Today: 3 May 2026

India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

India Stock Market Today: Nifty Hit a Record — Then IT Stocks Pulled the Plug

Nifty 50 hit a record 26,358.25 before slipping to 26,321 in mid-session, while Sensex hovered near 85,665. Nifty IT dropped 2.5% after a CLSA downgrade, with HCLTech down 3.3% and Tech Mahindra off 2%. The rupee traded near 90.2425 per dollar amid strong dollar demand at the RBI fix. U.S. tariff threats and weak IT weighed on risk appetite.
Singapore Stocks Rip Higher — Watch the STI’s 4,690 Line

Singapore Stocks Rip Higher — Watch the STI’s 4,690 Line

Singapore’s Straits Times Index rose 0.69% to 4,688.03 by mid-afternoon, hitting an intraday high of 4,690.48. Oil-related shares swung sharply as Brent crude slid to US$60.33; Sembcorp gained 0.5% while China Aviation Oil fell 1.8%. Offshore services stocks were mixed, with Seatrium up 1.38% and Nam Cheong down 3%. Gold topped US$4,395 an ounce after Venezuela headlines.
5 January 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 05.01.2026

RioCan REIT closed at CA$19.07 with a P/E of 84.3x, far above peers, as DCF analysis suggests a fair value of CA$21.10. Varia US Properties shares dropped 58% over three years amid annual revenue declines of 7.8%. Super Micro Computer faces scrutiny after Ernst & Young criticized its financials. Alexanderwerk reported a 17% ROCE for the twelve months to June 2025.
5 January 2026
MercadoLibre stock slides into 2026 as MELI investors eye Feb. 24 earnings and a big U.S. data week

MercadoLibre stock slides into 2026 as MELI investors eye Feb. 24 earnings and a big U.S. data week

MercadoLibre Inc shares fell 2.0% to $1,973.70 on Friday, closing about $110 below their 50-day moving average and $294 under the 200-day. The drop outpaced U.S. benchmarks as the company heads into its first full trading week under new CEO Ariel Szarfsztejn. Investors await Monday’s ISM data and the December jobs report later in the week. Fourth-quarter results are scheduled for Feb. 24.
Applied Digital stock (APLD) jumps 15% into earnings week as ChronoScale spin-out plan sharpens focus

Applied Digital stock (APLD) jumps 15% into earnings week as ChronoScale spin-out plan sharpens focus

Applied Digital shares surged 14.6% to close at $28.11 Friday on heavy volume. The company will report fiscal Q2 results after markets close Jan. 7 and hold a conference call at 5 p.m. ET. Investors await updates on a proposed cloud business spin-out with Ekso Bionics and new financing for AI-focused data centers. A subsidiary secured up to $100 million in credit from Macquarie Equipment Capital at 8% interest.
Uber stock: UK ‘taxi tax’ contract rewrite puts VAT risk in focus ahead of Monday trade

Uber stock: UK ‘taxi tax’ contract rewrite puts VAT risk in focus ahead of Monday trade

Uber rewrote UK driver contracts outside London to limit exposure to new VAT rules, shifting tax liability to drivers, The Economic Times reported. Shares closed Friday at $82.86, up 1.4%, but remain below key moving averages near $88. Investors are watching for fallout in UK pricing and upcoming U.S. economic data. Uber’s next earnings report is scheduled for Feb. 4.
Silver price tumbles from record as India’s gold rate drops — experts’ 2026 playbook

Silver price tumbles from record as India’s gold rate drops — experts’ 2026 playbook

Silver dropped 13% from its record high of $82.67 an ounce on Monday to $71.30 by Friday, Live Hindustan reported. Gold futures on India’s MCX fell to 135,752 rupees per 10 grams, down sharply from late-2025 peaks. Analysts warn silver could fall further as industrial users seek alternatives. Fund managers in India are pitching IT and chemicals as contrarian bets for 2026.
5 January 2026
Paramount “running out of patience” as Warner Bros Discovery nears next Netflix deal test

Paramount “running out of patience” as Warner Bros Discovery nears next Netflix deal test

Paramount Skydance extended its $30-a-share cash tender offer for Warner Bros Discovery to Jan. 21, backed by a $40.4 billion guarantee from Larry Ellison. Warner’s board is expected to meet soon to weigh the bid against an $82.7 billion cash-and-stock deal with Netflix. Warner has not changed its recommendation in favor of the Netflix offer. As of Dec. 19, 397,252 shares had been tendered.
HSBC cuts UK mortgage rates to start 2026 as refinancing wave builds

HSBC cuts UK mortgage rates to start 2026 as refinancing wave builds

HSBC UK will cut mortgage rates on residential and buy-to-let deals from Jan. 5, following the Bank of England’s December rate reduction. The move comes as UK house prices fell 0.4% in December, and refinancing activity rises. Leeds Building Society also lowered rates on 169 mortgage products this week. The Bank of England’s next rate decision is set for Feb. 5.
5 January 2026
Bloom Energy stock jumps 14% on $502M Quanta microgrid disclosure — what investors watch next

Bloom Energy stock jumps 14% on $502M Quanta microgrid disclosure — what investors watch next

Bloom Energy shares rose 13.6% Friday to $98.69 after Quanta’s U.S. unit disclosed a $502 million purchase of Bloom fuel-cell microgrid systems in California. The deal covers three facilities and installation services. Bloom also secured a $600 million revolving credit line from Wells Fargo. Investors now await U.S. jobs data on Jan. 9 and Bloom’s earnings in late February.

Stock Market Today

  • Is XPeng (XPEV) Share Price Overvalued After Recent Declines?
    May 2, 2026, 11:10 PM EDT. XPeng's stock price closed at $15.83, falling 5% in the last week and 19.9% over the past year, despite a 52.2% gain over three years. A Discounted Cash Flow (DCF) analysis estimates XPeng's intrinsic value at $7.63 per share, suggesting the stock may be overvalued by 107.6% relative to current prices. The company's Price to Sales (P/S) ratio stands at 1.35, reflecting mixed signals amid volatile earnings and growth outlook. With a valuation score of 2 out of 6, XPeng shows signs of being undervalued on some metrics but overvalued on others, leaving investors weighing whether sentiment or fundamentals are driving the market price.

Latest article

Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

3 May 2026
Vertiv shares hit a 52-week high Friday before closing at $328.31, following a 30% jump in Q1 net sales to $2.65 billion. The company raised its 2026 outlook and recently acquired Strategic Thermal Labs, expanding its liquid cooling portfolio. Investors await further details at Vertiv’s May 19-20 conference in South Carolina.
AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

3 May 2026
AT&T closed a $6 billion sale of long-dated notes on April 30, with maturities ranging from 2033 to 2066, according to an SEC filing. The company reported first-quarter free cash flow of $2.5 billion, down from $3.1 billion a year earlier, citing higher capital investment. AT&T is preparing to close a $23 billion purchase of EchoStar spectrum licenses. CFO Pascal Desroches said net debt to adjusted EBITDA rose to 2.71 times.
JPMorgan Chase’s New Filing Shows the $31.4 Billion Number Investors Are Watching

JPMorgan Chase’s New Filing Shows the $31.4 Billion Number Investors Are Watching

3 May 2026
JPMorgan Chase reported first-quarter net income of $16.5 billion, up 13% from a year earlier, with revenue rising 10% to $49.8 billion. The bank’s SEC filing showed a $31.4 billion credit-loss allowance and noninterest expense up 14% to $26.9 billion. Nonperforming assets rose 10% to $10 billion. Shares closed Friday at $312.47, valuing the bank at about $864.8 billion.
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