Today: 6 July 2026

Redwire stock slips 6% after $151B SHIELD contract buzz; RDW swings into the close

Redwire stock slips 6% after $151B SHIELD contract buzz; RDW swings into the close

New York, Jan 28, 2026, 15:50 EST — Regular session Shares of Redwire Corp dropped roughly 6% on Wednesday, pulling back from a strong surge fueled by the company landing a spot on a major U.S. missile-defense contract vehicle. The stock was trading down 6.0% at $13.35, after finishing Tuesday at $14.20. Intraday, it fluctuated between $12.87 and $14.87, with volume topping 48 million shares by mid-afternoon.
Fed holds rates, S&P 500 flirts with 7,000 as AI bets and dollar swings collide

Fed holds rates, S&P 500 flirts with 7,000 as AI bets and dollar swings collide

The Federal Reserve held interest rates steady on Wednesday and said inflation remained “somewhat elevated,” keeping investors guessing on when — or if — the next rate cut comes this spring. Markets have been trading like a coiled spring. Stocks are near records, the U.S. dollar has been whipping around, and traders are braced for fresh signals from policymakers in a week packed with heavyweight earnings.
UK FCA launches sweeping AI review for retail finance, sets Feb 24 deadline

UK FCA launches sweeping AI review for retail finance, sets Feb 24 deadline

Britain’s Financial Conduct Authority has kicked off the “Mills Review,” with executive director Sheldon Mills at the helm, to examine how advanced AI might transform retail financial services and impact consumers. The FCA set a deadline for responses on Feb. 24 and plans to present recommendations to its board by summer 2026. This initiative builds on earlier efforts like AI Live Testing and the Nvidia-supported “Supercharged Sandbox.” The FCA is racing to stay ahead as a new batch of tools shifts from pilot phase to active use. Firms are testing generative AI — software capable of creating text, images, or code — along with “agentic” systems that operate more independently, sparking concerns around competition and how consumers are affected.

Stock Market Today

  • Barclays Cuts PepsiCo (PEP) Price Target on Cooling North America Foods Momentum
    July 6, 2026, 4:06 AM EDT. Barclays cut its PepsiCo (PEP) price target to $144 from $158, warning that North America food sales are losing steam. JPMorgan also moved its target lower to $170, pointing to weaker pricing and lackluster demand as Q2 earnings approach. International business in Latin America and EMEA remains a stronger spot. Street sees Q2 revenue at $23.9 billion and EPS at $2.21. Barclays and UBS trimmed their sales and price targets, with core snack sales still under pressure. Stocktwits chatter now leans neutral after turning from bullish, a sign of more caution on PepsiCo's near-term recovery.
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