Today: 4 May 2026

AppLovin (NASDAQ: APP) stock dips today as year-end tech pullback pressures growth names

AppLovin (NASDAQ: APP) stock dips today as year-end tech pullback pressures growth names

AppLovin shares fell 1.3% to $685 in thin year-end trading Wednesday, underperforming major indexes as investors rotated out of high-growth tech stocks. Treasury yields rose after jobless claims dropped to 199,000, pressuring growth shares further. The Invesco QQQ Trust and S&P 500-tracking SPDR fund each slipped about 0.2% in afternoon trading.
Applied Digital (APLD) climbs on fresh analyst calls as ChronoScale spin-off plan stays in focus

Applied Digital (APLD) climbs on fresh analyst calls as ChronoScale spin-off plan stays in focus

Applied Digital shares climbed 4.6% to $25.20 Wednesday afternoon, outperforming a weaker market after Northland and Lake Street reiterated bullish ratings ahead of the Jan. 7 earnings call. The company recently signed a non-binding term sheet to spin out its cloud unit and merge it with EKSO Bionics, forming ChronoScale, a GPU-accelerated cloud platform. Applied Digital expects to own 97% of the new entity.
31 December 2025
Corcept Therapeutics (CORT) stock dives nearly 50% after FDA rejects relacorilant — what investors watch next

Corcept Therapeutics (CORT) stock dives nearly 50% after FDA rejects relacorilant — what investors watch next

Corcept shares plunged nearly 50% to $35.31 after the FDA rejected relacorilant for Cushing’s-related hypertension, citing insufficient evidence of effectiveness. The move erased about $3.7 billion in market value. Corcept said it will meet with the FDA to discuss next steps. The company is also awaiting a July 2026 FDA decision on relacorilant in ovarian cancer.
Santa Claus Rally Fizzles: S&P 500, Dow Slip as Tech Weighs on 2025 Finale

Santa Claus Rally Fizzles: S&P 500, Dow Slip as Tech Weighs on 2025 Finale

Wall Street’s main indexes slipped in thin trading on December 31, with the Dow down 116 points by midday, as Microsoft and Apple led declines. Despite the late-year dip, major indexes remained on track for double-digit gains in 2025. Investors shifted focus to the Federal Reserve’s 2026 outlook after minutes revealed divisions over further rate cuts. AI and chip stocks drove much of the year’s rally, while some firms lagged sharply.
JPMorgan stock edges up in thin year-end trade as Fed minutes and funding markets steer banks

JPMorgan stock edges up in thin year-end trade as Fed minutes and funding markets steer banks

JPMorgan shares rose 0.3% to $324.25 in afternoon trading Wednesday, outperforming major U.S. banks. Treasury yields climbed after weekly jobless claims dropped to 199,000, below forecasts. The Federal Reserve minutes showed officials divided over the 2026 rate outlook. Investors await JPMorgan’s earnings on Jan. 13 and the Fed’s Jan. 27–28 meeting.
IREN stock slips in New York trade as bitcoin eases into year-end

IREN stock slips in New York trade as bitcoin eases into year-end

IREN shares fell about 1% to $37.92 Wednesday afternoon, tracking a 0.6% drop in bitcoin, which traded near $87,688. U.S.-listed bitcoin miners were mixed as year-end portfolio adjustments continued. Marathon Digital and CleanSpark declined, while Riot Platforms gained. IREN traded between $37.58 and $38.98, with 12.7 million shares changing hands by early afternoon.
Eli Lilly stock today: LLY slips as China Mounjaro cuts and U.S. pricing reset draw focus

Eli Lilly stock today: LLY slips as China Mounjaro cuts and U.S. pricing reset draw focus

Eli Lilly shares slipped 0.1% to $1,078.95 by early afternoon Wednesday after reports of price cuts for its diabetes and obesity drugs in China and a planned U.S. list-price reset. A regulatory filing showed Lilly Endowment, the company’s largest shareholder, trimmed its stake slightly. Investors focused on pricing pressure as the company’s GLP-1 drugs face broader access and lower prices heading into 2026.
Sandisk stock today: SNDK dips as company sets Jan. 29 earnings date

Sandisk stock today: SNDK dips as company sets Jan. 29 earnings date

Sandisk shares fell 1.1% to $237.64 midday Wednesday, trailing a weaker U.S. market as year-end trading remained thin. The company set Jan. 29, 2026, for its fiscal second-quarter results, with investors focused on flash demand from AI data centers. The stock has surged nearly 600% in 2025 since its spin-off from Western Digital. Peers Western Digital, Micron, and Seagate also traded lower.
OneSpaWorld (OSW) stock slides nearly 3% today as year-end trading cools cruise-linked names

OneSpaWorld (OSW) stock slides nearly 3% today as year-end trading cools cruise-linked names

OneSpaWorld Holdings shares fell 2.7% to $20.78 Wednesday, hitting an intraday low with about 53,000 shares traded. No new company news was reported. The cruise-spa operator’s revenue in 2024 depended heavily on Carnival, Royal Caribbean, and Norwegian, according to its annual filing. Broader markets were also lower, with the S&P 500 ETF down 0.3%.
Canada’s grocery code kicks in Jan. 1 as Loblaw, Walmart and rivals sign on — what shoppers should know

