Dow Jones slips as Microsoft earnings jolt the AI trade; Apple results loom

Dow Jones slips as Microsoft earnings jolt the AI trade; Apple results loom

By 1:31 p.m. EST, the Dow Jones Industrial Average had dropped 143.74 points to 48,871.86, while the S&P 500 and Nasdaq fell 0.73% and 1.46%. Microsoft plunged 12.2% after weak cloud revenue, pulling the Dow lower. Oil prices rose over 2% amid concerns about a possible U.S. strike on Iran. Apple is set to report its strongest iPhone sales growth in four years after the bell.
Microsoft stock price tumbles 12% as record AI spending and Azure outlook rattle Wall Street

Microsoft stock price tumbles 12% as record AI spending and Azure outlook rattle Wall Street

Microsoft shares fell 12% to $423.78 Thursday as investors reacted to soaring AI spending and questions over cloud growth. Quarterly revenue rose 17% to $81.3 billion, while capital spending jumped 66% to $37.5 billion, mostly on chips. The sell-off followed Microsoft’s disclosure that 45% of its cloud backlog is tied to OpenAI. CFO Amy Hood cited AI chip constraints as a limit on Azure growth.
Coinbase stock slides nearly 6% as bitcoin dips under $85,000; Washington crypto talks loom

Coinbase stock slides nearly 6% as bitcoin dips under $85,000; Washington crypto talks loom

Coinbase shares fell 5.7% to $197.50 Thursday after bitcoin dropped below $85,000, pulling down other crypto-related stocks. The selloff came as Washington prepares for a White House meeting on stablecoin rewards, with regulatory uncertainty weighing on sentiment. Investors are watching Coinbase’s Feb. 12 earnings call for updates on trading volumes and revenue.
KLA stock price rises today as KLAC earnings loom after the bell

KLA stock price rises today as KLAC earnings loom after the bell

KLA Corp shares rose $28.33, or 1.7%, to $1,655.53 by early afternoon Thursday, with 562,000 shares traded. Investors are watching for KLA’s fiscal Q2 earnings after the close, with forecasts at $8.79 per share on $3.24 billion revenue. Chip-equipment stocks moved after Lam Research beat estimates and issued strong guidance. KLA’s conference call is set for 2:00 p.m. PT.
Bank of America stock price today: BAC outperforms as Fed pause sharpens rate bets

Bank of America stock price today: BAC outperforms as Fed pause sharpens rate bets

Bank of America shares climbed 1.9% to $52.78 Thursday, outperforming as the Federal Reserve held rates steady and signaled patience on cuts. Wells Fargo and JPMorgan also gained. Bank of America and Wells Fargo will match the government’s proposed $1,000 “Trump Account” contribution for eligible employees’ families, according to internal memos. Key U.S. inflation and jobs data are due in early February.
Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems shares jumped 8.5% to $37.50 Thursday after reporting a 29% year-over-year rise in quarterly sales to $229.2 million and issuing strong March-quarter guidance. The stock outperformed the semiconductor sector, with rivals ON Semiconductor and NXP Semiconductors each down about 4%. Allegro forecast fourth-quarter sales of $230–$240 million and non-GAAP EPS of $0.14–$0.18.
29 January 2026
Liberty Energy stock price jumps nearly 20% after Q4 results and data-center power push

Liberty Energy stock price jumps nearly 20% after Q4 results and data-center power push

Liberty Energy shares surged nearly 20% Thursday after the company reported fourth-quarter revenue of $1.0 billion and net income of $14 million, beating analyst expectations. Liberty raised its quarterly dividend by 13% to 9 cents a share and announced plans to deploy 3 GW of power projects by 2029. The company’s results contrasted with sector peers, who saw smaller gains.
Corning (GLW) stock slips as Meta deal rally cools; traders hunt the next catalyst

Corning (GLW) stock slips as Meta deal rally cools; traders hunt the next catalyst

Corning shares fell 2% to $102.18 by midday Thursday after sharp swings earlier in the week. The stock surged to $113.99 Tuesday following a supply deal with Meta Platforms worth up to $6 billion, then slid 5% Wednesday. Corning reported Q4 core sales of $4.41 billion, up 14% year-over-year, and forecast Q1 core sales above analyst estimates. Investors are watching for details on Meta order timing and margins.
29 January 2026
Southwest Airlines stock jumps nearly 15% as overhaul bets lift LUV shares

