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Stock Market News 29 January 2026

Meta stock jumps nearly 11% as Wall Street sizes up $135 billion AI spending plan

Meta stock jumps nearly 11% as Wall Street sizes up $135 billion AI spending plan

Meta shares jumped 10.7% after the company posted fourth-quarter revenue of $59.89 billion, up 24%, and issued a strong first-quarter outlook. The company forecast 2026 expenses of $162–169 billion and capital spending of $115–135 billion. Advertising revenue rose 24% to $58.14 billion. Meta warned of higher costs tied to data centers and AI, pressuring margins.
Nebius (NBIS) stock price drops 7% as Microsoft-led tech rout hits AI cloud names

Nebius (NBIS) stock price drops 7% as Microsoft-led tech rout hits AI cloud names

Nebius shares fell 7.4% to $93.01 Thursday, reversing an early rally as investors weighed Microsoft’s rising AI costs and Meta’s larger capex plans, which include Nebius as a cloud partner. The stock traded between $91.24 and $100.80. Selling spread to other AI-linked stocks, with CoreWeave down 8.6%. Markets await Apple’s earnings for further signals on tech and AI investment.
SoFi stock slides ahead of Friday earnings as options price in a big SOFI move

SoFi stock slides ahead of Friday earnings as options price in a big SOFI move

SoFi Technologies shares fell 1.7% to $24.19 Thursday ahead of its fourth-quarter and full-year 2025 earnings report due Friday morning. Options markets are pricing in an 8.6% swing after results, with analyst ratings split and Bank of America assigning a sell rating. Fitch finalized ratings for SoFi’s new $347.5 million consumer-loan securitization. Trading volume topped 52 million shares.
Microchip Technology stock slips today: MCHP falls with tech as Feb. 5 earnings loom

Microchip Technology stock slips today: MCHP falls with tech as Feb. 5 earnings loom

Microchip Technology shares fell 2.2% to $78.55 Thursday amid a broader tech sell-off sparked by Microsoft’s earnings update. The drop comes a week before Microchip’s quarterly results on Feb. 5. The company recently raised its Q3 sales forecast and launched new microcontrollers targeting industrial markets. BofA Securities upgraded the stock to “Buy” on Wednesday, raising its price target to $95.
Ondas (ONDS) stock price drops as Optimus drone hits DCMA Blue UAS cleared list

Ondas (ONDS) stock price drops as Optimus drone hits DCMA Blue UAS cleared list

Ondas Inc shares fell about 8% to $11.29 Thursday after its American Robotics Optimus drone was added to the DCMA’s Blue List of approved unmanned systems. Trading volume topped 74 million shares. The company also disclosed details of its $224.6 million acquisition of Israel-based Sentry CS Ltd in a new SEC filing. Next earnings report is scheduled for March 11.
Denali Therapeutics stock price rises as FDA freezes rival Regenxbio’s Hunter syndrome gene therapy trials

Denali Therapeutics stock price rises as FDA freezes rival Regenxbio’s Hunter syndrome gene therapy trials

Denali Therapeutics shares rose 3.7% to $21.62 Thursday after the FDA halted Regenxbio’s gene therapy trials over a brain tumor case, intensifying focus on Denali’s Hunter syndrome drug under FDA review. Investors await Denali’s clinical data update in early February and a regulatory decision by April 5. The iShares Nasdaq Biotechnology ETF was little changed.
IBM stock rises after earnings beat, as Wall Street zeroes in on Red Hat and Washington risk

IBM stock rises after earnings beat, as Wall Street zeroes in on Red Hat and Washington risk

IBM shares rose 3.3% to $304.01 Thursday after reporting fourth-quarter revenue of $19.7 billion and adjusted earnings of $4.52 per share, beating forecasts. The gain contrasted with declines in other software stocks as investors questioned AI investment returns. Red Hat growth slowed to 10%, partly due to a U.S. government shutdown. IBM will stop reporting its “AI book of business” separately starting next quarter.
Capital One stock today: COF near $219 as Fed pause resets rate bets, Visa and AmEx earnings next

Capital One stock today: COF near $219 as Fed pause resets rate bets, Visa and AmEx earnings next

Capital One shares edged up 0.2% to $218.76 Thursday, trading between $217.44 and $223.00 on 2.3 million shares. Mastercard jumped 3.9% after beating profit forecasts and announcing job cuts. The Fed held rates steady, with traders watching for a possible cut in June. Capital One remains 16% below its January high.

Stock Market Today

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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