Today: 2 May 2026

AbbVie stock slides 4% as pharma lags Wall Street rally — what investors watch next for ABBV

AbbVie stock slides 4% as pharma lags Wall Street rally — what investors watch next for ABBV

AbbVie shares closed down 4% at $220.18 on Monday, underperforming a market rally that sent the Dow to a record. Trading volume reached 8.9 million shares, well above the 50-day average. The stock now sits below key technical levels ahead of its Jan. 14 presentation at the J.P. Morgan Healthcare Conference and expected late-January earnings.
6 January 2026
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GE Aerospace stock hits a fresh high — what investors are watching before earnings

GE Aerospace stock hits a fresh high — what investors are watching before earnings

GE Aerospace shares closed at a record $324.32 on Monday, up 1.1% and above their previous 52-week high. Trading volume topped the 50-day average ahead of GE’s Jan. 22 earnings webcast. Investors are watching for updates on engine deliveries and service pricing, as well as Airbus’ Jan. 12 delivery report and Friday’s U.S. jobs data.
6 January 2026
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Gold price today: MCX gold tops ₹1.38 lakh as silver jumps ₹10,000 in India

Gold price today: MCX gold tops ₹1.38 lakh as silver jumps ₹10,000 in India

MCX March silver surged nearly 4% on Monday, hitting 249,900 rupees per kg, while February gold rose 1.75% to about 138,140 rupees per 10 grams. The rally followed U.S. military action in Venezuela, which drove global bullion prices higher as investors sought safe-haven assets. By early Tuesday, benchmark rates in India stood at 138,600 rupees for gold and 246,390 rupees for silver.
6 January 2026
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SpaceX restarts Starlink launches after satellite mishap — and another Falcon 9 is already queued

SpaceX restarts Starlink launches after satellite mishap — and another Falcon 9 is already queued

SpaceX launched 29 Starlink satellites from Cape Canaveral at 1:48 a.m. EST on Jan. 4, resuming flights after a December in-orbit anomaly forced delays and raised debris concerns. The Falcon 9 booster landed on a drone ship, marking SpaceX’s 555th booster recovery. Another Starlink launch is scheduled for Jan. 8 from the same pad. Starlink now has over 9,300 satellites in orbit, according to tracking data.
6 January 2026
Air India CEO hunt heats up as Tata weighs replacing Campbell Wilson

Air India CEO hunt heats up as Tata weighs replacing Campbell Wilson

Air India’s board is seeking a replacement for CEO Campbell Wilson amid ongoing regulatory scrutiny after a June 2025 crash that killed 260, sources said. Tata chairman N. Chandrasekaran has approached international airline executives about the role, according to local reports. Regulators have cited safety lapses and issued show-cause notices to senior officials. Air India posted a combined loss of 10,859 crore rupees in fiscal 2025.
6 January 2026
ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips shares closed up 2.6% at $99.20 Monday as energy stocks rallied after President Trump said the U.S. would keep its embargo on Venezuelan oil exports. J.P. Morgan analysts estimate ConocoPhillips’ outstanding Venezuela claims near $10 billion. Brent crude settled up $1.01 at $61.76 a barrel. Traders await U.S. oil inventory data and talks between officials and oil executives later this week.
6 January 2026
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Marvell (MRVL) stock lifts on Melius “buy” call, with CES CEO appearance next

Marvell (MRVL) stock lifts on Melius “buy” call, with CES CEO appearance next

Marvell Technology shares closed up 0.94% at $90.23 after Melius Research upgraded the stock to “buy” with a $135 target. The move follows Marvell’s $3.25 billion deal to acquire Celestial AI and a new warrant allowing Amazon to buy shares tied to future photonic product purchases. The stock traded between $89.84 and $93.83 during the session. CEO Matt Murphy is set to speak at CES on Tuesday.
6 January 2026
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Adobe stock slips on Jefferies downgrade as AI payoff questioned — what to watch next

Adobe stock slips on Jefferies downgrade as AI payoff questioned — what to watch next

