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NYSE:XEL News 4 February 2026

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

New York, February 4, 2026, 12:27 ET — Regular session GE Vernova shares dropped 6.6% to $729.05 by midday Wednesday, after starting the session close to $795. The stock swung widely, trading as low as $728 and as high as $797. This slide is significant as GE Vernova has become a popular proxy for U.S. power demand and grid investment,…
4 February 2026
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Stock Market Today

  • Reddit Shares Drop 6.9% Amid Growing AI Automation Concerns
    February 4, 2026, 4:11 PM EST. Shares of Reddit Inc (NYSE:RDDT) slipped 6.9% following Anthropic's launch of advanced AI tools aimed at automating entire workflows, raising investor fears AI may replace key software jobs rather than just assist. This decline adds to recent volatility; Reddit has experienced 62 moves exceeding 5% this year, including a 9.3% slide over advertising revenue worries flagged by Cleveland Research. Despite the pullback, Reddit remains down 36.7% year-to-date at $153.23, trading 43.4% below its 52-week high. The market seems to view the latest AI development as impactful but not a fundamental threat to Reddit's business. Investors weighing entry should note the stock's high volatility and ongoing competitive pressures from generative AI platforms prioritizing rivals like YouTube for content.
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