ITC share price tumbles on new India cigarette tax — what investors watch next

ITC share price tumbles on new India cigarette tax — what investors watch next

NEW YORK, January 1, 2026, 03:07 ET — Market closed ITC Ltd (ITC.NS) fell sharply on Thursday, with the stock last down 8.9% at 367.10 rupees after India notified a higher excise duty on cigarettes. The shares traded between 402.30 and 362.70 rupees. mint The tax shock matters because it feeds directly into retail cigarette prices, and higher prices can curb consumption. Investors also watch whether the gap between legal and illegal prices widens, lifting the illicit market and squeezing reported volumes. India’s finance ministry late on Wednesday set an excise duty — a tax charged on specific goods —
Axsome stock jumps 23% after FDA sets April 30 deadline for Alzheimer’s agitation review

Axsome stock jumps 23% after FDA sets April 30 deadline for Alzheimer’s agitation review

NEW YORK, January 1, 2026, 03:20 ET — Market closed Axsome Therapeutics Inc shares jumped 22.9% to $182.64 in Wednesday’s session, after touching $184.40, with about 3.1 million shares traded. The CNS drugmaker said the U.S. Food and Drug Administration accepted and granted priority review to its supplemental new drug application for AXS-05 (dextromethorphan-bupropion) — marketed as Auvelity for major depressive disorder — for agitation in Alzheimer’s disease, setting an April 30 action date. “Up to 76% of people with Alzheimer’s disease experience agitation, representing a significant unmet medical need,” Chief Executive Herriot Tabuteau said. GlobeNewswire The priority review gives
INBS stock whipsaws after Intelligent Bio Solutions lines up $10 million funding

INBS stock whipsaws after Intelligent Bio Solutions lines up $10 million funding

NEW YORK, January 1, 2026, 03:10 ET — Market closed Intelligent Bio Solutions Inc said late Wednesday it will raise about $10 million in a private placement, sending its shares lower in after-hours trading after a sharp rally earlier in the session. The financing lands as the micro-cap medtech company pitches a faster path to scale for its fingerprint-based drug screening reader, with management pointing to lower production costs and higher profitability ahead of a planned U.S. market entry. Private placements are a common funding route for small companies, but they can dilute existing shareholders — meaning each share represents
Icahn Enterprises (IEP) stock ends 2025 with a pop — here’s what investors are watching next

Icahn Enterprises (IEP) stock ends 2025 with a pop — here’s what investors are watching next

NEW YORK, January 1, 2026, 03:09 ET — Market closed Icahn Enterprises’ depositary units last climbed 3.4% in the final trading session of 2025, bucking a broader year-end slide in U.S. stocks. The units settled at $7.55 on Wednesday. MarketWatch The move matters because liquidity is thin around year-end, and investors are repositioning into the first full session of 2026 after markets shut for New Year’s Day. That can amplify swings in smaller, higher-yield names. MarketWatch+2New York Stock Exchange+2 Attention has also centered on a recent disclosure tied to Icahn Enterprises’ quarterly distribution. A filing showed controlling unitholder Carl Icahn
Li Auto stock in focus after December deliveries; traders eye Nio, XPeng and Tesla next

Li Auto stock in focus after December deliveries; traders eye Nio, XPeng and Tesla next

NEW YORK, January 1, 2026, 03:16 ET — Market closed Li Auto Inc (2015.HK) (LI.O) said late Wednesday it delivered 44,246 vehicles in December, as Chinese electric-vehicle makers begin publishing year-end sales tallies. Nasdaq Li Auto’s U.S.-listed shares last closed down 34 cents, or about 2%, at $16.93. U.S. equity markets are closed on Thursday for New Year’s Day, with trading set to resume on Friday. Reuters The monthly delivery prints matter because they are one of the earliest reads on demand, and deliveries often map quickly into near-term revenue in the auto business. They also give investors a timely
Nike stock jumps on CEO’s $1 million buy — what NKE investors watch next

Nike stock jumps on CEO’s $1 million buy — what NKE investors watch next

NEW YORK, January 1, 2026, 03:06 ET — Market closed Nike (NKE) shares ended Wednesday up 4.1% at $63.71 after Chief Executive Elliott Hill disclosed an open-market purchase of 16,388 Class B shares at about $61.10 each, a regulatory filing showed. Under Armour’s two U.S.-listed share classes fell about 3% in the same session. MarketWatch+1 The move came in thin year-end trading as Wall Street closed out 2025 lower, a backdrop that can magnify stock-specific catalysts. Reuters data showed U.S. exchanges saw lighter-than-usual volumes in the holiday-shortened week. Reuters Why this matters now: Nike is trying to rebuild momentum after
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 01.01.2026

