Today: 7 February 2026
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Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Brent oil price breaks $70 as Iran tensions lift crude — what traders watch next

Brent oil price breaks $70 as Iran tensions lift crude — what traders watch next

Brent crude futures surged over 2% Thursday, briefly topping $70 a barrel for the first time in four months, as traders weighed the risk of a U.S. strike on Iran and possible closure of the Strait of Hormuz. U.S. crude inventories fell by 2.3 million barrels last week, while winter storms cut U.S. output by up to 2 million barrels per day. OPEC+ is expected to keep output steady at its February 1 meeting.
29 January 2026
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US gasoline price today: futures climb as winter storm squeezes supply, drivers eye next EIA data

US gasoline price today: futures climb as winter storm squeezes supply, drivers eye next EIA data

NYMEX RBOB gasoline futures rose 1.06% to $1.9243 a gallon early Thursday, after a winter storm disrupted U.S. refinery operations. AAA reported the national average pump price at $2.87 a gallon, nearly unchanged from Wednesday. Gasoline inventories increased slightly, while refinery utilization slipped to 90.9%, according to EIA data. Brent crude closed Wednesday at $67.85 a barrel.
29 January 2026
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Mortgage rates today hover near 6% after Fed pause — what homebuyers watch next

Mortgage rates today hover near 6% after Fed pause — what homebuyers watch next

U.S. 30-year fixed mortgage rates hovered near 6% Thursday, with Zillow reporting 5.99% and Mortgage News Daily at 6.16%. The Mortgage Bankers Association said applications dropped 8.5% last week, while the average contract rate rose to 6.24%, the highest in three weeks. The Fed held its policy rate steady Wednesday, and the 10-year Treasury yield closed at 4.26%.
29 January 2026
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Oil prices jump again as Brent breaks $70 on Iran strike fears

Oil prices jump again as Brent breaks $70 on Iran strike fears

Brent crude topped $70 Thursday as fears of a potential U.S. strike on Iran and a U.S. winter storm disrupting output fueled a price surge. U.S. crude stocks fell by 2.3 million barrels last week, pushing inventories 3% below the five-year average. A U.S. carrier group moved closer to Iran, raising geopolitical risk. Both Brent and WTI are on track for their biggest monthly gains since July 2023.
29 January 2026
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Meta jumps, Microsoft slides: AI stocks hit a payback test before Wall Street opens

Meta jumps, Microsoft slides: AI stocks hit a payback test before Wall Street opens

Meta rose 7.9% in premarket trading after raising its spending outlook and posting stronger-than-expected revenue. Microsoft fell 6.4% as investors questioned cloud growth and mounting AI costs. U.S. AI stocks looked volatile ahead of Apple’s results. Stock index futures edged up after the Fed held rates steady.
29 January 2026
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XRP price dips today despite Ripple Treasury rollout and fresh U.S. court ruling

XRP price dips today despite Ripple Treasury rollout and fresh U.S. court ruling

XRP fell 3.1% to $1.86 early Thursday after Ripple launched its “Ripple Treasury” platform and won a key Ninth Circuit ruling blocking federal claims in an XRP class action. Bitcoin and ether also declined. The Federal Reserve left rates unchanged Wednesday. The White House will meet bank and crypto leaders Feb. 2 to discuss the stalled “Clarity Act” and stablecoin rewards.
29 January 2026
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Bitcoin price slips below $88,000 as Fed pause and ETF outflows keep crypto pinned

Bitcoin price slips below $88,000 as Fed pause and ETF outflows keep crypto pinned

Bitcoin fell 1.8% to $87,686 in early New York trading Thursday after the Federal Reserve held rates steady and signaled no imminent cuts. U.S. spot bitcoin ETFs saw $19.6 million in net outflows on Jan. 28, with BlackRock’s IBIT losing $14.2 million and Fidelity’s FBTC gaining $19.5 million. Ether dropped 3% to $2,924. Gold surged 4% Wednesday, nearing $5,400 an ounce.
29 January 2026
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Silver price today: record $120 spike fades as safe-haven demand meets Fed uncertainty

Silver price today: record $120 spike fades as safe-haven demand meets Fed uncertainty

Silver jumped to a record $120.45 an ounce Thursday before retreating, up nearly 64% in 2026. Spot silver last traded at $117.42, lifted by safe-haven demand amid U.S.-Iran tensions and a weaker dollar. Traders are watching U.S. policy and jobs data for rate-cut signals. Copper and gold also rose as metals rallied.
29 January 2026
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Gold price today: $5,600 record streak keeps traders watching Iran, Fed chair pick

Gold price today: $5,600 record streak keeps traders watching Iran, Fed chair pick

Spot gold hit a record $5,594.82 an ounce early Thursday before easing to $5,516.71, up 2.2%. U.S.-Iran tensions and a weaker dollar fueled safe-haven demand. The Fed left rates unchanged Wednesday, with Chair Powell signaling patience. U.S. February gold futures peaked at $5,626.80, while SPDR Gold Trust holdings reached their highest since May 2022.
29 January 2026
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US stock market today: S&P 500 futures rise as Meta surges, Microsoft drops ahead of Apple earnings

US stock market today: S&P 500 futures rise as Meta surges, Microsoft drops ahead of Apple earnings

S&P 500 and Nasdaq futures rose early Thursday as Meta jumped 7.9% and Tesla gained 2.9% after earnings, while Microsoft fell 6.4%. Rare-earth miners dropped on reports the Trump administration may pull back mineral price supports. The S&P 500 closed Wednesday at 6,978.03 after briefly topping 7,000, while the Fed held rates steady and gave little guidance on cuts.
29 January 2026
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FTSE 100 rises as miners lift London stocks; 3i soars, Lloyds upgrades targets

FTSE 100 rises as miners lift London stocks; 3i soars, Lloyds upgrades targets

London’s FTSE 100 rose 0.44% to 10,198.75 by 1105 GMT, led by mining and financial stocks. Gold surged near $5,600 an ounce, hitting new highs as investors sought safe havens amid geopolitical tensions and a weaker dollar. 3i Group jumped 14% after strong results from Action, while Lloyds gained 0.5% on a profit beat and new share buyback. Sterling hovered near multi-year highs against the dollar.
29 January 2026
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Dow Jones futures edge up as IBM pops and Microsoft drops before inflation data

Dow Jones futures edge up as IBM pops and Microsoft drops before inflation data

Dow E-mini futures rose 42 points early Thursday as IBM jumped 8.3% on strong earnings and Microsoft fell 6.4% amid doubts over AI spending. Meta surged 7.9%, Tesla gained 2.9%. Investors await jobless claims and PCE inflation data at 8:30 a.m. ET, with Apple set to report earnings after the close. The Dow closed Wednesday up 12.19 points at 49,015.60.
29 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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