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Financial News News 8 January 2026

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 08.01.2026

LIVEMarkets rolling coverageStarted: January 8, 2026, 12:00 AM ESTUpdated: January 8, 2026, 11:59 PM EST Royalty Pharma Undervalued on DCF Despite 1-Year Rally (RPRX) January 8, 2026, 11:59 PM EST. RPRX trades at $40.26, after a 40% return in the last year. A Discounted Cash Flow model-using a 2-stage Free Cash Flow to Equity framework-yields an intrinsic value around $179.83 a share, implying the stock is about 77.6% undervalued versus today. The model assumes TTM FCF of roughly $429.4 million and forecasts growth to about $4.2 billion by 2030. On a multiples basis, the stock trades at P/E 22.49x, above
8 January 2026
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DBS Smashes S$58, OCBC Tops S$20: Singapore Bank Stocks Hit Records as Dividend Hunt Intensifies

DBS Smashes S$58, OCBC Tops S$20: Singapore Bank Stocks Hit Records as Dividend Hunt Intensifies

SINGAPORE, January 8, 2026, 10:37 (SGT) Shares of DBS, Southeast Asia’s largest bank by assets, pushed past S$58 for the first time on Wednesday, hitting S$58.80 before ending at a new closing high of S$58.40. OCBC rose to S$20.25 and later eased to S$20.06, in a bank-led run that drove Singapore’s Straits Times Index (STI) to another record. https://www.straitstimes.com/business/banking/dbs-ocbc-shares-extend-record-breaking-rally The move matters because the three local banks dominate the STI and have become a go-to trade for investors hunting income. With interest rates expected to fall, Morningstar’s Lorraine Tan said high-quality dividend payers are being used as a stand-in for
8 January 2026
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ServiceNow (NOW) stock rises as Jan. 28 earnings date set — key levels and risks to watch

ServiceNow (NOW) stock rises as Jan. 28 earnings date set — key levels and risks to watch

New York, January 7, 2026, 21:28 EST — Market closed ServiceNow (NOW) shares rose 1.4% to $150.90 on Wednesday, their third straight gain, even as the broader market slipped. Trading volume was about 6 million shares, below its 50-day average, market data showed. The company said it will release fourth-quarter and full-year 2025 results after the close on Jan. 28 and hold a conference call at 2 p.m. Pacific. MarketWatch+1 That date lands with the stock pinned near the lower end of its 52-week range. ServiceNow is below its 50-day moving average of $166.28 and its 200-day average of $181.17
8 January 2026
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Citigroup stock slips ahead of Jan. 14 earnings as bank season nears

Citigroup stock slips ahead of Jan. 14 earnings as bank season nears

NEW YORK, January 7, 2026, 21:07 EST — Market closed Citigroup Inc shares eased on Wednesday, with the stock last down 0.9% at $121.37. The session ranged from $120.72 to $122.81 as traders squared positions into next week’s bank earnings run. The timing matters because big U.S. lenders start reporting on Jan. 13, and Citi is in the first wave a day later alongside peers including Bank of America and Wells Fargo. Analysts expect stronger capital-markets activity to lift earnings per share (EPS) — a common profit measure — and Dealogic data show global investment banking revenue rose 15% in
8 January 2026
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Wall Street jolted by Trump buyback, home-buying moves; S&P 500 slips, Nasdaq steadied by AI

Wall Street jolted by Trump buyback, home-buying moves; S&P 500 slips, Nasdaq steadied by AI

NEW YORK, Jan 7, 2026, 21:13 (EST) U.S. stocks slipped on Wednesday, with the S&P 500 and Dow closing lower after touching record highs earlier in the session as President Donald Trump’s policy shots hit defense and housing-related shares. The Nasdaq ended slightly higher as investors returned to AI, or artificial intelligence, heavyweights including Nvidia and Alphabet. The S&P 500 fell 0.34% to 6,920.93, the Nasdaq rose 0.16% to 23,584.28 and the Dow dropped 0.94% to 48,996.08. (Reuters) The retreat comes with earnings season weeks away and valuations already stretched. The S&P 500 is trading about 22 times expected earnings
8 January 2026
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Verizon stock near $40: payrolls report, dividend date and Jan. 30 earnings in focus

Verizon stock near $40: payrolls report, dividend date and Jan. 30 earnings in focus

NEW YORK, January 7, 2026, 20:26 EST — Market closed. Verizon Communications Inc (VZ) shares fell 0.4% to $40.13 at Wednesday’s close and ticked up to $40.15 in late trading. The stock ranged from $39.99 to $40.80 and traded about 23.2 million shares. Yahoo Finance+1 The modest move leaves Verizon heading into the next session with one clear company catalyst: its fourth-quarter report on Jan. 30. Verizon said it will post results and give a business update on a webcast starting at 8 a.m. Eastern time. Verizon Macro could still do the heavy lifting first. The S&P 500 ended down
8 January 2026
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AutoZone stock rebounds 2.3% after eight-day skid as Mizuho flags higher costs

