Today: 8 April 2026

Pinterest plunge, Alphabet bond sale and Warner Bros bidding war set up communication services stocks for Tuesday open

Pinterest plunge, Alphabet bond sale and Warner Bros bidding war set up communication services stocks for Tuesday open

Pinterest shares fell 16.9% Friday after the company warned of weaker ad demand from tariff-hit retailers, dragging the communication services sector lower ahead of the Presidents Day holiday. The XLC ETF slipped 0.1% as Meta and Alphabet also declined, while Disney and Netflix gained. U.S. markets will reopen Tuesday, with investors watching for media deal headlines and Fed minutes.
Industrial stocks get a CPI breather; what XLI’s Friday close says for next week

Industrial stocks get a CPI breather; what XLI’s Friday close says for next week

U.S. industrial stocks rose Friday after January CPI data came in below forecasts, with the XLI ETF up 0.8% at $174.17. Caterpillar gained 2.1%, GE 2.7%, and Boeing 1.5%, while Union Pacific slipped 1.3%. The broader market ended lower as tech stocks lagged. The next trading session is Tuesday after the Presidents Day holiday.
Big Tech stocks wobble as Apple, Nvidia slide on AI angst; what to watch before Tuesday

Big Tech stocks wobble as Apple, Nvidia slide on AI angst; what to watch before Tuesday

Apple fell 2.3% and Nvidia dropped 2.2% Friday as Big Tech stocks ended mostly lower, capping a volatile week marked by an “AI scare trade” and renewed scrutiny of tech spending. U.S. inflation cooled to 2.4% in January, but failed to steady tech shares. Markets close Monday for Washington’s Birthday and reopen Tuesday. Nvidia’s earnings on Feb. 25 are the next major event.
Cloud Computing Stocks Rebound as CPI Cools — What to Watch Before Palo Alto Earnings

Cloud Computing Stocks Rebound as CPI Cools — What to Watch Before Palo Alto Earnings

First Trust Cloud Computing ETF (SKYY) jumped 2.5% to $114.26 Friday, outperforming a weaker Nasdaq as U.S. inflation data came in below forecasts and Treasury yields fell. Peers CLOU and WCLD also gained over 2%. U.S. markets close Monday for Washington’s Birthday. Palo Alto Networks reports earnings Tuesday after the bell.
Goldman Sachs stock in focus after top lawyer quits over Epstein disclosures

Goldman Sachs stock in focus after top lawyer quits over Epstein disclosures

Goldman Sachs chief legal officer Kathy Ruemmler resigned after U.S. Justice Department documents revealed she accepted gifts from Jeffrey Epstein and advised him on media strategy. Goldman shares closed at $905.14, up 0.07%, following a volatile week. Ruemmler will retire effective June 30, 2026, according to an SEC filing. U.S. markets will be closed Monday for Presidents Day.
14 February 2026
Gold price jumps back above $5,000 after softer U.S. inflation — what traders watch next

Gold price jumps back above $5,000 after softer U.S. inflation — what traders watch next

Gold surged 2.1% to $5,022.06 an ounce Friday after U.S. inflation data raised bets on Federal Reserve rate cuts, reversing Thursday’s sharp drop below $5,000. Silver climbed 3.4% to $77.70. U.S. interest-rate futures now price nearly 70% odds of a Fed cut in June. Indian dealers switched to discounts as high prices dampened demand, while China’s central bank added gold for a 15th month.
14 February 2026
Oil stocks brace for OPEC+ April output decision after Exxon slips, refiners climb

Oil stocks brace for OPEC+ April output decision after Exxon slips, refiners climb

OPEC+ is considering restarting oil output hikes from April, with eight producers meeting March 1. Brent crude settled up 0.3% at $67.75 Friday, but both Brent and WTI posted weekly losses. U.S. markets close Monday for Presidents Day. Washington eased some Venezuela energy sanctions, allowing Chevron and others to operate under new Treasury rules.
Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

Applied Materials forecast second-quarter revenue of about $7.65 billion and adjusted profit above estimates, sending its shares up over 10% Friday and lifting Lam Research and KLA. The Philadelphia SE Semiconductor index rose 0.66%. Nvidia and Broadcom fell despite the sector rally. The Nasdaq slipped 0.22% while the S&P 500 edged up 0.05% as investors weighed inflation data and rate-cut bets.
Dow Jones at 49,500 after softer CPI — what to watch before Wall Street’s next session

Dow Jones at 49,500 after softer CPI — what to watch before Wall Street’s next session

