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Investing News 29 January 2026

Gold price whipsaws after $5,595 record as traders cash out; Fed chair pick looms

Gold price whipsaws after $5,595 record as traders cash out; Fed chair pick looms

Spot gold fell 1.2% to $5,349.70 an ounce in New York after swinging from a record $5,594.82 to as low as $5,149.99. The drop followed the Fed’s decision to keep rates steady and ahead of Trump’s pick to replace Powell. The World Gold Council reported record 2025 demand, driven by investment and ETF inflows. The dollar index rose 0.36% after the Fed announcement.
KLA stock price rises today as KLAC earnings loom after the bell

KLA stock price rises today as KLAC earnings loom after the bell

KLA Corp shares rose $28.33, or 1.7%, to $1,655.53 by early afternoon Thursday, with 562,000 shares traded. Investors are watching for KLA’s fiscal Q2 earnings after the close, with forecasts at $8.79 per share on $3.24 billion revenue. Chip-equipment stocks moved after Lam Research beat estimates and issued strong guidance. KLA’s conference call is set for 2:00 p.m. PT.
Bank of America stock price today: BAC outperforms as Fed pause sharpens rate bets

Bank of America stock price today: BAC outperforms as Fed pause sharpens rate bets

Bank of America shares climbed 1.9% to $52.78 Thursday, outperforming as the Federal Reserve held rates steady and signaled patience on cuts. Wells Fargo and JPMorgan also gained. Bank of America and Wells Fargo will match the government’s proposed $1,000 “Trump Account” contribution for eligible employees’ families, according to internal memos. Key U.S. inflation and jobs data are due in early February.
Southwest Airlines stock jumps nearly 15% as overhaul bets lift LUV shares

Southwest Airlines stock jumps nearly 15% as overhaul bets lift LUV shares

Southwest Airlines shares jumped nearly 15% to $46.95 midday Thursday after the company projected at least $4.00 adjusted EPS for 2026 and announced new bag fees and seat upgrades. Executives reported strong early customer feedback but said more booking data is needed before finalizing forecasts. Franklin Resources disclosed a 7.8% stake as of Dec. 31. Wall Street had expected $3.19 per share in 2026, according to LSEG.
Walmart stock price rises after pharmacy pay boost as investors eye healthcare push (WMT)

Walmart stock price rises after pharmacy pay boost as investors eye healthcare push (WMT)

Walmart shares rose 0.7% to $117.39 by midday Thursday after the company raised pay for 3,000 pharmacy technicians and expanded wage ranges to as much as $40.50 an hour. The move comes as Walmart upgrades pharmacy roles and scales digital health services. The S&P 500-linked SPDR ETF fell 0.6% and Amazon dropped 1.2% in the same session. Walmart operates about 4,600 pharmacies nationwide.
Bloom Energy stock drops 7% as analyst buzz cools with earnings in sight

Bloom Energy stock drops 7% as analyst buzz cools with earnings in sight

Bloom Energy shares fell about 7% to $154 by midday Thursday, reversing part of a two-day rally that set a 52-week high. The drop followed new analyst coverage and price targets, with Barclays initiating at Equalweight and Baird raising its target to $172. Investors await fourth-quarter results on Feb. 5, focusing on orders and capacity. The broader fuel-cell sector also declined as tech stocks slid.
Starbucks stock slips as SBUX Investor Day lays out 2028 profit targets and new Rewards tiers

Starbucks stock slips as SBUX Investor Day lays out 2028 profit targets and new Rewards tiers

Starbucks shares fell 0.7% to $94.49 after CEO Brian Niccol’s first Investor Day, where the company set a 2028 non-GAAP EPS target of $3.35–$4.00 and an operating margin goal of 13.5%–15%. Wall Street remains concerned about rising labor and coffee costs despite recent U.S. sales gains and a 6% rise in quarterly revenue.
Costco stock price slips as Wall Street wobbles; what to watch before COST’s sales update

Costco stock price slips as Wall Street wobbles; what to watch before COST’s sales update

Costco shares fell 0.5% to $955.91 Thursday, lagging the market as U.S. stocks slid on concerns over tech sector AI investments. The company will report January sales on Feb. 4, with a $1.30 per share dividend for holders as of Jan. 30. Wall Street’s main indexes hit their lowest levels in over a week. Initial jobless claims dropped to 209,000 last week.
Visa stock price ticks higher ahead of earnings as Mastercard results set the tone

Visa stock price ticks higher ahead of earnings as Mastercard results set the tone

Visa shares rose 0.9% to $329.82 by late morning Thursday, ahead of its fiscal Q1 earnings release after the bell. Mastercard reported better-than-expected profit and announced plans to cut 4% of its workforce, sending its shares up over 1.7%. Rothschild Redburn upgraded Visa to “buy” and raised its price target to $385. Visa also filed amendments restricting some officer liabilities under Delaware law.
AppLovin stock price rises as it fights back against a short-seller report

AppLovin stock price rises as it fights back against a short-seller report

AppLovin shares rose 1.7% to $551.58 Thursday after the company sent a cease-and-desist letter to short seller CapitalWatch, demanding a retraction of a critical report. The stock has been volatile this month, dropping nearly 6% on Jan. 21 before rebounding in recent sessions. The SEC is investigating AppLovin’s data-collection practices. Fourth-quarter earnings are due Feb. 11.
Tesla stock slides as Musk’s $20 billion spending push puts cash in the spotlight

Tesla stock slides as Musk’s $20 billion spending push puts cash in the spotlight

Tesla shares fell 2.2% to $421.80 Thursday after the company reported Q4 revenue of $24.9 billion, down 3% from a year ago, and net income of $840 million. Tesla said it will more than double capital spending to over $20 billion in 2026, focusing on robotaxis, robotics, and battery output. Production of the Model S and X will end. The company lost its global EV sales lead to BYD.
Applied Materials stock swings in Thursday trade as Mizuho upgrade meets tech selloff

Applied Materials stock swings in Thursday trade as Mizuho upgrade meets tech selloff

Applied Materials shares fell 0.9% to $333.80 Thursday despite a Mizuho upgrade and higher price target, as chip-equipment stocks traded mixed and the Nasdaq dropped 1%. About 7.7 million shares changed hands. The company released proxy materials for its March 12 shareholder meeting. Broader market weakness and policy risks, including U.S. export controls to China, continued to weigh on the sector.
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Stock Market Today

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.
iFAST share price drops 3% as markets shut; earnings next week in focus

iFAST share price drops 3% as markets shut; earnings next week in focus

7 February 2026
iFAST shares fell 3.2% to S$9.64 in heavy trading Friday, closing near the day’s low as investors awaited FY2025 results due Feb. 12. The stock is about 13% below its 52-week high. iFAST recently agreed to buy a 30% stake in Financial Alliance for S$19.6 million, pending regulatory approval. Assets under administration stood at S$30.62 billion as of Sept. 30.
Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

Sembcorp Industries share price: what to watch after Friday dip as Feb 25 results near

7 February 2026
Sembcorp shares closed at S$6.05 on Friday, down 0.33%, as Singapore’s STI dropped 0.8%. Shareholders approved the A$6.5 billion Alinta Energy takeover on Jan 30, but the deal still faces regulatory and closing conditions. Sembcorp will release FY2025 results on Feb 25 before market open. Trading volume reached about 4.3 million shares.
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