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.

Celestica stock slides nearly 6% as AI-linked hardware names retreat ahead of U.S. jobs report

Celestica stock slides nearly 6% as AI-linked hardware names retreat ahead of U.S. jobs report

NEW YORK, Jan 8, 2026, 15:42 EST — Regular session Celestica Inc shares fell 5.8% to $288.20 in afternoon trading on Thursday, after opening at $311.53 and sliding as low as $281.34. About 2.4 million shares had changed hands. The drop matters because Celestica has turned into a high-beta read-through on spending for cloud and data-center gear, and investors have started to flinch at rich valuations across the AI supply chain. “It’s become a ‘show me’ sector,” said Art Hogan, chief market strategist at B. Riley Wealth. Reuters Across Wall Street, Treasury yields rose ahead of Friday’s U.S. nonfarm payrolls
8 January 2026
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Cloudflare stock (NET) drops 7% as tech turns wary; insider sales filed, payrolls next

Cloudflare stock (NET) drops 7% as tech turns wary; insider sales filed, payrolls next

New York, January 8, 2026, 15:42 EST — Regular session Cloudflare Inc shares fell about 7% on Thursday, pulling the cybersecurity and content delivery firm lower after a strong close the day before. The stock was down 7.1% at $188.32, after opening at $201.71 and touching $185.82. The selling came as investors stepped back from big tech and other AI-linked trades, putting pressure on the broader technology sector. “It’s become a ‘show me’ sector. Show me how you monetize this,” said Art Hogan, chief market strategist at B. Riley Wealth, pointing to worries about returns on capex, or capital spending.
8 January 2026
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Fabrinet stock slides after T. Rowe Price filing as tech shares dip

Fabrinet stock slides after T. Rowe Price filing as tech shares dip

New York, Jan 8, 2026, 15:42 EST — Regular session Fabrinet shares fell 6.5% to $439.75 in afternoon trade on Thursday, down $30.75 from the prior close, after touching a session low of $431.20. The drop tracked declines across electronics contract manufacturers and AI-linked hardware, with Celestica down 6.3%, Sanmina off 3.7% and Nvidia lower by about 2%. Separately, T. Rowe Price Associates disclosed in a Schedule 13G filing that it held 4.04 million Fabrinet shares, or 11.3% of the company, as of Dec. 31. Schedule 13G is a short-form report used by investors who cross the 5% ownership threshold
8 January 2026
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Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

NEW YORK, Jan 8, 2026, 15:08 EST — Regular session Viavi Solutions Inc shares fell about 8% to $17.03 in afternoon trading on Thursday, after touching a session low of $16.98. About 3.0 million shares had changed hands by 3:08 p.m. EST. The drop came amid a broader pullback in U.S. technology stocks that pushed the S&P 500 and Nasdaq lower, with investors weighing fresh labor-market data and looking ahead to Friday’s U.S. nonfarm payrolls report. Reuters Earlier on Thursday, the company said it had integrated RF Viewer — an augmented reality tool that overlays data on a live video
8 January 2026
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Western Digital stock slides again after CES-fueled spike — what investors watch next

Western Digital stock slides again after CES-fueled spike — what investors watch next

New York, January 8, 2026, 15:04 EST — Regular session Western Digital Corp shares were down 7.6% at $184.75 in afternoon trading on Thursday, after swinging between $180.70 and $201.78 earlier in the session. About 9.3 million shares had changed hands. The drop fits a broader pullback in AI-linked memory and storage names that had sprinted higher at the start of the year, leaving the market quick to punish any wobble. In a Reuters report, B. Riley Wealth chief market strategist Art Hogan called AI “a ‘show me’ sector” as investors weigh who can turn big spending into returns, with
8 January 2026
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MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

New York, Jan 8, 2026, 15:03 EST — Regular session MYR Group Inc shares were down 7.6% at $218 on Thursday afternoon, putting the electrical contractor among the sharper decliners in U.S. infrastructure-linked stocks. The stock opened higher and then slid, hitting an intraday low of $215.30. The selling came as major U.S. indexes eased and Treasury yields firmed, with investors reluctant to add risk before Friday’s nonfarm payrolls report. That report is a key input for rate-cut bets because it can shift views on growth and inflation. Reuters Fresh labor-market data did little to calm nerves. Initial jobless claims
8 January 2026
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MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