Jefferies downgraded Adobe to “hold” from “buy” and cut its price target to $400, citing no clear AI-driven growth. Adobe shares closed down 0.5% at $331.56 after hitting $327.51 intraday. The firm warned of rising competition from cheaper AI tools for casual users. Investors await the U.S. December jobs report on Jan. 9 and Adobe’s Q1 earnings call on March 12.
6 January 2026
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Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton shares surged 7.9% to $31.92 Monday after U.S. forces captured Venezuelan President Nicolás Maduro, fueling hopes of renewed U.S. oil activity in Venezuela. SLB gained 9%, Baker Hughes rose 4.1%, and oil prices climbed. The Trump administration plans talks with oil executives this week, though the embargo remains. Halliburton CFO Eric Carre acquired 37,548 shares at $29.60 on Jan. 2, according to an SEC filing.
6 January 2026
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Johnson & Johnson stock slips despite fresh bullish calls — what investors watch before earnings

Johnson & Johnson stock slips despite fresh bullish calls — what investors watch before earnings

Johnson & Johnson shares fell 1.47% to $204.31 Monday, underperforming the S&P 500’s 0.64% gain. UBS reiterated a Buy rating but lowered earnings forecasts after management warned of about $0.20 adjusted EPS dilution from the Halda Therapeutics acquisition. J&J will present at the JPMorgan Healthcare Conference Jan. 12 and report Q4 results Jan. 21.
6 January 2026
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Stock Market Today

  • Imperial Oil (TSX:IMO) Valuation Debate Amid Mixed Share Price Signals
    May 2, 2026, 4:07 PM EDT. Imperial Oil (TSX:IMO) share price slipped 4.0% to CA$174.60 after a strong 90-day gain of 26.9% and 1-year total return of 88.1%. Analysts peg fair value at CA$132.81, suggesting the stock is 31.5% overvalued, citing efficiency gains at Kearl and margin expansion. However, a discounted cash flow (DCF) model estimates a fair value of CA$308.28, implying the stock is 43.4% undervalued. Investors face conflicting valuations amid potential risks from faster decarbonization policies and oil price volatility. The tension highlights uncertainty over long-term growth assumptions and intrinsic value forecasts for Imperial Oil.

Latest article

Kraft Heinz Stock Faces New Berkshire Overhang Days Before Q1 Earnings

Kraft Heinz Stock Faces New Berkshire Overhang Days Before Q1 Earnings

2 May 2026
Berkshire Hathaway reported its Kraft Heinz stake was $1.4 billion below carrying value at March 31 but took no new impairment. Kraft Heinz will report first-quarter results May 6, with analysts expecting earnings of 50 cents per share and $5.89 billion in revenue. Berkshire held 27.5% of Kraft Heinz as of March 31. KHC shares closed Friday at $22.49, down 0.75%.
NextEra Energy Strikes 3,000 MW Arizona Solar Deal as Power Demand Boom Builds

NextEra Energy Strikes 3,000 MW Arizona Solar Deal as Power Demand Boom Builds

2 May 2026
Salt River Project and NextEra Energy Resources agreed to develop 3,000 MW of new solar power in Arizona by 2034, enough to supply about 595,000 homes. Construction will add 500 MW annually from 2029 to 2034. The deal comes as utilities seek new capacity to meet rising demand from data centers and population growth. NextEra has already developed over 1,000 MW for SRP.
BlackBerry Limited’s Hidden QNX Comeback Is Running Inside 275 Million Cars

BlackBerry Limited’s Hidden QNX Comeback Is Running Inside 275 Million Cars

2 May 2026
BlackBerry’s QNX software now runs in over 275 million vehicles and generated $268 million in revenue for fiscal 2026, nearly half the company’s total. The division’s quarterly revenue rose to $78.7 million from $65.8 million a year earlier. BlackBerry posted a $53.2 million profit for the year, reversing a prior loss. QNX faces pressure from larger competitors and open-source alternatives.
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