Southwest Airlines stock jumps nearly 15% as overhaul bets lift LUV shares

Southwest Airlines shares jumped nearly 15% to $46.95 midday Thursday after the company projected at least $4.00 adjusted EPS for 2026 and announced new bag fees and seat upgrades. Executives reported strong early customer feedback but said more booking data is needed before finalizing forecasts. Franklin Resources disclosed a 7.8% stake as of Dec. 31. Wall Street had expected $3.19 per share in 2026, according to LSEG.
29 January 2026
Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine shares rose 18.6% to $174.15 after announcing a $1 billion deal to spin off its Performance Technologies unit and merge it with Gentherm in a Reverse Morris Trust. Modine will receive $210 million in cash and its shareholders about 40% of the combined company. The deal is expected to close in late 2026, pending approvals. Gentherm shares were little changed.
AT&T stock price rises as upbeat 2026 outlook and buyback plan sink in

AT&T stock price rises as upbeat 2026 outlook and buyback plan sink in

AT&T shares rose 2.9% to $24.76 by midday Thursday after the company raised its profit and cash flow outlook through 2028. AT&T reported fourth-quarter revenue of $33.5 billion and said it plans over $45 billion in shareholder returns from 2026 to 2028, including $8 billion in buybacks in 2026. The company added 421,000 postpaid phone subscribers last quarter.
29 January 2026
Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

Salesforce stock dives as software selloff deepens on AI disruption fears — what investors watch next

Salesforce shares fell 6.5% to $213.12 Thursday amid a broad software selloff after weak results from SAP and ServiceNow. The S&P 500 Software and Services index dropped 8.7%, hitting a nine-month low. Investors cited concerns over Big Tech’s AI spending and slower cloud growth. SAP and ServiceNow both issued forecasts that failed to lift sector sentiment.
Royal Caribbean stock surges on 2026 profit view as Wave-season bookings hit record prices

Royal Caribbean stock surges on 2026 profit view as Wave-season bookings hit record prices

Royal Caribbean shares surged 14% midday Thursday after the company forecast 2026 adjusted earnings per share of $17.70 to $18.10 and reported two-thirds of 2026 capacity booked at record prices. Norwegian Cruise Line and Carnival also rose, up 9% and 7% respectively. Royal Caribbean expects 2026 fuel costs of $1.173 billion, with 60% hedged. The company cited strong early Wave-season bookings.
Viavi Solutions stock price jumps nearly 16% as Q2 beat and upbeat outlook collide with job-cut plan

Viavi Solutions stock price jumps nearly 16% as Q2 beat and upbeat outlook collide with job-cut plan

Viavi Solutions shares jumped nearly 16% Thursday after reporting quarterly revenue of $369.3 million, up 36.4%, and adjusted EPS of 22 cents, beating forecasts. The company raised March quarter guidance above analyst estimates and announced a restructuring plan affecting 5% of staff. Trading volume topped 9 million shares. UBS and B. Riley raised price targets following the report.
Walmart stock price rises after pharmacy pay boost as investors eye healthcare push (WMT)

Walmart stock price rises after pharmacy pay boost as investors eye healthcare push (WMT)

Walmart shares rose 0.7% to $117.39 by midday Thursday after the company raised pay for 3,000 pharmacy technicians and expanded wage ranges to as much as $40.50 an hour. The move comes as Walmart upgrades pharmacy roles and scales digital health services. The S&P 500-linked SPDR ETF fell 0.6% and Amazon dropped 1.2% in the same session. Walmart operates about 4,600 pharmacies nationwide.
29 January 2026
Bloom Energy stock drops 7% as analyst buzz cools with earnings in sight

Bloom Energy stock drops 7% as analyst buzz cools with earnings in sight

Bloom Energy shares fell about 7% to $154 by midday Thursday, reversing part of a two-day rally that set a 52-week high. The drop followed new analyst coverage and price targets, with Barclays initiating at Equalweight and Baird raising its target to $172. Investors await fourth-quarter results on Feb. 5, focusing on orders and capacity. The broader fuel-cell sector also declined as tech stocks slid.

Stock Market Today

Coca-Cola stock price ends near $79 — frozen products exit sets up KO earnings week

Coca-Cola stock price ends near $79 — frozen products exit sets up KO earnings week

7 February 2026
Coca-Cola will discontinue its frozen products, including the Minute Maid frozen line, in the U.S. and Canada in Q1 2026. Shares closed Friday up 0.66% at $79.03 ahead of Tuesday’s quarterly results. CEO James Quincey sold 337,824 shares on Feb. 3 for about $26 million under a pre-arranged plan. Options pricing suggests a possible 3% move after earnings.
Cisco stock jumps 3% into earnings week as tech shakeout keeps CSCO in focus

Cisco stock jumps 3% into earnings week as tech shakeout keeps CSCO in focus

7 February 2026
Cisco shares closed up 3% at $84.82 Friday after a volatile week for tech stocks. The company will report quarterly results Feb. 11, with analysts expecting EPS of $1.02 on $15.12 billion revenue. U.S. jobs and inflation data, delayed by the federal shutdown, are also due next week. About 23.9 million Cisco shares traded Friday.
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