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.

Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

New York, Jan 7, 2026, 13:34 (ET) — Regular session Microchip Technology shares fell about 3% on Wednesday, giving back part of Tuesday’s 12% run-up after the chipmaker lifted its quarterly sales outlook. The stock was down $2.30 at $72.57 in afternoon trade. Barron’s The pullback matters because Microchip is a read on demand in the slower, more cyclical side of semiconductors, where customers have spent months burning off excess inventories. The company has pointed to clients working through stockpiles built during the pandemic, a shift that can change order patterns fast. Reuters Late Monday, Microchip raised its net sales
7 January 2026
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Gold price slips, GLD stock falls as traders brace for Friday’s U.S. jobs report

Gold price slips, GLD stock falls as traders brace for Friday’s U.S. jobs report

New York, January 7, 2026, 13:40 ET — Regular session. SPDR Gold Shares (GLD), a popular proxy for the gold price in U.S. stock trading, fell 0.9% on Wednesday, tracking a pullback in bullion after a recent run. The ETF was at about $409.60 in early afternoon trade. The dip matters now because gold has been trading like a rates product as much as a haven. After a sharp rally, investors are stripping out leverage ahead of a dense stretch of U.S. labour data and a late-month Federal Reserve meeting. Gold pays no interest. When traders lean toward Fed cuts,
7 January 2026
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Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

New York, Jan 7, 2026, 13:33 (EST) — Regular session The Dow Jones Industrial Average, about 1.3% shy of 50,000, slipped on Wednesday as bank shares retreated and traders digested fresh labor-market data. At 11:50 a.m. ET, the Dow fell 85.82 points, or 0.17%, to 49,376.26, while the S&P 500 gained 0.19% and the Nasdaq climbed 0.59%. JPMorgan slid 2.5% after Wolfe Research cut its rating, and “the economic news sort of fueled a little bit of profit taking,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. Reuters The blue-chip index logged another record close on Tuesday, up 0.99%
7 January 2026
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Why First Solar stock is sliding today: Jefferies downgrade puts 2026 bookings in the spotlight

Why First Solar stock is sliding today: Jefferies downgrade puts 2026 bookings in the spotlight

New York, Jan 7, 2026, 13:34 ET — Regular session Shares of First Solar (FSLR.O) fell about 10% on Wednesday after Jefferies downgraded the U.S. solar module maker to “Hold,” warning that expectations for 2026 are running ahead of what the company can likely deliver. The stock was down 9.9% at $242.05 in afternoon trading. The downgrade lands after a strong rally late last year that pushed the stock close to a 52-week high, leaving little room for surprises in a sector that still trades on policy headlines. First Solar ended Tuesday at $268.78, about 6% below its 52-week high
7 January 2026
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AppLovin stock rises after Piper Sandler sticks with $800 target as earnings loom

AppLovin stock rises after Piper Sandler sticks with $800 target as earnings loom

New York, January 7, 2026, 13:29 (ET) — Regular session AppLovin (APP.O) shares rose 3.5% to $638.63 in afternoon trade on Wednesday after Piper Sandler analyst James Callahan reiterated an Overweight rating — meaning he expects the stock to outperform — and kept an $800 price target. Piper pointed to encouraging U.S. e-commerce advertising signals and stronger Black Friday and Cyber Monday checks, according to an Investing.com report. Investing.com The call lands as investors hunt for proof that AppLovin can widen its ad business beyond mobile games, a push that has become the stock’s main debate. Benchmark analyst Miike Hickey
7 January 2026
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Bloom Energy stock jumps 7% as traders revisit Wells Fargo $600 million credit line

Bloom Energy stock jumps 7% as traders revisit Wells Fargo $600 million credit line

NEW YORK, January 7, 2026, 13:10 EST — Regular session Bloom Energy (BE) shares rose 7.5% to $110.82 in afternoon trading on Wednesday, after touching $112.38 earlier in the session. The stock traded between $103.75 and $112.38 on volume of about 10.2 million shares. The move keeps focus on Bloom, which sells solid-oxide fuel cells that generate electricity without combustion and can be deployed as on-site microgrids when grid power is scarce. “Leaders in the AI industry … do not enjoy the luxury of being able to wait for traditional grid infrastructure,” Bloom’s chief commercial officer Aman Joshi said in
7 January 2026
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Oracle stock slips as Jefferies sticks with $400 target; jobs report and dividend date loom

Oracle stock slips as Jefferies sticks with $400 target; jobs report and dividend date loom