AutoZone stock rebounds 2.3% after eight-day skid as Mizuho flags higher costs

NEW YORK, January 7, 2026, 20:02 EST — Market closed AutoZone Inc shares closed up about 2.3% at $3,318.08 on Wednesday, after trading between $3,246 and $3,351. The rise snapped an eight-session losing streak and came on heavier-than-usual volume, market data showed. AutoZone outperformed O’Reilly Automotive, while Advance Auto Parts and CarParts.com fell; the stock is still about 24% below its 52-week high of $4,388.11 set on Sept. 11. MarketWatch The bounce matters because analysts have been pushing back on the idea that AutoZone can keep delivering steady double-digit earnings growth while it steps up spending. Mizuho analyst David Bellinger
8 January 2026
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Carvana stock rises after Vanguard stake filing as Jefferies flags December sales pickup

Carvana stock rises after Vanguard stake filing as Jefferies flags December sales pickup

New York, Jan 7, 2026, 19:55 ET — After-hours Carvana Co (CVNA) shares rose on Wednesday after a filing showed The Vanguard Group held an 11.86% stake in the online used-car retailer at the end of 2025. The stock closed up about 2.4% at $450.78 and was up around 0.1% at $451.26 in extended trading as of 7:54 p.m. ET. MarketBeat The disclosures land as investors keep looking for clean reads on demand and positioning in a stock that has swung hard with the tape. Carvana nearly doubled in 2025 and joined the S&P 500 in December, drawing steady index-fund
8 January 2026
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Freeport-McMoRan stock (FCX) pulls back after 52-week high as copper turns choppy again

Freeport-McMoRan stock (FCX) pulls back after 52-week high as copper turns choppy again

New York, Jan 7, 2026, 19:54 EST — After-hours Freeport-McMoRan (FCX) shares fell 1.16% to $55.50 on Wednesday, easing after the copper miner hit a 52-week high a day earlier. The stock finished about 2.8% below that peak on roughly 20.8 million shares, above its 50-day average, while the Dow and S&P 500 ended lower. MarketWatch Investors are trading Freeport as a copper proxy, and the metal’s run has started to wobble. Three-month copper on the London Metal Exchange dropped as much as 3% to $12,842.50 a metric ton on Wednesday after hitting an all-time high of $13,387.50 in the
8 January 2026
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SoFi stock steadies after $1.6 billion share sale as BofA stays cautious ahead of earnings

SoFi stock steadies after $1.6 billion share sale as BofA stays cautious ahead of earnings

NEW YORK, Jan 7, 2026, 19:39 ET — After-hours SoFi Technologies (SOFI.O) shares were up about 0.1% at $27 in after-hours trading on Wednesday, after ranging from $26.42 to $27.18 in the session. The stock has been whipsawed this week by a familiar mix for fast-growing consumer finance names: capital raises, valuation arguments, and what happens to loan growth when the market stops giving you the benefit of the doubt. SoFi said in an SEC filing that underwriters exercised an option to buy additional shares and the company completed the issuance and sale on Jan. 5, bringing the total shares
8 January 2026
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Compass (COMP) stock jumps after-hours on Q4 outlook lift and $750 mln notes plan ahead of Anywhere merger

Compass (COMP) stock jumps after-hours on Q4 outlook lift and $750 mln notes plan ahead of Anywhere merger

NEW YORK, Jan 7, 2026, 19:26 ET — After-hours Compass, Inc. shares rose 9.4% to $11.84 in after-hours trading on Wednesday after the real estate brokerage flagged stronger fourth-quarter performance and detailed financing plans tied to its pending merger with Anywhere Real Estate. The stock swung between $9.90 and $12.58 during the session on volume of about 103 million shares. The timing matters because Compass is trying to lock down funding and momentum before the deal closes. In an SEC filing, Compass said it expects fourth-quarter revenue at the high end of its prior $1.59 billion to $1.69 billion range
8 January 2026
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Thermo Fisher stock slips after-hours as TD Cowen lifts target ahead of JPM talk, earnings

Thermo Fisher stock slips after-hours as TD Cowen lifts target ahead of JPM talk, earnings

New York, Jan 7, 2026, 18:54 EST — After-hours Thermo Fisher Scientific shares slipped about 0.6% in after-hours trading on Wednesday to $617.15, after swinging between $611.93 and $626.40 during the session. The dip comes with the stock sitting near recent highs and the calendar tightening. Investors are staring at next week’s J.P. Morgan Healthcare Conference and Thermo Fisher’s quarterly results later this month, looking for a clean read on demand and the 2026 setup. On Tuesday, the company said it enrolled the first patient in a new PPD CorEvitas obesity registry, a prospective study meant to collect “real-world evidence”
8 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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