Today: 8 June 2026
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NYSE:RDN 14 January 2026 - 21 March 2026

Rocket Companies Stock Falls 7% as Mortgage Rates Hit 3-Month High, Wiping Out Upgrade Rally

Rocket Companies Stock Falls 7% as Mortgage Rates Hit 3-Month High, Wiping Out Upgrade Rally

Rocket Companies shares fell 6.8% to $13.65 Friday, underperforming other mortgage stocks as U.S. mortgage rates climbed to 6.22%. The drop followed an analyst upgrade and recent strong revenue guidance. Wall Street broadly declined amid inflation and rate hike concerns. Rocket ended below its post-upgrade close of $14.76.
Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies fell 13.7% to $17.93 Friday, with trading volume tripling its 50-day average. Mortgage lenders slid after PennyMac missed profit targets and dropped 33%, citing tighter loan margins. The 10-year Treasury yield neared 4.25% as markets reacted to Kevin Warsh’s Fed nomination. Investors await U.S. jobs data and mortgage figures next week.
Mortgage rates today: Rocket stock slips as 30-year fixed moves back above 6%

Mortgage rates today: Rocket stock slips as 30-year fixed moves back above 6%

Rocket Companies shares fell 1.9% to $22.76 in early Wednesday trading as the average 30-year fixed mortgage rate climbed to 6.07%. Mortgage lenders and insurers, including loanDepot and MGIC Investment, also dropped. U.S. consumer prices rose 2.7% in December, keeping traders focused on inflation and upcoming economic data. Investors are watching for fresh mortgage-application numbers and inflation reports later in the day.

Stock Market Today

  • Asian Shares Fall as Big Tech Rally Ends and Wall Street Faces Steep Losses
    June 8, 2026, 9:23 AM EDT. Asian stocks declined Monday following a sharp sell-off in Big Tech shares on Wall Street, marking its worst day in months. The drop was fueled by increasing concerns over a potential interest rate hike by the U.S. Federal Reserve, which investors fear may dampen growth prospects for high-valuation technology companies. The tech sell-off weighed on major indexes in Asia, reflecting global investor caution amid tightening monetary policy expectations. This market reaction underscores ongoing volatility tied to central bank decisions and sector-specific risks in technology stock investments.

Latest articles

Tango Therapeutics Stock Surges After Cancer Drug Shows 92% Response Rate

Tango Therapeutics Stock Surges After Cancer Drug Shows 92% Response Rate

8 June 2026
Tango shares soared up to 48% in premarket trading after reporting a 92% objective response rate and 90% six-month progression-free survival in a 12-patient pancreatic cancer trial, with plans to advance the vopimetostat-daraxonrasib combo to Phase 3 testing in first-line MTAP-deleted pancreatic cancer.
Plug Power Stock Faces a Make-or-Break Week After Friday’s 10% Drop

Plug Power Stock Faces a Make-or-Break Week After Friday’s 10% Drop

8 June 2026
Plug Power rose 2.95% to $3.31 in Monday pre-market trading after a $39.2 million federal tax credit sale tied to its St. Gabriel hydrogen facility, as investors await CEO Jose Luis Crespo’s June 11 update on liquidity and asset sales amid ongoing losses and a recent 10.69% stock drop.
ABAT Shares Jump on DOE’s $115M Lithium Grant Return

ABAT Shares Jump on DOE’s $115M Lithium Grant Return

8 June 2026
American Battery Technology Co shares soared 29.58% to $4.03 premarket after the U.S. Department of Energy fully reinstated a $115 million grant for its Nevada lithium refinery, restoring federal funding for the Tonopah Flats Lithium Project with no change to awarded funds or milestones, though risks remain from permitting, financing, and volatile lithium prices.
NANO Nuclear Stock Bounces, Investors Eye What’s Next

NANO Nuclear Stock Bounces, Investors Eye What’s Next

8 June 2026
NANO Nuclear Energy jumped 7.8% to $25.40 in premarket trading after a 9.9% Friday drop, as traders weighed fresh insider sales filings and recent regulatory progress on its KRONOS microreactor project; the company held $568.7 million in cash as of March 31, but faces sector-wide volatility and execution risks.
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