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Financial News News 9 January 2026

Deckers Outdoor stock drops as Needham pulls DECK from Conviction List, putting Hoka growth back under a microscope

Deckers Outdoor stock drops as Needham pulls DECK from Conviction List, putting Hoka growth back under a microscope

NEW YORK, January 9, 2026, 15:10 (ET) — Regular session Deckers Outdoor (DECK) shares fell 4.2% on Friday, slipping to $102.85 in afternoon trading after an early pop faded and the stock turned lower. Shares swung between $108.72 and $102.18. The drop landed even as the broader market held firm, a sign traders were treating this as a stock-specific story. A weaker U.S. jobs report pushed investors to price in a longer pause in Federal Reserve rate cuts, a backdrop that can make growth stocks and consumer names twitchy. (Reuters) Needham analyst Tom Nikic on Thursday removed Deckers from the
Freeport-McMoRan (FCX) stock jumps as copper firms and JPMorgan lifts target ahead of earnings

Freeport-McMoRan (FCX) stock jumps as copper firms and JPMorgan lifts target ahead of earnings

NEW YORK, Jan 9, 2026, 15:33 EST — Regular session Freeport-McMoRan (FCX) shares were up $2.37, or 4.4%, to $56.59 in afternoon trading on Friday. The stock has moved between $54.22 and $56.71 and is sitting within about 1% of its 52-week high of $57.12. (Freeport-McMoRan Investors) Copper prices climbed, lifting miners that tend to track the metal’s ups and downs. Benchmark three-month copper on the London Metal Exchange (LME) — a global reference price — was up about 1.8% at $12,943 a metric ton. (Business Recorder) A day earlier, JPMorgan analyst Bill Peterson lifted his price target on Freeport
Why L3Harris stock is up today: Trump’s $1.5T budget push meets buyback crackdown

Why L3Harris stock is up today: Trump’s $1.5T budget push meets buyback crackdown

New York, January 9, 2026, 15:28 EST — Regular session L3Harris Technologies (LHX.N) shares rose 2.8% to $334.84 in afternoon trading on Friday, after touching $337.97 earlier in the session. The stock is moving on a policy one-two punch: talk of a bigger Pentagon budget, and fresh pressure on contractors to speed up deliveries. That matters now because the sector’s valuation leans on two things that Washington can change fast — future orders and how much cash comes back to shareholders. Defense contractors are seeking legal advice after President Donald Trump signed an executive order tying share buybacks — company
Palo Alto Networks stock slips after Klarich flags share sale; PANW traders eye next catalyst

Palo Alto Networks stock slips after Klarich flags share sale; PANW traders eye next catalyst

New York, January 9, 2026, 15:14 ET — Regular session Palo Alto Networks shares slipped on Friday, underperforming a broader tech-led rise, after a late-day regulatory filing flagged a planned insider sale. The stock was down $1.52, or 0.8%, at $189.28, after trading between $187.42 and $192.13. A Form 144 filed with the U.S. Securities and Exchange Commission showed Lee Klarich, listed as an officer of the company, intends to sell 120,768 class A shares through Goldman Sachs with an aggregate market value of about $23 million. The filing said the sale is tied to a Rule 10b5-1 plan adopted
Linde stock ticks up as Feb. 5 earnings date lands — what investors watch next

Linde stock ticks up as Feb. 5 earnings date lands — what investors watch next

New York, Jan 9, 2026, 15:13 (EST) — Regular session Linde plc shares (LIN.O) rose about 1% on Friday as investors turned to the next catalyst: the industrial gases maker’s fourth-quarter report on Feb. 5. The stock was up $4.49 at $444.18, after trading between $437.59 and $444.62. Linde said it will publish fourth-quarter 2025 results by 6 a.m. EST on Feb. 5 and host a conference call at 9 a.m. EST. The group, which reported 2024 sales of $33 billion, supplies gases and engineering services into chemicals and energy, manufacturing, metals and mining, and healthcare. (Linde) The backdrop is
Vertiv stock rebounds after Thursday slide as jobs data steadies rate-cut bets

Vertiv stock rebounds after Thursday slide as jobs data steadies rate-cut bets

New York, Jan 9, 2026, 15:12 EST — Regular session Shares of Vertiv Holdings Co rose 1.5% to $163.24 in afternoon trading on Friday, clawing back some ground after a sharp drop in the prior session. The data center power-and-cooling supplier fell 6.3% on Thursday, a swing that left the stock nursing losses after a tech-led pullback in U.S. equities ahead of the monthly jobs report. (Investing.com) That matters now because Vertiv trades like a rate-sensitive growth name: when investors lean toward interest-rate cuts, high-multiple infrastructure suppliers tend to catch a bid. Broader U.S. indexes were higher on Friday after
Why Abercrombie & Fitch stock is sliding today despite a UBS target hike