New York, January 8, 2026, 14:55 ET — Regular session MasTec, Inc. (MTZ) shares fell about 8.9% to $214.86 in afternoon trading on Thursday, after opening near $236 and sliding to an intraday low of $213.98. The stock was last down $20.89 on the day. The move underscores how quickly sentiment can flip in U.S. infrastructure contractors, where investors have been leaning into multi-year work tied to power grids, pipelines and network upgrades. When the trade gets crowded, small shifts in risk appetite can turn into a big tape move. MasTec’s drop came alongside a broader selloff in the group.
8 January 2026
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Carpenter Technology stock slides as investors size up Jan. 29 earnings catalyst

Carpenter Technology stock slides as investors size up Jan. 29 earnings catalyst

New York, Jan 8, 2026, 14:53 EST — Regular session Carpenter Technology (NYSE: CRS) shares fell about 8% on Thursday, giving back early gains after notching a fresh intraday peak. The specialty-alloy maker was down $27.95 at $312.33 in afternoon trade, after opening at $345 and swinging between $347.99 and $308.90. The stock move comes with a near-term catalyst on the calendar. Carpenter said it will release fiscal second-quarter results before the market opens on Jan. 29 and host a conference call at 10 a.m. ET that day. GlobeNewswire That date matters because Carpenter’s last update set a tough yardstick
8 January 2026
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Legence (LGN) stock drops nearly 9% today as contractors slide ahead of U.S. payrolls

Legence (LGN) stock drops nearly 9% today as contractors slide ahead of U.S. payrolls

New York, Jan 8, 2026, 14:38 EST — Regular session Legence Corp (LGN.O) shares fell about 9% to $43.99 on Thursday, after earlier touching $48.79. The stock closed at $48.32 on Wednesday. The pullback lands on a newly public name that has moved fast since its September debut. Blackstone-backed Legence raised $728 million in an IPO priced at $28 a share and sells engineering and maintenance work for building systems, including heating and air conditioning. Reuters Broader markets offered little shelter. Wall Street was mixed on Thursday and traders focused on Friday’s nonfarm payrolls report for December, with technology shares
8 January 2026
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Arcus Biosciences (NYSE:RCUS) stock slides on Morgan Stanley downgrade as casdatifan 2026 timeline sharpens

Arcus Biosciences (NYSE:RCUS) stock slides on Morgan Stanley downgrade as casdatifan 2026 timeline sharpens

New York, January 8, 2026, 14:40 EST — Regular session Arcus Biosciences (RCUS) shares slid 9.3% to $21.05 in afternoon trading on Thursday, after earlier touching $22.70. The stock hit a session low of $21.02. Morgan Stanley cut its rating on Arcus to “equal weight” from “overweight” and trimmed its price target to $20 from $23, Investing.com reported, calling the risk-reward more balanced after a strong 2025 run. The Nasdaq Biotechnology Index was down about 2.8%. Investing.com Arcus laid out its 2026 playbook late Wednesday, keeping casdatifan — which it has billed as a potential best-in-class HIF-2a inhibitor, a protein
8 January 2026
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ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight

ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight

New York, Jan 8, 2026, 14:50 ET — Regular session ICON Public Limited Company shares fell sharply on Thursday, sliding $16.09, or about 7.9%, to $186.83 in afternoon trading after a Truist Securities downgrade knocked sentiment. Truist cut ICON to “hold” from “buy” and lowered its price target to $222 from $231, according to reports of the note. GuruFocus The timing matters because ICON is nearing the point where it has to put numbers around 2026. In a Form 6-K dated Wednesday, the contract research group said it intends to issue full-year 2026 guidance alongside its fourth-quarter and full-year 2025
8 January 2026
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Coherent (COHR) stock slides nearly 10% as investors turn picky on AI-linked optics

Coherent (COHR) stock slides nearly 10% as investors turn picky on AI-linked optics

New York, Jan 8, 2026, 14:31 EST — Regular session Coherent Corp shares slid 9.6% to $173.31 in afternoon trading on Thursday, reversing earlier gains as a wave of selling hit some AI-linked hardware names. The stock ranged from $192.50 to $173.29, with volume running a bit above its recent average. The drop comes as investors get more selective about pricey AI-related stocks after a big run, even as the broader U.S. market stayed mixed. “While AI is still hot, there are going to be winners and losers,” said Art Hogan, chief market strategist at B. Riley Wealth. Reuters The
8 January 2026
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Stock Market Today

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
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