Today: 5 July 2026

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

New York, January 31, 2026, 06:51 ET — Markets have officially closed. Rocket Companies shares tumbled 13.67%, closing at $17.93 on Jan 30, the session before the weekend. Trading volume hit roughly 87 million shares—over three times the stock’s 50-day average. UWM Holdings also dropped 13.86%, as both the Nasdaq and Dow ended the day lower.
Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

New York, Jan 31, 2026, 06:53 — Market closed. Tesla shares ended Friday up 3.3% at $430.41, after reports that CEO Elon Musk’s SpaceX was in talks to merge with xAI and that a tie-up with Tesla was also being weighed. Traders head into the weekend looking for a firmer read on the deal chatter; a merger could help investors “dramatically,” said Andrew Rocco at Zacks Investment Research.
Your electric bill may stay high in 2026 — here’s what’s keeping rates up

Your electric bill may stay high in 2026 — here’s what’s keeping rates up

The U.S. Energy Information Administration projects the average residential electricity price will hit 17.9 cents per kilowatt-hour in 2026, climbing from 17.3 cents in 2025. Power-sector generation is set to increase by 1% this year and by 3% in 2027. Much of that growth is expected to come from commercial and industrial demand, especially big computing operations like data centers. That pressure is mounting on households already struggling. Back in 2017, about a quarter of U.S. households faced a “high energy burden,” meaning they spent over 6% of their income on energy costs. According to Joe Daniel from the Rocky Mountain Institute, the poorest households were paying around 11% of their income just for electricity, based on federal data. “What’s new,” he noted, “is that power prices have now outpaced both inflation and wages, dragging middle-income families into the pinch.”
31 January 2026

Stock Market Today

  • 3 Australian Penny Stocks Boast Strong Revenue, Steady Balance Sheets
    July 5, 2026, 2:13 AM EDT. Australian penny stocks with solid financials are getting investor interest as economic outlooks stay shaky. DroneShield (ASX:DRO) has A$216.8 million in revenue and a A$2.2 billion market cap. The defence tech firm is picking up contracts, like ones with NATO and the FIFA World Cup 2026, as counter-drone gear draws demand. It turned a profit and analysts see more earnings, though the company also faces low return on equity and outside debt. Sigma Healthcare (ASX:SIG), in pharma wholesale and franchising, reports strong healthcare revenue. These stocks are a reminder that *quality financials* can make even cheap names less risky-and help them grow-when markets get choppy.
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