Why Abercrombie & Fitch stock is sliding today despite a UBS target hike

New York, Jan 9, 2026, 14:54 EST — Regular session Abercrombie & Fitch shares fell about 3.7% to $125.09 in afternoon trading on Friday, after swinging between $133.16 and $124.17. The drop came as investors digested a weaker-than-expected U.S. jobs report that pulled attention back to the health of the consumer — and the path for interest rates. “Hiring is still stuck in stall speed,” said Olu Sonola, head of U.S. economic research at Fitch Ratings, after payrolls rose 50,000 in December; the report also showed job losses in retail and left expectations intact for the Federal Reserve to hold
Scorpio Tankers stock slips as BofA downgrade revives “peak rates” debate

Scorpio Tankers stock slips as BofA downgrade revives “peak rates” debate

New York, Jan 9, 2026, 14:45 EST — Regular session Shares of Scorpio Tankers Inc fell about 2.3% on Friday after Bank of America Securities cut its rating on the product tanker operator, pointing to signs the freight market may be closer to a top. The stock was down $1.32 at $54.86 in afternoon trading. The call matters because tanker stocks can move fast when analysts start leaning the other way on day rates, which drive earnings for many shipping owners. Scorpio’s shares had climbed in recent sessions, leaving less room for disappointment when the next set of rate and
AST SpaceMobile stock snaps back near $100 as BofA lifts target after Scotiabank cut

AST SpaceMobile stock snaps back near $100 as BofA lifts target after Scotiabank cut

NEW YORK, Jan 9, 2026, 14:40 (EST) — Regular session AST SpaceMobile shares rose 8.6% to $98.34 in Friday afternoon trading after Bank of America raised its price target on the space-based broadband company to $100 from $85 and kept a Neutral rating. (TipRanks) The rebound follows a sharp pullback earlier this week, a reminder of how fast sentiment can swing on the stock. Scotiabank analyst Andres Coello cut AST SpaceMobile to Sector Underperform — roughly a sell — and put a $45.60 price target on it, saying the valuation had climbed to “irrational levels” even though the company has
MakeMyTrip stock slides 4.5% in U.S. trade as investors turn to Jan. 22 earnings

MakeMyTrip stock slides 4.5% in U.S. trade as investors turn to Jan. 22 earnings

New York, Jan 9, 2026, 14:10 EST — Regular session MakeMyTrip Limited (MMYT.O) shares fell 4.5% to $78.78 in afternoon trading on Friday, after touching an intraday high of $83.42 and then sliding to as low as $78.37. The stock opened at $82.64 and had traded about 577,000 shares by mid-session. The drop puts the stock on course for its weakest close since early January and comes with MakeMyTrip heading into its next quarterly update later this month. Nasdaq’s market activity page lists an earnings date of Jan. 22, though the company has not posted a fresh press release on
Seagate (STX) stock rebounds toward $300 after Goldman target hike, earnings in focus

Seagate (STX) stock rebounds toward $300 after Goldman target hike, earnings in focus

New York, January 9, 2026, 14:10 EST — Regular session Seagate Technology Holdings plc (STX.O) gained 5.4% to $299.92 in afternoon trade, bouncing back from a steep slide the prior day and moving higher alongside storage peers. Western Digital (WDC.O) added 4.3%. Goldman Sachs raised its price target on Seagate to $310 from $280 and reiterated a Buy rating, citing bullish 2026 pricing forecasts. (TipRanks) Why it matters now: Seagate is heading into the stretch of the quarter when investors tend to square positions ahead of results and guidance. The company has not confirmed a date for its next report,
XRP price slips near $2 after Ripple’s UK FCA win — what traders watch next

XRP price slips near $2 after Ripple’s UK FCA win — what traders watch next

NEW YORK, Jan 9, 2026, 13:40 EST — Regular session XRP fell 1.9% to $2.09 on Friday, after touching $2.15 earlier in the session. Bitcoin eased 0.4% and ether fell about 1%. The dip came as traders weighed Ripple’s latest UK regulatory clearance against a cooler tone across risk assets. The UK move matters because it gives Ripple a fresh regulatory foothold in a major payments hub, at a time when crypto firms are trying to look more like infrastructure and less like a trade. XRP, a token tied closely to Ripple headlines, tends to react fast when regulation shifts.
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Stock Market Today

South32 share price drops 4% in ASX rout — what investors watch before results

South32 share price drops 4% in ASX rout — what investors watch before results

7 February 2026
Sydney, Feb 7, 2026, 17:39 AEDT — Market closed. South32 Ltd shares (S32.AX) closed down 4.1% at A$4.41 on Friday, hit by the same risk-off wave that pushed Australian miners sharply lower. The stock traded between A$4.37 and A$4.51 and was down 19 cents from the prior close of A$4.60. (Intelligent Investor) With markets shut for the weekend, the move leaves South32 on the watchlist going into Monday’s open as investors reassess exposure to metals and mining names. The S&P/ASX 200 ended the week down 1.81%. (Morningstar) The benchmark fell 2% on Friday and almost A$70 billion was wiped off
Wesfarmers share price: what to watch on ASX next week as results loom

Wesfarmers share price: what to watch on ASX next week as results loom

7 February 2026
Wesfarmers shares closed down 1.33% at A$85.04 on Friday, following a sharp drop in the S&P/ASX 200, which fell 2% for its steepest one-day loss in 10 months. Investors are watching for Australia’s household spending data next week and Wesfarmers’ half-year results due Feb. 19.
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