Today: 4 May 2026

Kymera Therapeutics (KYMR) stock falls today as biotech slips — what traders are watching

Kymera Therapeutics (KYMR) stock falls today as biotech slips — what traders are watching

Kymera Therapeutics shares fell 3% to $77.94 Tuesday afternoon, underperforming a 1.4% drop in the SPDR S&P Biotech ETF. The decline follows December’s $692 million equity raise and positive Phase 1b data for its STAT6 degrader KT-621. The stock traded about 9% below its recent $86 offering price. Investors are watching for updates on trial progress and cash burn ahead of 2026 milestones.
Almonty Industries stock today: ALM slips as CBS report spotlights U.S. tungsten supply deal

Almonty Industries stock today: ALM slips as CBS report spotlights U.S. tungsten supply deal

Almonty Industries shares fell 3.9% to $8.90 Tuesday after early gains, trading between $8.90 and $9.39. The drop followed news that CEO Lewis Black met U.S. officials and signed a deal tied to future tungsten supply from the Sangdong mine in South Korea, which is set to start production in early 2026. Almonty recently raised $129.4 million in a U.S. share sale and delivered its first ore to Sangdong’s staging area.
Why Praxis Precision Medicines (PRAX) stock is down today after FDA breakthrough nod for its tremor drug

Why Praxis Precision Medicines (PRAX) stock is down today after FDA breakthrough nod for its tremor drug

Praxis Precision Medicines shares fell 3% to $295.50 Tuesday afternoon, retreating after a 14% surge Monday on FDA Breakthrough Therapy Designation for ulixacaltamide in essential tremor. The company plans to submit a New Drug Application in early 2026. Jefferies and BTIG raised price targets following the FDA news.
Why Western Digital stock is down today: WDC slides as year-end rotation cools AI-hardware trades

Why Western Digital stock is down today: WDC slides as year-end rotation cools AI-hardware trades

Western Digital shares fell 1.7% to $176.55 Tuesday, reversing early gains and underperforming storage peers in thin year-end trading. The stock, up 303% in 2025, has been volatile amid portfolio reshuffling and investor focus on Fed policy signals. No company news was tied to the drop. Broader U.S. indexes were little changed.
Why Caris Life Sciences (CAI) stock is down today as biotech slips

Why Caris Life Sciences (CAI) stock is down today as biotech slips

Caris Life Sciences shares fell 1.8% to $27.44 by 2:41 p.m. ET Tuesday, underperforming biotech peers as sector benchmarks declined. The drop followed recent attention on Caris’ Genentech partnership, which includes $25 million upfront and up to $1.1 billion in potential milestones. The S&P 500 and Nasdaq were flat. Investors are watching Caris’ test volumes and revenue guidance.
30 December 2025
Lululemon stock slips today as founder Chip Wilson launches proxy fight over board shake-up

Lululemon stock slips today as founder Chip Wilson launches proxy fight over board shake-up

Lululemon shares slipped 0.6% to $211.30 after founder Chip Wilson launched a proxy fight for board seats. The board said it will review Wilson’s nominees and issue a recommendation before the 2026 annual meeting. The move follows CEO Calvin McDonald’s decision to step down Jan. 31, with two executives named interim co-CEOs. Wilson holds a 4.27% stake and is acting alone, according to Reuters.
30 December 2025
Texas Instruments stock today: TXN flat after ReRAM licensing deal as Fed minutes land

Texas Instruments stock today: TXN flat after ReRAM licensing deal as Fed minutes land

Texas Instruments shares hovered near $176 after Weebit Nano licensed its ReRAM memory technology to the chipmaker for embedded processing chips. The stock slipped 0.01% to $175.67 in afternoon trading. The deal covers IP licensing and technology transfer, with Weebit’s ReRAM qualified for automotive-grade reliability. Trading volume was muted as investors digested the Fed’s latest meeting minutes.
30 December 2025
Rigetti stock today: RGTI steadies as Fed minutes and year-end flows keep quantum names jumpy

Rigetti stock today: RGTI steadies as Fed minutes and year-end flows keep quantum names jumpy

Rigetti Computing shares rose 0.3% to $22.34 Tuesday afternoon after swinging 3% intraday. IonQ gained 1.2% and D-Wave Quantum advanced 1.6%, while the broader market was flat. Trading was thin ahead of year-end, with investors rotating within technology. The Federal Reserve’s December minutes showed policymakers split on further rate cuts.
Ares Management stock drops 3% in New York as Fed minutes hit year-end trading

Ares Management stock drops 3% in New York as Fed minutes hit year-end trading

Ares Management shares dropped 3.1% to $163.85 Tuesday afternoon, underperforming rivals as fresh Federal Reserve minutes showed policymakers split on future rate cuts. A Reuters column noted shrinking yield premiums in private credit, a core Ares business, as public markets regain ground. About 966,000 Ares shares traded, with the stock hitting a low of $163.49. Blackstone was flat; Apollo, KKR, and Carlyle edged down less than 1%.
AT&T stock today ticks higher as Fed minutes loom and year-end rotation lifts telecoms

AT&T stock today ticks higher as Fed minutes loom and year-end rotation lifts telecoms

AT&T shares rose 0.1% to $24.80 Tuesday afternoon as the broader market remained subdued ahead of Federal Reserve minutes. The stock traded in a narrow range, with peers Verizon and T-Mobile also slightly higher. Investors are watching for AT&T’s Jan. 28 earnings and updates on satellite connectivity with AST SpaceMobile. The 10-year Treasury yield edged up to 4.134%.

Stock Market Today

  • Mercedes' Kimi Antonelli Soars After Miami GP Win, Toto Wolff Praises Form
    May 3, 2026, 7:29 PM EDT. Mercedes chief Toto Wolff hails Kimi Antonelli's 'astounding' Form 1 run after the Italian's commanding Miami Grand Prix victory, marking his third consecutive win. The 19-year-old now leads the championship by 20 points over teammate George Russell, defying expectations that Russell would be Mercedes' top contender. Wolff highlights Antonelli's maturity and ability to capitalize on strong car performance. Despite a shaky start to his rookie season in 2025, Antonelli is fast establishing himself as a generational talent and now stands as the bookmakers' favorite for the Drivers' Championship. Wolff calls the Miami drive Antonelli's best yet, noting the precision reminiscent of the driver's early karting days.

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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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