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Market Trends News 4 February 2026 - 5 February 2026

XRP price hits post-election low as traders eye $1.00 — while a $30 roadmap makes the rounds

XRP price hits post-election low as traders eye $1.00 — while a $30 roadmap makes the rounds

XRP fell to $1.44 on Thursday, its lowest since November 2024, after bitcoin’s drop triggered risk-off moves across crypto markets. The token broke below $1.60 support, prompting a spike in demand for downside protection among options traders. Technical analysts warned of further volatility, with some pointing to potential targets as low as $1.00.
Teradyne stock drops nearly 5% after AI-fueled rally cools, Northland flags valuation

Teradyne stock drops nearly 5% after AI-fueled rally cools, Northland flags valuation

Teradyne shares fell 4.9% to $269.07 at Wednesday’s close, retreating after a sharp post-earnings rally. The company reported a 44% jump in Q4 revenue to $1.083 billion, driven by AI demand, and issued guidance above Wall Street estimates. Northland downgraded the stock on valuation concerns. The drop came as chip stocks slid broadly, with AMD plunging 17% and Nvidia also down.
Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal shares rose 7.5% Wednesday after the company raised its full-year outlook and reported a 10% jump in quarterly sales to $530 million. The toolmaker credited early customer purchases ahead of tungsten price hikes. Adjusted EPS reached 47 cents, beating analyst estimates. Year-to-date free cash flow fell to $38 million from $57 million.
CoreWeave stock slides as tech rout deepens; insider sale notices add fresh pressure

CoreWeave stock slides as tech rout deepens; insider sale notices add fresh pressure

CoreWeave shares fell 8.5% to $82.40 Wednesday amid heavy trading, following steep declines in AMD and the Nasdaq. SEC filings showed entities linked to officer Brannin McBee plan to sell over 9,000 shares. Hagens Berman launched a probe into alleged data-center delays and disclosure risks. CoreWeave’s next earnings report is scheduled for Feb. 18.
Dow Jones slips while Nasdaq slides as tech selloff bites again

Dow Jones slips while Nasdaq slides as tech selloff bites again

The Dow Jones fell 47.77 points, or 0.1%, to 49,193.22 by 1:37 p.m. EST Wednesday, as tech stocks dragged the Nasdaq down 2.17%. Investors weighed weaker private payrolls data and steady services activity ahead of Alphabet’s earnings after the bell. Super Micro Computer raised its revenue outlook, while AMD’s forecast added to AI hardware jitters.
XRP price drops toward $1.50 as Ripple adds Hyperliquid and U.S. policy churn weighs on crypto

XRP price drops toward $1.50 as Ripple adds Hyperliquid and U.S. policy churn weighs on crypto

XRP fell 1.7% to $1.51 in 24 hours, with $4.4 billion in trading volume, as traders watch Federal Reserve leadership uncertainty and stalled stablecoin legislation. Ripple announced its Prime platform now supports Hyperliquid for on-chain derivatives. XRP is down 21% on Coinbase in a week. The SEC fined Ripple $125 million last August and barred XRP institutional sales.
Uber stock slides after profit outlook misses as robotaxi push and CFO change grab focus

Uber stock slides after profit outlook misses as robotaxi push and CFO change grab focus

Uber shares fell 4% to $74.84 after fourth-quarter profit missed estimates and the company issued a weaker first-quarter outlook. CFO Prashanth Mahendra-Rajah will step down Feb. 16, with Balaji Krishnamurthy taking over. Uber highlighted robotaxi expansion, aiming for service in up to 15 cities by 2026. Lyft and DoorDash shares also declined in afternoon trading.
Seagate (STX) stock price slides 9% as AI-linked tech sells off; CEO share sale disclosed

Seagate (STX) stock price slides 9% as AI-linked tech sells off; CEO share sale disclosed

Seagate shares fell 9.4% to $402.82 by midday Wednesday after CEO William Mosley sold 20,000 shares on Feb. 2 under a 10b5-1 plan, according to an SEC filing. The drop followed a broader tech selloff as the Nasdaq slipped 1%. Other storage stocks, including Western Digital and Micron, also declined sharply. Seagate’s board declared a $0.74 quarterly dividend, payable April 8.
GE Vernova (GEV) stock tumbles 7% as bond sale settles, even with a fresh Baird upgrade

GE Vernova (GEV) stock tumbles 7% as bond sale settles, even with a fresh Baird upgrade

GE Vernova shares fell 6.6% to $729.05 by midday Wednesday after a streak of record highs, following news of a $2.6 billion bond sale to fund its $5.3 billion Prolec GE acquisition. The stock swung between $728 and $797. Baird upgraded the stock, while Xcel Energy and GE Vernova announced a major turbine and wind project alliance. The company’s wind segment reported a $598 million EBITDA loss for 2025.
Salesforce (CRM) stock steadies after AI selloff jitters — what traders are watching next

Salesforce (CRM) stock steadies after AI selloff jitters — what traders are watching next

Salesforce shares edged up 0.1% to $196.54 Wednesday morning after a 7% drop the previous day, as software stocks faced heavy selling on AI disruption fears. Trading volume reached 11.1 million shares, with the stock swinging between $187.29 and $199.64. Investors are watching for Salesforce’s earnings and guidance for signs of demand and AI strategy.
B2Gold stock slips as gold’s rollercoaster rattles miners ahead of BTG earnings

B2Gold stock slips as gold’s rollercoaster rattles miners ahead of BTG earnings

B2Gold shares fell 1% to $4.97 Wednesday morning after swinging as high as $5.22, mirroring sharp moves in gold prices. The VanEck Gold Miners ETF dropped 0.9% and Newmont and Kinross also declined. CME Group’s margin hike and a stronger dollar after Kevin Warsh’s Fed nomination fueled volatility. B2Gold will report Q4 and 2025 results on Feb. 18.

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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