Baker Hughes, Novartis, Microsoft make deeper cuts as layoff worries mount

Job cuts were back in the market spotlight Thursday as U.S.-listed firms like Baker Hughes and Novartis announced new layoffs, bringing more workforce reductions in energy and healthcare to a field already busy with restructuring at Microsoft and Coursera.

Natural Gas Price Forecast: Storage Surprise Keeps Henry Hub Near $2.80 Before Summer Demand Test

Natural Gas Price Forecast: Storage Surprise Keeps Henry Hub Near $2.80 Before Summer Demand Test

Natural gas futures in the U.S. wrapped up the week just under $2.80 per million British thermal units. Prices held their ground on a lighter storage build, though a decisive move higher remained elusive with spring demand lagging. As of May 8, Trading Economics showed natural gas at $2.80, marking a monthly gain of roughly 5%, but the contract is still off more than 26% compared to the same period last year.
Stock Market Today: US Futures Slide Before the Bell as Oil Tops $100; Goldman Falls, Exxon and Baker Hughes Rise

Stock Market Today: US Futures Slide Before the Bell as Oil Tops $100; Goldman Falls, Exxon and Baker Hughes Rise

U.S. stock futures slipped ahead of Monday’s session as oil surged past the $100 mark—a reaction to stalled U.S.-Iran peace talks over the weekend. Energy names rallied, but banks and travel stocks took a hit. As of 8:32 a.m. ET, Dow futures had dropped 1.06%, S&P 500 futures were off 0.63%, and Nasdaq 100 futures slipped 0.62%.
SLB stock jumps nearly 5% as 2026 opens — OPEC+ meeting and earnings in focus

SLB stock jumps nearly 5% as 2026 opens — OPEC+ meeting and earnings in focus

SLB N.V. shares rose 4.74% to $40.20 on Friday, outpacing the broader market in the first U.S. session of 2026. The stock traded between $38.07 and $40.44 and last changed hands at $40.23 in after-hours trading. Analysts tracked by Stock Analysis rate SLB a “strong buy” with a $50.96 price target, and the company is scheduled to report results on Jan. 23. StockAnalysis

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.