORK, Jan 7, 2026, 13:44 (EST) — Regular session Strategy shares rose on Wednesday after MSCI backed away from a plan that could have pushed the bitcoin-heavy company out of major benchmarks, even as bitcoin slipped. Bitcoin was down about 0.7% at $91,253 and Strategy was up about 2% in afternoon trade; Coinbase fell about 2.5%. MSCI said on Tuesday it would keep the current treatment of “digital asset treasury companies” — firms it defines as having crypto holdings worth at least 50% of total assets — and open a broader consultation on how non-operating companies should be handled.
7 January 2026
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Silver price stock SLV slides as spot silver drops; U.S. payrolls report looms

Silver price stock SLV slides as spot silver drops; U.S. payrolls report looms

New York, Jan 7, 2026, 13:51 EST — Regular session Shares of iShares Silver Trust (SLV) fell about 4% on Wednesday, giving back part of this week’s surge in the silver price. The silver-backed trust was down 4.1% at $70.72 in early afternoon trade, after ranging from $69.26 to $72.20. Spot silver, the cash price for immediate delivery, was down 5% at $77.26 an ounce by late morning New York time as investors locked in gains and the U.S. dollar held firm; gold, platinum and palladium also fell. “We’re viewing today’s pullback as general profit taking after that recent surge,”
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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