Canada’s grocery code kicks in Jan. 1 as Loblaw, Walmart and rivals sign on — what shoppers should know

Canada’s grocery industry code of conduct takes full effect Jan. 1, launching a formal dispute process for suppliers and grocers over fees and contract terms. Loblaw, Empire, Metro, Walmart Canada, and Costco Canada are registered under the voluntary code. The framework does not regulate shelf prices. Ottawa had warned it could make the code mandatory if major retailers did not participate.
31 December 2025
Natural gas price tumbles today on warmer forecasts, light storage draw; UNG, EQT slide

Natural gas price tumbles today on warmer forecasts, light storage draw; UNG, EQT slide

U.S. natural gas futures dropped nearly 7% midday Wednesday to about $3.70/mmBtu, pressured by warmer January forecasts and a smaller-than-expected EIA storage withdrawal of 38 Bcf. The United States Natural Gas Fund fell 6.5%, while gas producers EQT, Antero, and Range Resources also declined. LNG exporter Cheniere was little changed. Traders are watching for updated weather models and LNG feedgas flows.
AI stocks today: Nvidia, AMD tick higher as year-end trade turns cautious

AI stocks today: Nvidia, AMD tick higher as year-end trade turns cautious

Nvidia rose 0.6% and AMD gained 0.5% in afternoon trading Wednesday, while Microsoft, Broadcom, and Meta slipped as Wall Street drifted lower in thin year-end trade. Meta announced plans to acquire AI startup Manus for $2–3 billion. Brookfield launched a cloud business tied to a $10 billion AI fund. Markets close Thursday for New Year’s Day.
Bitcoin price today slips under $88,000 as year-end trade thins; Coinbase, miners mixed

Bitcoin price today slips under $88,000 as year-end trade thins; Coinbase, miners mixed

Bitcoin fell below $88,000 Wednesday, last down 0.7% at $87,753 as thin trading and rate uncertainty weighed. U.S.-listed spot bitcoin ETFs saw $355 million in net inflows Tuesday, with BlackRock’s iShares Bitcoin Trust reporting $67.8 billion in assets. Initial U.S. jobless claims dropped to 199,000 last week. Coinbase fell 1.1%, while bitcoin miner Riot Platforms gained 1.6% in regular trading.

Stock Market Today

  • Toromont Industries Q1 Surge and Dividend Support Spark Valuation Debate
    May 3, 2026, 6:27 PM EDT. Toromont Industries (TSX:TIH) posted strong first quarter results with higher sales, net income, and earnings per share, alongside a confirmed dividend. Its shares jumped 24.26% over three months and nearly doubled in total returns over a year, closing at CA$217.38. Despite this momentum, analysts' consensus price target is CA$209.56, suggesting the stock is about 3.7% overvalued. Conversely, a discounted cash flow (DCF) model values shares at CA$234.08, implying a 7.1% undervaluation. Investors face a valuation crossroads amid margin pressures from rising costs and dependence on Caterpillar. The divergence between analyst targets and DCF models underscores differing views on future growth and risks in capital equipment and infrastructure demand.

Latest article

Navitas Semiconductor Stock Is Running Hot. Tuesday Will Test the AI Power Story

Navitas Semiconductor Stock Is Running Hot. Tuesday Will Test the AI Power Story

4 May 2026
Navitas Semiconductor shares rose 5.76% to $17.45 Friday on heavy volume ahead of first-quarter results due Tuesday. The company forecast Q1 revenue of $8.0–$8.5 million after posting a $41.4 million loss last quarter. Management highlighted new high-power chips for AI data centers but warned that design wins do not guarantee near-term sales. CEO Chris Allexandre and CFO Tonya Stevens will discuss results May 5.
Eaton Stock Faces May 5 Test as AI Data Center Bets Meet Earnings Reality

Eaton Stock Faces May 5 Test as AI Data Center Bets Meet Earnings Reality

4 May 2026
Eaton will report first-quarter results before the NYSE opens Tuesday, following its Boyd Thermal acquisition and push into AI data-center power systems. Shares closed Friday at $425.55, down 1.72%, with a market value near $166 billion. Wall Street expects adjusted earnings of $2.75 per share for the March quarter. Investors are watching for signs that AI data-center demand is driving orders and profit.
Blue Owl Capital Faces Fresh Private-Credit Test After Brown Slashes OBDC Stake

Blue Owl Capital Faces Fresh Private-Credit Test After Brown Slashes OBDC Stake

4 May 2026
Brown University cut its stake in Blue Owl Capital Corp’s main private-credit fund by 53%, holding 1.5 million OBDC shares at March 31, down from 3.2 million at the end of 2025. Blue Owl’s quarterly filing showed revenue rose to $753.8 million, net income doubled to $15.5 million, but its direct-lending strategy posted a 1.1% net loss as repayments outpaced new loans.
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