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NZX:STU 6 January 2026

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand’s S&P/NZX 50 index rose 0.56% to 13,663.58 Tuesday, led by steel and construction stocks after a takeover bid for Australia’s BlueScope Steel. Vulcan Steel jumped 3.6%, Steel & Tube 4.7%, and Fletcher Building 1.6%. BlueScope surged 21% in Sydney after receiving a buyout proposal from SGH and Steel Dynamics. Banks fell, with Westpac and ANZ both down 2.6%.
6 January 2026
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Stock Market Today

  • ServiceNow Stock Drops 9.4% on UBS Downgrade and AI Competition Concerns
    April 11, 2026, 8:20 PM EDT. ServiceNow (NYSE:NOW) shares fell 9.4% after UBS downgraded the stock from "Buy" to "Neutral," cutting its price target to $100. Analysts cited worries over ServiceNow's competitive position as businesses shift budgets from traditional software to AI tools. The stock has been volatile, with 11 moves over 5% in the last year. Market reaction reflects concern but not a fundamental business shift. ServiceNow is down 44.3% year-to-date, trading 60.7% below its 52-week high. Investor returns over five years have declined from $1,000 to $764.56 in value. The rise of AI-driven autonomous systems, like those from Anthropic, poses risks to legacy platforms like ServiceNow, intensifying market pressure.

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India F-35 Deal Hits Pause: Lockheed Martin Says No Direct Talks, U.S. Door Still Open

India F-35 Deal Hits Pause: Lockheed Martin Says No Direct Talks, U.S. Door Still Open

11 April 2026
Lockheed Martin said it is not in direct talks with India over the F-35, clarifying that any approach must go through official U.S. and Indian channels under the Foreign Military Sales process. Indian officials confirmed no formal discussions on acquiring the F-35 have begun. India recently approved a $40 billion military upgrade, including other fighter jets, while Lockheed’s F-21 remains in a separate competition.
Why SNOW Stock Is Falling Again: Snowflake Nears 52-Week Low as AI Worries Hit Software

Why SNOW Stock Is Falling Again: Snowflake Nears 52-Week Low as AI Worries Hit Software

11 April 2026
Snowflake shares fell 8.4% to $121.11 on Friday after an 11.7% drop Thursday, as investors sold off software stocks amid concerns over new AI tools from Anthropic and OpenAI. The stock now trades just above its 52-week low. The S&P 500 Software and Services Index is down 25.5% for the year. Snowflake reported fourth-quarter product revenue of $1.23 billion, up 30% from a year earlier.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 11.04.2026

11 April 2026
LIVEMarkets rolling coverageStarted: April 11, 2026, 12:00 AM EDTUpdated: April 11, 2026, 8:20 PM EDT ServiceNow Stock Drops 9.4% on UBS Downgrade and AI Competition Concerns April 11, 2026, 8:20 PM EDT. ServiceNow (NYSE:NOW) shares fell 9.4% after UBS downgraded the stock from "Buy" to "Neutral," cutting its price target to $100. Analysts cited worries over ServiceNow's competitive position as businesses shift budgets from traditional software to AI tools. The stock has been volatile, with 11 moves over 5% in the last year. Market reaction reflects concern but not a fundamental business shift. ServiceNow is down 44.3% year-to-date, trading 60.7%
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