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Financial News News 2 January 2026

DoorDash stock drops as California refund law kicks in — what investors are watching next

DoorDash stock drops as California refund law kicks in — what investors are watching next

NEW YORK, January 2, 2026, 3:33 PM ET — Regular session DoorDash (DASH.O) shares were down 2.3% at $221.17 in afternoon trading on Friday, after swinging between $221.15 and $229.65. The stock’s decline came as a new set of California laws took effect on Jan. 1, including AB 578, which strengthens consumer and worker protections for food delivery platforms. The measure requires refunds when orders are undelivered, incorrect or partially fulfilled and mandates access to a real customer-service representative when automated systems cannot resolve an issue. ( Governor of California) Governor of California Why this matters now: California is DoorDash’s
Intuitive Surgical stock falls today: what’s driving ISRG and what investors watch next

Intuitive Surgical stock falls today: what’s driving ISRG and what investors watch next

NEW YORK, January 2, 2026, 3:30 PM ET — Regular session Intuitive Surgical shares slid 1% to $560.61 in afternoon trading on Friday, lagging a mixed U.S. tape in the market’s first session of 2026. The drop matters because investors are starting the year with fresh sensitivity to valuation—how much they are paying for a dollar of earnings—after a strong 2025 run left many stocks priced for good news. Reuters “Stocks trade expensive on 18 of 20 measures, and we see elevated risks to the index level in the near term,” Savita Subramanian, Bank of America’s equity and quant strategist,
BILL stock drops about 6% as Wall Street turns choppy to start 2026

BILL stock drops about 6% as Wall Street turns choppy to start 2026

NEW YORK, Jan 2, 2026, 15:16 ET — Regular session BILL Holdings, Inc. (NYSE: BILL) shares were down 6.3% at $51.11 in mid-afternoon trading on Friday, after sliding from an early high and touching a session low of $50.73. The stock last closed at $54.54. The drop came as U.S. stocks wobbled in the first session of 2026, with investors rotating toward chipmakers even as the broader market softened. “Stocks trade expensive on 18 of 20 measures,” Bank of America strategist Savita Subramanian wrote, flagging elevated near-term risks for equities. Reuters For BILL, the timing matters because the company just
AT&T stock slips today as 2026 kicks off; traders eye earnings and rates

AT&T stock slips today as 2026 kicks off; traders eye earnings and rates

NEW YORK, January 2, 2026, 15:26 ET — Regular session AT&T (NYSE:T) shares fell 0.6% to $24.68 on Friday, down from a prior close of $24.84, as of 3:10 p.m. ET. The stock traded between $24.50 and $24.87, with about 15.9 million shares changing hands. The move came in a mixed U.S. session to start 2026, with the S&P 500 proxy SPY up 0.2% and the tech-heavy QQQ down 0.1% in afternoon trade. “Stocks trade expensive on 18 of 20 measures,” Savita Subramanian, Bank of America’s equity and quant strategist, wrote in a note, as investors weighed the Federal Reserve’s
Booking Holdings stock falls today as Wall Street wobbles to start 2026 — what’s driving BKNG

Booking Holdings stock falls today as Wall Street wobbles to start 2026 — what’s driving BKNG

New York, Jan 2, 2026, 14:57 ET — Regular session Booking Holdings shares were lower on Friday as U.S. equities gave back early gains in the first regular session of 2026. The stock was down about 0.9% at $5,306.83 in afternoon trading. The move matters now because investors are resetting positions after a strong 2025, with valuations and interest-rate expectations back in focus. A broad pullback in consumer discretionary stocks — a sector that includes travel and online retail — has also weighed on sentiment. Reuters “Stocks trade expensive on 18 of 20 measures,” Savita Subramanian, Bank of America’s equity
Nebius stock jumps about 7% as chips rally in first U.S. session of 2026 (NBIS)

Nebius stock jumps about 7% as chips rally in first U.S. session of 2026 (NBIS)

NEW YORK, Jan 2, 2026, 15:09 ET — Regular session Shares of Nebius Group N.V. were up 7.4% at $89.91 on Friday afternoon, extending a rebound in AI infrastructure-linked stocks as chip names led the market. The move matters because Nebius is widely seen as a high-beta proxy for demand for graphics processing units, or GPUs — chips used to train and run artificial intelligence models. When investors lean into AI hardware, smaller infrastructure suppliers often swing harder. Friday was the first full U.S. trading session of 2026, with traders recalibrating risk after last year’s gains and turning to early-year
Palo Alto Networks stock today: PANW slides nearly 3% as cybersecurity shares lag to start 2026

Palo Alto Networks stock today: PANW slides nearly 3% as cybersecurity shares lag to start 2026