LIVEMarkets rolling coverageStarted: January 1, 2026, 12:24 AM ESTUpdated: January 1, 2026, 11:55 PM EST E to E Transportation Infrastructure lists on NSE SME at ₹330.60, up ~90% from IPO price January 1, 2026, 11:55 PM EST. E to E Transportation Infrastructure debuted on NSE SME on Jan 2 at ₹330.60, a ~90% premium to the ₹174 IPO price. Grey market premium (GMP) of ₹162 pointed to a likely listing near ₹336, about 93% above the upper band of ₹164-₹174. The IPO was massively oversubscribed, with total bids of 526.56x; retail bids at 544.28x, NII (non-institutional investors) 872.09x, and QIBs
Snowflake (SNOW) stock slips under $220 into year-end close as insider sale filings surface

Snowflake (SNOW) stock slips under $220 into year-end close as insider sale filings surface

NEW YORK, December 31, 2025, 21:17 ET — Market closed Snowflake Inc. (SNOW) shares fell 1.2% on Wednesday to $219.36, leaving the stock near the low end of the day’s $218.70-$222.35 range in the final U.S. session of 2025. The move matters because Snowflake sits in a high-growth pocket of software where valuations tend to swing with rate expectations and liquidity. Year-end trading can exaggerate those moves as funds rebalance and investors trim positions. Company-specific headlines were limited, but a cluster of new insider filings put share sales and transfers back on traders’ screens. Those disclosures can draw scrutiny even
DoorDash stock ends 2025 lower as Wall Street slips; New York settlement deadline nears

DoorDash stock ends 2025 lower as Wall Street slips; New York settlement deadline nears

NEW YORK, December 31, 2025, 21:13 ET — Market closed DoorDash (DASH.O) shares slipped on Wednesday, closing down 0.7% at $226.48 in the final U.S. trading session of 2025. The stock was down 0.3% at $225.88 in after-hours trading. StockAnalysis The muted move matters now because holiday-thinned volumes can amplify swings, and U.S. markets will shut on Thursday for New Year’s Day before reopening on Friday. Investors are also resetting positions after a strong year for U.S. equities. Reuters For DoorDash, the year-end close also lands on a deadline tied to New York’s settlement process for delivery workers, keeping labor
Wells Fargo stock ends 2025 lower as banks slip; WFC earnings and key US data ahead

Wells Fargo stock ends 2025 lower as banks slip; WFC earnings and key US data ahead

NEW YORK, December 31, 2025, 21:18 ET — Market closed. Shares of Wells Fargo & Co (WFC) fell 1.18% to close at $93.20 on Wednesday, extending a four-session slide into the last trading day of 2025. Volume was light at about 7.6 million shares, and the stock finished about 2.8% below its 52-week high of $95.85. MarketWatch The year-end dip matters because investors are resetting exposure to rate-sensitive bank stocks heading into 2026, with the path of interest rates and growth likely to set the tone. Bank investors focus on net interest income — what a lender earns on loans
KLA stock slides 2% in year-end trade as chip-equipment names fade; what investors watch next

KLA stock slides 2% in year-end trade as chip-equipment names fade; what investors watch next

NEW YORK, December 31, 2025, 21:12 ET — Market closed. KLA Corp shares (KLAC) fell 2.3% to $1,215.08 on Wednesday, tracking a pullback in semiconductor equipment stocks in thin year-end trading. The move matters because KLA is widely watched as a read-through on chipmakers’ spending, and the sector has been sensitive to interest-rate swings. Higher yields can pressure long-duration growth stocks — companies whose valuations lean heavily on future earnings. Reuters Treasury yields moved higher after new U.S. jobless claims unexpectedly fell, reinforcing a “higher-for-longer” rates debate heading into 2026. Initial claims dropped by 16,000 to 199,000 for the week
Applied Materials stock drops again as China’s “50% local tools” push weighs on AMAT

Applied Materials stock drops again as China’s “50% local tools” push weighs on AMAT

NEW YORK, December 31, 2025, 21:07 ET — Market closed Applied Materials shares fell 1.1% to $256.99 on Wednesday, extending a two-day slide into the year’s final session as chip-equipment stocks tracked policy-driven headlines out of China. China is requiring chipmakers to use at least 50% domestically made equipment for any new semiconductor manufacturing capacity, Reuters reported, a step that would steer orders toward local suppliers and away from foreign toolmakers. The policy is not publicly documented and is being enforced through state approval processes and procurement tenders, with officials pushing for levels above 50% and an eventual goal of

Stock Market Today

GSK share price set for Monday watch after EU clears Nucala COPD use

GSK share price set for Monday watch after EU clears Nucala COPD use

7 February 2026
GSK shares closed Friday up 0.83% at a 52-week high after the EU approved Nucala for certain uncontrolled COPD patients. Insider filings showed chairman Jonathan Symonds bought 2,500 shares while executive David Redfern sold 100,000. The FTSE 100 rose 0.6%. Broker ratings on GSK remained mixed.
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