Today: 7 February 2026
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NAB share price jumps 2% after RBA hike — what traders watch next

NAB share price jumps 2% after RBA hike — what traders watch next

National Australia Bank shares rose 2.1% to A$43.93 Wednesday after the Reserve Bank of Australia lifted its cash rate by 25 basis points to 3.85%. Major banks, including NAB, announced matching increases to variable mortgage rates, their first such move in two years. Investors await the RBA’s meeting minutes on Feb. 17 and NAB’s trading update on Feb. 18.
4 February 2026
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Westpac share price jumps after Reserve Bank of Australia rate hike — what to watch next for ASX:WBC

Westpac share price jumps after Reserve Bank of Australia rate hike — what to watch next for ASX:WBC

Westpac shares closed up 1.45% at A$39.89 after the RBA raised its cash rate by 25 basis points to 3.85%. The bank will increase variable home loan rates by 0.25% from Feb. 17. Investors are watching for further RBA moves at the next policy meeting in mid-March. Major lenders moved quickly to pass on the rate hike to borrowers.
4 February 2026
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Northern Star stock jumps 6% after JPMorgan upgrade as gold claws back above $5,000

Northern Star stock jumps 6% after JPMorgan upgrade as gold claws back above $5,000

Northern Star Resources shares surged 6.2% to A$28.55 Wednesday, their best day this week, after JPMorgan upgraded the stock to Buy and gold prices jumped 2.7% in Asian trading. The All Ordinaries Gold index rose 3.5%. Northern Star will report half-year results on Feb. 12, with investors watching for updates on costs and operational issues.
4 February 2026
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BHP stock jumps nearly 5% as miners snap back — what investors watch before Feb. 17 results

BHP stock jumps nearly 5% as miners snap back — what investors watch before Feb. 17 results

BHP’s U.S. shares surged 4.8% to close near $72.74 Tuesday, with 5.1 million shares traded amid a broad rally in mining stocks. Rio Tinto and Vale also advanced, as commodities swung sharply on a stronger dollar and higher futures margin requirements. Investors await BHP’s half-year results due February 17. No new ASX updates from BHP since January 29.
4 February 2026
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Xero share price sinks 16% to a 52-week low as software stocks get hit again

Xero share price sinks 16% to a 52-week low as software stocks get hit again

Xero plunged 15.7% to A$81.06 in Sydney, hitting a 52-week low and leading losses among software stocks as Technology One and WiseTech Global each fell about 10%. The drop followed sharp declines in U.S. tech shares and came despite the S&P/ASX 200 rising 0.8%. Investors are awaiting U.S. tech earnings and Xero’s May update for direction.
4 February 2026
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SoFi stock slides as JPMorgan upgrade meets fresh price-target cuts

SoFi stock slides as JPMorgan upgrade meets fresh price-target cuts

SoFi Technologies shares fell 1.4% to $21.76 Tuesday after a volatile session with trading volume topping 92 million. JPMorgan upgraded the stock to Overweight, but UBS and Deutsche Bank trimmed their price targets. Traders await Wednesday’s delayed labor data and Fed minutes for rate signals. Other fintech stocks, including Upstart and LendingClub, also declined.
4 February 2026
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Spotify stock slides 7% below $500 — Checkout.com deal and Feb. 10 earnings keep SPOT in focus

Spotify stock slides 7% below $500 — Checkout.com deal and Feb. 10 earnings keep SPOT in focus

Spotify shares fell 6.8% to $473.99 Tuesday, then edged up 0.3% after hours. Checkout.com announced it will handle card payments for Spotify in over 180 countries. Investors are watching for Spotify’s Feb. 10 earnings, after a recent U.S. price hike to $12.99 for Premium. Broader markets also declined, with the Nasdaq down 1.4%.
4 February 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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