Today: 2 May 2026

Coca-Cola stock slips in New York trade as investors rotate to tech; jobs data looms

Coca-Cola stock slips in New York trade as investors rotate to tech; jobs data looms

Coca-Cola shares slipped 0.1% to $67.87 Tuesday afternoon, following a 1.7% drop Monday and marking a fourth consecutive decline. The stock has lagged rivals as tech and healthcare gains lifted broader U.S. indexes. Investors are awaiting Friday’s U.S. jobs report and Coca-Cola’s upcoming earnings for 2026 guidance. No earnings date has been announced, but calendars suggest around Feb. 10.
6 January 2026
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Cipher Mining (CIFR) stock slides in U.S. session as miner taps veterans for AI data-center push

Cipher Mining (CIFR) stock slides in U.S. session as miner taps veterans for AI data-center push

Cipher Mining shares fell 3.9% to $17.46 Tuesday after the company announced two senior hires to lead its push into AI data centers and high-performance computing. More than 20 million shares changed hands. Bitcoin dropped 2.3% to $92,259, pressuring listed miners. Marathon Digital and CleanSpark also traded lower.
6 January 2026
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CleanSpark stock slips after December bitcoin mining update shows bigger output, token sales

CleanSpark stock slips after December bitcoin mining update shows bigger output, token sales

CleanSpark shares dropped 4.4% to $11.76 Tuesday after the company reported mining 622 bitcoin and selling 577 in December. Bitcoin prices fell 2.3% to around $92,051. CleanSpark cited a brief power curtailment in Tennessee and ended December holding 13,099 bitcoin. Investors await the company’s early-February earnings window for margin clarity.
6 January 2026
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Adobe stock (ADBE) rises despite Jefferies downgrade as AI payoff comes under fresh scrutiny

Adobe stock (ADBE) rises despite Jefferies downgrade as AI payoff comes under fresh scrutiny

Adobe shares rose 0.8% to $334.19 Tuesday, rebounding despite Jefferies’ downgrade to “Hold” and a price target cut to $400. The move followed concerns over whether generative AI will drive new revenue or just defend market share. The stock remains closer to its 52-week low as investors await first-quarter earnings on March 12. Broader tech indexes also gained in afternoon trading.
6 January 2026
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Valero Energy stock slips as Venezuelan crude return talk meets shipping snags — what’s next for VLO?

Valero Energy stock slips as Venezuelan crude return talk meets shipping snags — what’s next for VLO?

Valero shares dropped 0.9% to $178.92 in New York after Monday’s rally on speculation the U.S. may allow more Venezuelan crude exports. Analysts say Gulf Coast refiners could process up to 1 million extra barrels per day if sanctions lift. Venezuela was loading crude only for Chevron on Tuesday, with other shipments stalled. Oil prices fell about 1% as traders weighed supply and policy moves.
6 January 2026
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Tesco taps Clark Contracts for new Pitlochry supermarket as trans family stories head to festival stage

Tesco taps Clark Contracts for new Pitlochry supermarket as trans family stories head to festival stage

Clark Contracts has been named main contractor for a new 26,900-sq-ft Tesco store in Pitlochry, commissioned by West Ranga Property Group. West Ranga reports four schemes under construction in 2025 and expects six more site starts in 2026. Pitlochry Festival Theatre will host “Family Pride,” a talk with playwright Jo Clifford and journalist Catriona Innes, on Jan. 18 as part of its Out in the Hills programme.
6 January 2026
Versant Media Group stock extends debut slide as Comcast spinoff meets early skepticism

Versant Media Group stock extends debut slide as Comcast spinoff meets early skepticism

Versant shares fell about 5% to $38.55 in early Tuesday trading, extending losses after dropping 13% on their Nasdaq debut Monday. The Comcast spinoff, which includes CNBC and Rotten Tomatoes, began trading as an independent company on Jan. 3. About 6.8 million shares changed hands by 2 p.m. ET. Arete initiated coverage with a “sell” rating and a $33 price target.
6 January 2026
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Lumen stock jumps 7% after $650 million bond pricing as Jan. 7 debt tender deadline nears

Lumen stock jumps 7% after $650 million bond pricing as Jan. 7 debt tender deadline nears

Lumen Technologies shares rose about 7% Tuesday after the company priced $650 million in additional 8.5% senior notes to fund debt buybacks. The new bonds, due 2036, were priced at 101.75% of face value. Investors are watching the Jan. 7 tender-offer deadline and a Feb. 25 Investor Day. Lumen is also preparing to sell its consumer fiber unit to AT&T for $5.75 billion.
6 January 2026
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Merck stock hits 52-week high as vaccine policy shift and JPM conference loom

Merck stock hits 52-week high as vaccine policy shift and JPM conference loom

Merck shares rose 1.1% to $108.60 Tuesday, hitting a 52-week high of $110.16 amid investor focus on U.S. vaccine schedule changes and upcoming CEO remarks at the J.P. Morgan Healthcare Conference Jan. 12. The company’s Gardasil HPV vaccine faces uncertainty after the CDC shifted to a single-dose recommendation, while an FDA decision on Keytruda in ovarian cancer is expected Feb. 20.
6 January 2026
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Stock Market Today

  • Xerox Shares Surge Over 40% After Q1 Earnings Beat and 2026 Guidance Reaffirmation
    May 2, 2026, 8:47 AM EDT. Xerox's share price jumped 43% after reporting Q1 revenue of $1.85 billion, up 26.7% year-on-year, driven by strong print segment growth. The company posted a GAAP net loss of $105 million, an improvement from last year, alongside a 3.9% adjusted operating margin, rising 240 basis points. CEO Louie Pastor highlighted progress on stabilising revenue, boosting profitability, and reducing leverage. Xerox reaffirmed its 2026 guidance, targeting revenue above $7.5 billion and adjusted operating income between $450-$500 million. Lexmark acquisition synergies remain on track, with a print sales pipeline significantly stronger. The results built confidence among investors, reversing recent share price declines and marking optimism for a business inflection point.

Latest article

Beyond ChatGPT And Nvidia: 3 Technologies Wall Street May Have To Reprice Before 2026 Ends

Beyond ChatGPT And Nvidia: 3 Technologies Wall Street May Have To Reprice Before 2026 Ends

2 May 2026
The S&P 500 and Nasdaq closed at record highs Friday as Alphabet, Amazon, Meta, and Microsoft projected 2026 AI spending above $700 billion. Meta shares dropped nearly 10% after raising its capital-spending outlook, while Alphabet rose on strong Google Cloud revenue. Meta acquired Assured Robot Intelligence, expanding into robotics AI. Google began selling its AI chips directly to customers, challenging Nvidia.
Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

2 May 2026
Seagate shares rose 7.9% and Sandisk jumped 8.3% Friday, while Western Digital slipped 0.6%. Sandisk reported Q3 revenue up 251% to $5.95 billion and signed $42 billion in long-term supply deals. Western Digital’s Q3 revenue climbed 45% to $3.34 billion, topping analyst estimates. Seagate forecast Q4 revenue of $3.45 billion, citing AI-driven demand.
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