Today: 7 February 2026
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Costco stock slips ahead of December sales report after the bell

Costco stock slips ahead of December sales report after the bell

New York, January 7, 2026, 14:14 (ET) — Regular session Costco Wholesale shares fell about 0.5% to $884.59 in afternoon trading on Wednesday, with investors waiting for the retailer’s December sales update due after the market close. Costco Investor Relations The monthly release is a fast checkpoint after the holiday rush, and it can move expectations before the next wave of earnings reports hits the retail sector. Traders will zero in on comparable sales — sales at warehouses open at least a year — and what they imply for membership momentum, where Costco makes most of its profit. Costco beat
7 January 2026
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Seagate (STX) stock slides as AI storage rally cools after record run

Seagate (STX) stock slides as AI storage rally cools after record run

New York, Jan 7, 2026, 14:02 ET — Regular session Shares of Seagate Technology Holdings plc fell about 7% on Wednesday, giving back part of a sharp rally that pushed the data-storage maker to record highs a day earlier. The stock was down around 7.2% at $306.74 in afternoon trading, after dipping to roughly $299. Tuesday’s jump put Seagate in the middle of a broader bid for “AI infrastructure” names after Nvidia CEO Jensen Huang spoke at the Consumer Electronics Show in Las Vegas. Seagate gained 14% in that session as SanDisk jumped more than 27% and Western Digital rallied
7 January 2026
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Natural gas price stock UNG jumps as Henry Hub futures rebound; storage report looms

Natural gas price stock UNG jumps as Henry Hub futures rebound; storage report looms

New York, Jan 7, 2026, 13:57 EST — Regular session Shares of the United States Natural Gas Fund LP (UNG) rose 4.2% on Wednesday, tracking a rebound in U.S. natural gas futures. Front-month Henry Hub futures were up about 3.4% at $3.464 per million British thermal units (mmBtu). CME Group The move matters now because the market has been lurching around on short-term weather model shifts. Futures for February delivery dropped as much as 5.9% to $3.404 on Monday on forecasts for warmer temperatures next week, Bloomberg reported. Supply has not gone away. Constellation said in a weekly market note
7 January 2026
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Nvidia stock edges up as China pauses H200 orders, complicating AI chip sales

Nvidia stock edges up as China pauses H200 orders, complicating AI chip sales

New York, Jan 7, 2026, 14:00 EST — Regular session Nvidia shares rose on Wednesday after The Information reported that Beijing had told some Chinese tech firms to halt orders for Nvidia’s H200 chips this week while it considers the terms for letting local companies buy the processors. The report said China was expected to steer buyers toward domestic AI chips and noted the Trump administration approved H200 exports late last year on condition Nvidia shares 25% of the revenue with the U.S. government; the Chinese embassy in Washington said China was willing to “maintain dialogue and cooperation” to safeguard
7 January 2026
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XRP price today: WisdomTree drops XRP ETF plan as token slides, payrolls in focus

XRP price today: WisdomTree drops XRP ETF plan as token slides, payrolls in focus

New York, Jan 7, 2026, 13:49 EST — Regular session XRP fell on Wednesday after the sponsor of the proposed WisdomTree XRP Fund asked the U.S. Securities and Exchange Commission to withdraw its registration statement, saying it had decided not to proceed “at this time” and that no shares had been sold. The token was down about 2.2% at $2.19 by 1:49 p.m. EST, after touching $2.32 earlier in the day. SEC The pullback lands as crypto trades more like a risk asset again, tracking shifts in rates and equity sentiment rather than idiosyncratic blockchain headlines. On Wall Street, investors
7 January 2026
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Bitcoin price slips as Strategy stock rises on MSCI index reprieve

Bitcoin price slips as Strategy stock rises on MSCI index reprieve

NEW YORK, Jan 7, 2026, 13:44 (EST) — Regular session Strategy shares rose on Wednesday after MSCI backed away from a plan that could have pushed the bitcoin-heavy company out of major benchmarks, even as bitcoin slipped. Bitcoin was down about 0.7% at $91,253 and Strategy was up about 2% in afternoon trade; Coinbase fell about 2.5%. MSCI said on Tuesday it would keep the current treatment of “digital asset treasury companies” — firms it defines as having crypto holdings worth at least 50% of total assets — and open a broader consultation on how non-operating companies should be handled.
7 January 2026
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Silver price stock SLV slides as spot silver drops; U.S. payrolls report looms

