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NASDAQ:ESTC 2 January 2026

MongoDB stock drops about 4% in late trade as software sector slides — what’s next for MDB

MongoDB stock drops about 4% in late trade as software sector slides — what’s next for MDB

MongoDB shares fell about 4% to $402 Friday, underperforming the broader market as software stocks dropped on the first trading day of 2026. The iShares Expanded Tech-Software Sector ETF lost 2.6%, while the S&P 500 edged up 0.2%. Investors await next week’s U.S. jobs and inflation data for signals on growth-stock sentiment. MongoDB’s next earnings report is expected March 4.
2 January 2026
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Stock Market Today

  • RBC Capital Cuts Snowflake Target Price to $220, Maintains Outperform Rating
    May 21, 2026, 4:48 AM EDT. RBC Capital has reduced Snowflake's target price to $220 from $245 while maintaining its outperform rating. The adjustment reflects updated market assessments but signals continued confidence in Snowflake's growth potential. Snowflake, a cloud data platform provider, remains a key player in the technology sector. RBC Capital's target changes influence investor expectations and could impact trading strategies.

Latest articles

Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit Falls as TurboTax Forecast Cut Weighs on Shares Despite Profit Beat

21 May 2026
Intuit shares fell 13.4% in late trading after the company cut its 2026 TurboTax revenue forecast and announced a 17% reduction in full-time staff, affecting about 3,000 roles globally. The stock closed Wednesday at $383.93 before dropping to $332.48 after hours. Intuit will close its Reno and Woodland Hills offices, with U.S. layoffs effective by July 31.
HMRC pay code error could cut UK take-home, warns tax accountants

HMRC pay code error could cut UK take-home, warns tax accountants

21 May 2026
Hundreds of Zopa customers and potentially thousands of UK savers have had tax codes changed after HMRC used incorrect savings-interest data, including wrongly treating tax-free ISA interest as taxable. Some savers saw pay drop or overpaid tax before errors were fixed. HMRC said affected taxpayers should contact the agency if their records are wrong.
Intel stock rebounds as chip optimism builds on Wall Street

Intel stock rebounds as chip optimism builds on Wall Street

21 May 2026
Intel last traded at $118.96, up 7.4%, as chip stocks rebounded ahead of U.S. market open. The move followed analyst price target hikes and renewed focus on AI-related demand for CPUs. Nvidia forecast $91 billion in second-quarter revenue and announced an $80 billion buyback, but its shares fell in after-hours trading. The next U.S. market holiday is Memorial Day, May 25.
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