Today: 5 June 2026

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.

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

SAP shares fell about 12% in Frankfurt on Thursday, heading for their steepest daily drop since October 2020 after cloud backlog and 2026 revenue outlook missed expectations. The selloff erased roughly $150 billion from SAP’s value since its 2025 peak. Fourth-quarter revenue matched forecasts, but investors focused on weaker backlog conversion. SAP’s next updates are due February 26 and April 23.
29 January 2026
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IBM stock price jumps before the bell after earnings beat — what traders are watching next

IBM stock price jumps before the bell after earnings beat — what traders are watching next

IBM shares rose nearly 8% in premarket trading Thursday after fourth-quarter revenue and profit beat estimates, with the stock reaching $317.27. IBM reported $19.7 billion in revenue, driven by strong software and mainframe sales, and expects 2026 constant-currency revenue growth above 5%. Red Hat growth slowed to 10%. IBM will stop reporting its “AI book of business” metric separately next quarter.
29 January 2026
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Tesla stock steadies premarket as Musk’s $2 billion xAI bet meets a $20 billion spending surge

Tesla stock steadies premarket as Musk’s $2 billion xAI bet meets a $20 billion spending surge

Tesla shares rose 0.1% premarket to $431.46 after the company announced a $20 billion-plus 2026 capex plan and a $2 billion investment in Elon Musk’s AI startup xAI. Tesla will end Model S and X production, focus on Cybercab robotaxi and robotics, and reported Q4 revenue of $24.90 billion, down 3% year-on-year. Fourth-quarter deliveries fell 16% to 418,227 vehicles.
29 January 2026
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ServiceNow stock slides nearly 6% premarket after strong 2026 outlook fails to calm deal jitters

ServiceNow stock slides nearly 6% premarket after strong 2026 outlook fails to calm deal jitters

ServiceNow shares fell nearly 6% premarket Thursday after a quarterly report and a weak 2026 outlook, trading at $122.27. The company reported Q4 subscription revenue of $3.47 billion and forecast 2026 subscription revenue up to $15.57 billion. The board approved an additional $5 billion for share buybacks, including a $2 billion accelerated repurchase. ServiceNow also closed a $7.75 billion deal for cybersecurity firm Armis.
29 January 2026
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Microsoft stock drops in premarket after record AI spend puts Azure payoff in focus

Microsoft stock drops in premarket after record AI spend puts Azure payoff in focus

Microsoft shares fell 5.7% to about $454 in premarket trading Thursday after its quarterly report highlighted a 66% jump in capital spending, mainly for AI infrastructure. Revenue rose 17% to $81.3 billion, with cloud sales up 26%. Investors expressed concern over rising costs outpacing sales growth and potential pressure on cloud margins from higher chip prices.
29 January 2026
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Meta stock price jumps after earnings — but $135 billion AI capex is the new battleground

Meta stock price jumps after earnings — but $135 billion AI capex is the new battleground

Meta shares surged nearly 7% in early Frankfurt trading after the company reported a 24% jump in Q4 revenue to $59.89 billion and issued a strong Q1 forecast. Meta raised its 2026 capital expenditure guidance to $115–$135 billion, citing increased investment in AI infrastructure. Operating margin fell to 41% from 48% a year earlier. Investors weighed robust ad sales against rising costs and regulatory pressures.
29 January 2026
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Aviva share price climbs as gilt yields hit a two-month high — what to watch before March results

Aviva share price climbs as gilt yields hit a two-month high — what to watch before March results

Aviva shares rose 0.5% to 637.8p in early London trading as ten-year gilt yields hit 4.569%, their highest since November. The Office for National Statistics will begin using supermarket checkout data for inflation from February, potentially trimming CPI by 0.03 points. Aviva’s full-year results are due March 5. The insurer expects a further update on its Solvency II capital model at that time.
29 January 2026
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Antofagasta stock price jumps 6% as gold outlook rises and costs fall, despite copper miss

Antofagasta stock price jumps 6% as gold outlook rises and costs fall, despite copper miss

Antofagasta shares jumped 6% in early London trading after the miner reported a 9% rise in fourth-quarter copper output and lower net cash costs. Full-year copper production slipped 1.6% to 653,700 tonnes, while gold and molybdenum output rose sharply. The company kept its 2026 copper forecast and set capital spending at $3.4 billion. Non-executive director Andrónico Luksic Craig resigned, with Andrónico Luksic Lederer joining the board in March.
29 January 2026
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SSE share price slips in London as UK wealth fund spotlights the power grid; Feb update looms