Silver price stock SLV slides as spot silver drops; U.S. payrolls report looms

New York, Jan 7, 2026, 13:51 EST — Regular session Shares of iShares Silver Trust (SLV) fell about 4% on Wednesday, giving back part of this week’s surge in the silver price. The silver-backed trust was down 4.1% at $70.72 in early afternoon trade, after ranging from $69.26 to $72.20. Spot silver, the cash price for immediate delivery, was down 5% at $77.26 an ounce by late morning New York time as investors locked in gains and the U.S. dollar held firm; gold, platinum and palladium also fell. “We’re viewing today’s pullback as general profit taking after that recent surge,”
7 January 2026
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Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

Microchip stock slides after surprise sales forecast — traders look to Feb. 5 for proof

New York, Jan 7, 2026, 13:34 (ET) — Regular session Microchip Technology shares fell about 3% on Wednesday, giving back part of Tuesday’s 12% run-up after the chipmaker lifted its quarterly sales outlook. The stock was down $2.30 at $72.57 in afternoon trade. Barron’s The pullback matters because Microchip is a read on demand in the slower, more cyclical side of semiconductors, where customers have spent months burning off excess inventories. The company has pointed to clients working through stockpiles built during the pandemic, a shift that can change order patterns fast. Reuters Late Monday, Microchip raised its net sales
7 January 2026
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Gold price slips, GLD stock falls as traders brace for Friday’s U.S. jobs report

Gold price slips, GLD stock falls as traders brace for Friday’s U.S. jobs report

New York, January 7, 2026, 13:40 ET — Regular session. SPDR Gold Shares (GLD), a popular proxy for the gold price in U.S. stock trading, fell 0.9% on Wednesday, tracking a pullback in bullion after a recent run. The ETF was at about $409.60 in early afternoon trade. The dip matters now because gold has been trading like a rates product as much as a haven. After a sharp rally, investors are stripping out leverage ahead of a dense stretch of U.S. labour data and a late-month Federal Reserve meeting. Gold pays no interest. When traders lean toward Fed cuts,
7 January 2026
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Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

Dow Jones today: Banks drag the index near 50,000 as Friday’s jobs report looms

New York, Jan 7, 2026, 13:33 (EST) — Regular session The Dow Jones Industrial Average, about 1.3% shy of 50,000, slipped on Wednesday as bank shares retreated and traders digested fresh labor-market data. At 11:50 a.m. ET, the Dow fell 85.82 points, or 0.17%, to 49,376.26, while the S&P 500 gained 0.19% and the Nasdaq climbed 0.59%. JPMorgan slid 2.5% after Wolfe Research cut its rating, and “the economic news sort of fueled a little bit of profit taking,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. Reuters The blue-chip index logged another record close on Tuesday, up 0.99%
7 January 2026
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Qorvo (QRVO) stock drops 8% as Apple-linked chip names slide ahead of U.S. jobs report

Qorvo (QRVO) stock drops 8% as Apple-linked chip names slide ahead of U.S. jobs report

New York, Jan 7, 2026, 13:45 EST — Regular session Qorvo shares fell about 8% on Wednesday, underperforming a mixed U.S. market as investors trimmed exposure to smaller chipmakers. The stock was down $7.36 at $80.76, after touching a session low of $79.76. The drop mattered because it hit a corner of semiconductors tied to phone demand just as broader indexes leaned on megacap tech again. “The economic news sort of fueled a little bit of profit taking,” Robert Pavlik, senior portfolio manager at Dakota Wealth, said of the day’s trading. Reuters Fresh labor data added to the push-and-pull over
7 January 2026
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AST SpaceMobile stock dives 10% as Scotiabank downgrade hits ASTS valuation

AST SpaceMobile stock dives 10% as Scotiabank downgrade hits ASTS valuation

New York, January 7, 2026, 13:29 EST — Regular session AST SpaceMobile (ASTS) shares fell 10.2% to $87.55 in regular trading on Wednesday after Scotiabank cut its rating. The stock has traded between $95.25 and $86.20 so far, with about 15 million shares changing hands. Finviz Scotiabank analyst Andres Coello downgraded the stock to “Sell” and set a $45.60 price target, Barron’s reported. Coello flagged valuation, with the stock trading at more than 100 times projected 2026 sales and about 20 times estimated 2029 EBITDA, even as the company is not expected to post positive operating profits until 2027, the
7 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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