The Dow closed up 48.95 points at 49,500.93 Friday but posted a 1.2% weekly drop, its biggest since November. January’s core CPI rose 0.3%, the smallest annual gain in nearly five years, sending the 10-year Treasury yield down to 4.05%. Traders now see a 52.3% chance of a Fed rate cut in June. The NYSE will be closed Monday for Washington’s Birthday.
Bitcoin price today: BTC holds near $70,000 as softer U.S. inflation shifts the week-ahead playbook

Bitcoin price today: BTC holds near $70,000 as softer U.S. inflation shifts the week-ahead playbook

Bitcoin climbed 1.3% to $69,661 on Saturday, following a 4.9% jump after Friday’s U.S. inflation data. Treasury yields fell as traders kept bets on Fed rate cuts alive. U.S. spot bitcoin ETFs saw $410 million in outflows Thursday, led by BlackRock and Fidelity. Coinbase reported a surprise quarterly loss on weaker trading volumes.

Stock Market Today

  • Nurix Therapeutics Q1 Earnings Miss Expectations with Wider Loss and Revenue Decline
    April 8, 2026, 8:56 AM EDT. Nurix Therapeutics, Inc. (NRIX) reported a first-quarter loss of $0.79 per share, worse than the anticipated $0.76 loss and wider than last year's $0.67 loss. Quarterly revenues dropped sharply to $6.25 million, missing estimates by over 57% and down from $18.45 million a year ago. The company exceeded earnings per share (EPS) expectations in only two of the past four quarters and topped revenue estimates once during that period. Shares have declined 13.8% year-to-date, underperforming the S&P 500's 3.3% drop. The stock holds a Zacks Rank #3 (Hold), suggesting performance in line with the market near term. Investors await management's commentary and future earnings estimate revisions to gauge stock direction amid a challenging biomedical and genetics sector outlook.

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Netflix Stock Draws Fresh Institutional Buying Ahead of Earnings After Goldman Upgrade

Netflix Stock Draws Fresh Institutional Buying Ahead of Earnings After Goldman Upgrade

8 April 2026
Stock Yards Bank & Trust Co. increased its Netflix stake by 1,141.9% to 29,074 shares in Q4, while Ethos Capital Management disclosed a new 19,610-share position worth $1.84 million. The moves come ahead of Netflix’s April 16 earnings report and follow a Goldman Sachs upgrade to Buy with a $120 target. Insiders Reed Hastings and Greg Peters sold shares earlier this year under preset trading plans. Netflix last traded at $98.82.
Alphabet Stock (GOOG, GOOGL) Faces Split Fund Bets Ahead of Earnings After Fresh 13F Reports

Alphabet Stock (GOOG, GOOGL) Faces Split Fund Bets Ahead of Earnings After Fresh 13F Reports

8 April 2026
Zevenbergen Capital increased its Alphabet Class A share holdings by 27.4% in Q4, while Lombard Odier and Empirical Wealth Management reduced their Class C positions, according to April 7 filings. Alphabet will report first-quarter results on April 29. GOOG and GOOGL traded near $304 before Wednesday’s U.S. open. The filings reflect holdings as of December 31 and may not show current positions.
Nvidia Stock Edges Up, but Broadcom’s Google TPU Deal Raises Stakes in AI Chip Race

Nvidia Stock Edges Up, but Broadcom’s Google TPU Deal Raises Stakes in AI Chip Race

8 April 2026
Broadcom announced a multiyear deal to develop Google’s next-generation TPUs and supply AI rack components through 2031. Nvidia shares rose 0.3% premarket, while Broadcom jumped 6.3% after the news. Anthropic said it will access 3.5 gigawatts of TPU compute from 2027 and reported Claude’s run-rate revenue above $30 billion. Analysts say custom ASICs could begin taking AI inference share from Nvidia starting in 2027.
Why IonQ, D-Wave and Rigetti Stocks Are Falling After Mizuho Cut Price Targets

Why IonQ, D-Wave and Rigetti Stocks Are Falling After Mizuho Cut Price Targets

8 April 2026
Shares of IonQ, D-Wave Quantum, and Rigetti Computing fell Wednesday after Mizuho analyst Vijay Rakesh cut price targets on all three, citing a sector reset following Nvidia’s GTC conference. New targets are $61 for IonQ, $31 for D-Wave, and $33 for Rigetti. D-Wave reported $884.5 million in cash at 2025 year-end and record 2026 bookings. IonQ forecast 2026 revenue of $225 million to $245 million.
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