New York, January 7, 2026, 13:23 (ET) — Regular session Oracle Corp (ORCL) shares slipped on Wednesday as investors digested a Jefferies note earlier this week that reiterated a Buy rating and kept a $400 price target. The stock was down about 0.2% at $193.40 in afternoon trade, after moving between $192.20 and $195.49. About 6 million shares had changed hands. Investing.com The stakes are bigger than a one-day move. Oracle’s AI push hinges on turning signed cloud contracts into revenue while it expands data-center capacity. In its latest quarterly report, Oracle said remaining performance obligations — booked contracts not
7 January 2026
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CrowdStrike stock jumps 6% as Cantor sticks with $590 target and CRWD leads cyber rally

CrowdStrike stock jumps 6% as Cantor sticks with $590 target and CRWD leads cyber rally

New York, January 7, 2026, 13:10 (EST) — Regular session CrowdStrike Holdings Inc (CRWD.O) shares climbed 5.6% to $483.88 on Wednesday, leading a broad rise in cybersecurity stocks. Palo Alto Networks rose 4.7%, Fortinet gained 3.0% and SentinelOne added 1.8%. The move comes as traders in high-growth software weigh fresh signs the U.S. labor market is cooling, a backdrop that can swing appetite for rate-sensitive tech. Private payrolls rose by 41,000 in December, below economists’ forecasts, according to ADP. Reuters Cantor Fitzgerald reiterated an Overweight rating and kept a $590 price target on CrowdStrike, pointing to improving subscription momentum. Investors
7 January 2026
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Bank of America stock slides after Wolfe downgrade as earnings clock ticks

Bank of America stock slides after Wolfe downgrade as earnings clock ticks

New York, Jan 7, 2026, 13:06 ET — Regular session Bank of America Corporation shares fell nearly 2% on Wednesday after Wolfe Research downgraded the lender to “peer perform,” pointing to limited upside and a tougher setup for 2026 estimates. The stock was down 2.0% at $56.13 in midday trading. Investing.com UK The Wolfe call lands as big banks head into earnings season with valuations already elevated after last year’s run. “We are taking some chips off the table,” Wolfe analyst Steven Chubak wrote, as investors brace for results from the largest U.S. lenders next week. Bloomberg.com JPMorgan Chase is
7 January 2026
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Coinbase stock slips as bitcoin cools and Wall Street checks the fine print

Coinbase stock slips as bitcoin cools and Wall Street checks the fine print

New York, Jan 7, 2026, 12:43 PM EST — Regular session Shares of Coinbase Global, Inc. (COIN) were down 1.6% at $246.50 on Wednesday, after trading as low as $245.48 and as high as $254.35. Bitcoin slipped 0.7% to about $91,488 and ether fell 2.4% to roughly $3,160, cooling risk appetite across crypto-linked stocks. The U.S. crypto exchange’s stock often tracks swings in digital assets because a large share of its revenue still comes from transaction fees. When prices chop around, traders look for one thing: volume. If customers don’t trade, the fee pool dries up. That matters now because
7 January 2026
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Boeing stock edges higher on Alaska’s 110-jet order, but MAX 10 approval is the next hurdle

Boeing stock edges higher on Alaska’s 110-jet order, but MAX 10 approval is the next hurdle

New York, Jan 7, 2026, 12:40 EST — Regular session Boeing stock rose modestly on Wednesday after Alaska Air Group placed its biggest-ever aircraft order with the planemaker. Shares were up 0.4% at $230.78, after climbing nearly 2% earlier in the session. Reuters The order lands as Boeing tries to lift jet output under close U.S. regulatory scrutiny. The Federal Aviation Administration approved Boeing to raise 737 MAX production to 42 a month in October, ending a cap imposed after a January 2024 mid-air panel blowout on a MAX 9. Reuters It also drags attention back to the 737 MAX
7 January 2026
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Robinhood stock slips after CEO’s sale filing; HOOD in focus ahead of Feb. 10 earnings

Robinhood stock slips after CEO’s sale filing; HOOD in focus ahead of Feb. 10 earnings

New York, Jan 7, 2026, 12:41 EST — Regular session Robinhood Markets Inc (HOOD.O) shares fell 2.1% to $119.14 in midday trading on Wednesday after a filing showed Chief Executive Vladimir Tenev planned to sell up to 375,000 shares, worth about $43.2 million, through Morgan Stanley Smith Barney. The stock traded between $117.61 and $121.95. SEC The move matters because Robinhood has become a crowded trade after a strong run: its shares nearly tripled in 2025, Reuters Breakingviews reported, putting more weight on insider transactions and small shifts in expectations. Reuters Form 144 is a notice insiders file ahead of
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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