Qualcomm stock falls again as “glass cloth” supply report rattles chip names ahead of earnings

Qualcomm stock falls again as “glass cloth” supply report rattles chip names ahead of earnings

Qualcomm shares fell 1.5% to $162.73 early Wednesday afternoon, extending a multi-day slide amid concerns over a shortage of high-end glass cloth used in advanced chip packaging. Trading volume reached about 3.4 million shares. Apple and Qualcomm are seeking new suppliers, but industry sources say more capacity may not arrive before late 2027. TSMC reports earnings early Thursday, with Qualcomm’s report due Feb. 4.
Spotify stock slides after Bernstein slashes target to $650 as AI push hits valuation nerves

Spotify stock slides after Bernstein slashes target to $650 as AI push hits valuation nerves

Spotify shares fell 2.5% to $521.28 after Bernstein and Wells Fargo cut their price targets, citing risks tied to AI-driven products and new offerings. The stock has slid since Jan. 8 as investors await Feb. 10 earnings for clarity on 2026 margins and pricing. Founder Daniel Ek stepped down as CEO Jan. 1, replaced by co-CEOs Alex Norström and Gustav Söderström.
CBA shares slide again — here’s what’s spooking Commonwealth Bank investors ahead of earnings

CBA shares slide again — here’s what’s spooking Commonwealth Bank investors ahead of earnings

Commonwealth Bank of Australia shares fell 1.3% to A$152.88 Wednesday, lagging the ASX 200’s 0.14% gain. Morgan Stanley flagged CBA’s 45% valuation premium as a risk for 2026 returns. CBA wage data showed a 0.8% quarterly rise and steady 4.3% unemployment. The Reserve Bank of Australia will announce its next policy decision on Feb. 3.
Snowflake stock slides again after Barclays downgrade; traders eye next earnings date

Snowflake stock slides again after Barclays downgrade; traders eye next earnings date

Snowflake shares dropped 1.4% to $206.52 by midday Wednesday, extending losses after Barclays downgraded the stock and cut its price target to $250. The stock remains below its 200-day moving average after falling 5.1% Tuesday. Broader tech shares also declined, with the Invesco QQQ Trust down 1.6%. Trading volume in Snowflake was heavier than usual following the downgrade.
StubHub (STUB) investors face Jan. 23 deadline as IPO class action targets cash-flow disclosures

StubHub (STUB) investors face Jan. 23 deadline as IPO class action targets cash-flow disclosures

StubHub shares traded at $13.34 midday Wednesday, down about 43% from their $23.50 IPO price. Two U.S. law firms notified investors they have until Jan. 23 to seek lead-plaintiff status in a securities class action tied to the September 2025 IPO. The suit alleges vendor-payment timing hurt free cash flow and made disclosures misleading. StubHub reported negative free cash flow of $4.6 million for the third quarter.
14 January 2026
Verizon stock up despite fresh network outage — what Wall Street watches into earnings

Verizon stock up despite fresh network outage — what Wall Street watches into earnings

Verizon reported a wireless voice and data outage affecting over 170,000 users, with engineers working to resolve the issue. Despite the disruption, Verizon shares rose about 1.8% to $39.70 in midday trading. The company has not disclosed the cause or a timeline for full restoration. Investors are watching for updates ahead of the Jan. 30 earnings report.
Thermo Fisher Scientific stock rises on reshoring contract talk, Nvidia lab deal and exec shuffle

Thermo Fisher Scientific stock rises on reshoring contract talk, Nvidia lab deal and exec shuffle

Thermo Fisher Scientific shares rose 1.4% to $615.46 after CEO Marc Casper announced new U.S. onshoring contracts at the J.P. Morgan Healthcare Conference. The company also unveiled a lab automation partnership with Nvidia and confirmed upcoming executive changes. Investors await Thermo’s January 29 results and 2026 outlook.
L3Harris stock edges up as Pentagon puts $1 billion into missile unit spinoff plan

L3Harris stock edges up as Pentagon puts $1 billion into missile unit spinoff plan

L3Harris said Wednesday the Pentagon will invest $1 billion in its Missile Solutions unit ahead of a planned 2026 IPO, taking a convertible preferred stake. The move gives the U.S. government a direct role in a key solid rocket motor supplier. L3Harris also announced a Navy and Marine Corps contract for 34 T7 explosive-ordnance-disposal robots. L3Harris shares rose 0.5% to $342.95 in afternoon trading.
Petrobras stock pops as CEO flags 1 million bpd at Tupi again — here’s what’s next

Petrobras stock pops as CEO flags 1 million bpd at Tupi again — here’s what’s next

Petrobras’ U.S.-listed shares rose 3.4% after CEO Magda Chambriard said the Tupi field hit 1 million barrels per day, matching 2019 levels. The company also restarted two nitrogen fertilizer plants in Brazil’s northeast. Petrobras’ preferred shares in São Paulo climbed 2.7%, outperforming the Bovespa index. Brent crude traded up 1.2% at $66.23 a barrel amid geopolitical tensions.

Stock Market Today

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

7 February 2026
Amazon shares fell 9% Friday after the company announced plans for $200 billion in 2026 capital spending, mainly for AWS and AI, and issued a first-quarter profit outlook below estimates. The stock drop could erase $200 billion in market value. Fourth-quarter net sales rose 14% to $213.4 billion, while free cash flow declined due to higher spending on AI infrastructure.
Go toTop