NEW YORK, January 2, 2026, 15:04 ET — Regular session Palo Alto Networks, Inc. shares fell about 2.9% to $178.87 in afternoon trading on Friday. The stock opened at $184.81 and swung between $186.99 and $177.23; about 4.1 million shares had traded. The move matters because investors are using the first trading day of the year to reset risk positions, and high-growth software has been sensitive to shifts in interest-rate expectations. A heavy U.S. data calendar next week could move bond yields and reshape valuations quickly. The weakness was broad across cybersecurity: CrowdStrike was down about 3.5%, Zscaler fell about
Spyre Therapeutics stock sinks 7% today: what’s pressuring SYRE and what investors watch next

Spyre Therapeutics stock sinks 7% today: what’s pressuring SYRE and what investors watch next

NEW YORK, Jan 2, 2026, 14:37 ET — Regular session Shares of Spyre Therapeutics, Inc. slid about 7% on Friday, falling to $30.48 in afternoon trading after touching a session low of $30.11. The stock opened at $32.76 and was last down $2.28 on the day. The move left Spyre underperforming the broader biotech tape, with the SPDR S&P Biotech ETF down about 0.7% and the iShares Nasdaq Biotechnology ETF off about 0.2%. “Money managers are waiting to see … the vibe for the coming year,” said Thomas Martin, senior portfolio manager at Globalt, describing the first-session tone in U.S.
Marvell stock jumps 5% in early 2026 session as chip rally lifts MRVL — what’s next

Marvell stock jumps 5% in early 2026 session as chip rally lifts MRVL — what’s next

NEW YORK, Jan 2, 2026, 14:52 ET — Regular session Marvell Technology, Inc. shares were up 5.3% at $89.52 in afternoon trading on Friday, after earlier touching $90.08, as chip stocks opened 2026 with broad gains. Volume was about 8.3 million shares, versus a prior close of $84.98. Semiconductors helped keep U.S. equities from sliding further, with the Philadelphia Semiconductor Index — a widely watched gauge of chip stocks — up 3.5%, Reuters reported. “Stocks trade expensive on 18 of 20 measures,” said Savita Subramanian, Bank of America’s equity and quant strategist, in a note. Reuters Why it matters now:
Why Pegasystems stock is sliding today: PEGA drops 6% as 2026 trading opens

Why Pegasystems stock is sliding today: PEGA drops 6% as 2026 trading opens

NEW YORK, Jan 2, 2026, 15:03 ET — Regular session Shares of Pegasystems Inc were down 6.2% at $56.01 in afternoon trading on Friday, after ending the prior session at $59.69, according to Google Finance data. Google The drop stands out on the first trading day of 2026, a moment when investors often reset positioning and recheck what they are paying for growth. That reassessment has hit high-multiple stocks hardest as markets debate whether last year’s momentum can carry into the new year. “Stocks trade expensive on 18 of 20 measures,” Savita Subramanian, Bank of America’s equity and quant strategist,
Polestar stock swings, down 6% as BBVA reveals 8.4% stake in SEC filing

Polestar stock swings, down 6% as BBVA reveals 8.4% stake in SEC filing

NEW YORK, January 2, 2026, 14:50 ET — Regular session Polestar Automotive Holding UK PLC shares fell 6.4% to $20.01 in afternoon trading on Friday, after swinging between $23.29 and $19.67 earlier in the session. The move put fresh focus on the electric-vehicle maker’s capital structure after it announced late last month it would raise $300 million in equity and pursue a separate debt-to-equity conversion with a Geely affiliate. SEC Polestar CEO Michael Lohscheller said the deals “significantly enhance our liquidity position and help strengthen our balance sheet,” in the Dec. 19 announcement. SEC A Schedule 13G filed with the
Caterpillar stock jumps 4% as Wolfe lifts target to $670; investors brace for Jan. 9 jobs report

Caterpillar stock jumps 4% as Wolfe lifts target to $670; investors brace for Jan. 9 jobs report

NEW YORK, Jan 2, 2026, 14:45 ET — Regular session Caterpillar Inc (NYSE: CAT) shares climbed 4.3% on Friday after Wolfe Research raised its price target on the heavy equipment maker to $670 from $470 and reiterated an “outperform” rating, according to MT Newswires. MarketScreener The call landed as Wall Street opened 2026 with a cautious tone and investors repositioned toward economically sensitive names, including industrials, after a choppy finish to 2025. Reuters “The market is looking for direction,” said Matthew Maley, chief market strategist at Miller Tabak, pointing to a packed January calendar that includes the U.S. employment report
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Stock Market Today

RELX share price slides again as AI fears linger, results next week in focus

RELX share price slides again as AI fears linger, results next week in focus

7 February 2026
RELX closed down 4.6% at 2,145 pence in London on Friday, capping a volatile week ahead of its Feb. 12 full-year results. The company bought back 465,361 shares even as selling continued amid investor concerns over AI risks and pricing power. Peers Wolters Kluwer and Thomson Reuters also faced pressure. Markets await RELX’s outlook for 2026 trading.
Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
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