SSE share price slips in London as UK wealth fund spotlights the power grid; Feb update looms

SSE shares slipped 0.2% to 2,408 pence by 0924 GMT, trailing the FTSE 100’s 0.5% gain. The UK National Wealth Fund confirmed a financial guarantee for SSEN Transmission’s grid upgrades as part of a new five-year strategy. SSE will pay its interim dividend on Jan. 30 and report third-quarter results on Feb. 4. The stock remains near a 52-week high after gaining 52% in the past year.
29 January 2026
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Vodafone share price today: VOD edges up near a 52-week high as Centrica deal and buyback keep focus on Feb 5 update

Vodafone share price today: VOD edges up near a 52-week high as Centrica deal and buyback keep focus on Feb 5 update

Vodafone shares rose 0.1% to 106.45 pence in early London trading, near a 52-week high, after announcing a four-year UK enterprise deal with Centrica and a new subsea fibre project in Greece. The company repurchased 2.52 million shares on Jan. 27. Investors await Vodafone’s third-quarter trading update and interim dividend schedule on Feb. 5.
29 January 2026
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Ashtead share price slides nearly 5% as Sunbelt NYSE listing countdown begins

Ashtead share price slides nearly 5% as Sunbelt NYSE listing countdown begins

Ashtead shares fell 4.9% in early London trading after the company set a timetable for its planned U.S. primary listing. Sunbelt Rentals filed a Form 10 with the SEC, triggering a 30-day countdown, with trading in New York and London targeted for March 2. Ashtead continued its buyback, purchasing 73,921 shares on Jan. 28. The interim dividend will be paid Feb. 6 at 37.5 U.S. cents or 27.60 pence per share.
29 January 2026
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SAP earnings: shares sink on cloud backlog doubts despite €10 billion buyback

SAP earnings: shares sink on cloud backlog doubts despite €10 billion buyback

SAP shares fell 11% Thursday, their steepest drop since 2020, after a cloud backlog update missed expectations. Fourth-quarter revenue matched forecasts at 9.7 billion euros, with cloud revenue slightly above estimates. SAP announced a new two-year, 10 billion euro share buyback. The decline weighed on Germany’s DAX, which slipped 0.9% in early trading.
29 January 2026
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National Grid share price slips as gilt yields climb — what to watch next for NG.L

National Grid share price slips as gilt yields climb — what to watch next for NG.L

National Grid shares fell 0.65% to 1,222.5 pence in early London trading Thursday, retreating from a 52-week high set Wednesday. Rising UK gilt yields pressured utility stocks, as 10-year yields hit 4.569%, their highest since November. Investors await National Grid’s RIIO-T3 regulatory briefing on Thursday. Societe Generale may conduct price-support operations for a €500 million securities offering.
29 January 2026
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Stock Market Today

  • BHP Secures Rail Agreements for Jansen Potash Project Ahead of Production
    June 5, 2026, 3:30 PM EDT. BHP Group's subsidiary, BHP Canada Inc., has sealed four-year transportation contracts with Canadian National Railway and Canadian Pacific Kansas City. This ensures dual rail connectivity for the Jansen potash project, set for initial production by mid-2027. The logistics framework connects Jansen directly to Vancouver's Westshore Terminals, enhancing supply-chain stability for international potash exports. Jansen is a high-grade resource with over 100 years of mine life, projected to reach 8.51 million tons annual capacity, positioning BHP as a top global potash producer by decade-end. Shares have risen 79.1% in the past year. BHP focuses capital expenditure on copper and potash to leverage trends like decarbonization and electrification, with Stage 2 production expected in fiscal 2031.

Latest articles

Valens Semiconductor Drops 38% as Chip Stocks Slide

Valens Semiconductor Drops 38% as Chip Stocks Slide

5 June 2026
Valens Semiconductor shares crashed 38% to $2.00 on record volume after May U.S. payrolls surged, sparking a broad chip stock selloff and sector-wide valuation reset, despite Valens’ Q1 revenue beating guidance and analysts holding a mean “buy” rating with a $4.333 target before the rout.
AMD Stock Slumps as AI Chip Trade Meets a Jobs-Report Shock

AMD Stock Slumps as AI Chip Trade Meets a Jobs-Report Shock

5 June 2026
Lider Electric’s LN-1450RH and LN-1450RHW NEMA 14-50 receptacles received UL certification with Electric Vehicle Marking, targeting the fast-growing home EV charging market as private light-duty vehicle charging points topped 43 million in 2025, but the crowded field and installation requirements pose challenges for adoption.
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