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Stock Market News 16 January 2026

Roblox stock jumps as Wall Street points to ‘Escape Tsunami’ hit with earnings weeks away

Roblox stock jumps as Wall Street points to ‘Escape Tsunami’ hit with earnings weeks away

Roblox shares climbed 4.3% to $88.27 Friday afternoon, outperforming the broader market after Morgan Stanley reiterated an Overweight rating and cited momentum for the new title “Escape Tsunami.” Jefferies maintained Hold but cut its target to $85, citing uncertainty over 2026 bookings growth. Roblox’s next earnings report is scheduled for February 5. Unity Software and Take-Two Interactive both declined.
BridgeBio Pharma (BBIO) stock edges up after $550 million convertible notes pricing — what investors watch next

BridgeBio Pharma (BBIO) stock edges up after $550 million convertible notes pricing — what investors watch next

BridgeBio Pharma shares rose 0.5% to $76.66 Friday after announcing a $550 million convertible notes sale with a 0.75% interest rate and a $110.58 conversion price. The company expects $538.4 million in net proceeds and plans to use funds to repay 2027 notes and for general purposes. Trading volume reached about 5.9 million shares. The sale is set to close January 21.
16 January 2026
Boston Scientific (BSX) stock falls again as traders digest $14.5 billion Penumbra buy

Boston Scientific (BSX) stock falls again as traders digest $14.5 billion Penumbra buy

Boston Scientific shares fell 1.8% to $88.44 Friday after its $14.5 billion deal to buy Penumbra, while Penumbra rose 0.3% to $351.62. Boston will fund most of the purchase with cash and new debt, expecting a $0.06–$0.08 hit to adjusted EPS in the first year. Penumbra shareholders can choose cash or Boston stock. Deal filings and Boston’s earnings call are set for February 4.
16 January 2026
Seagate stock rises after Susquehanna drops bearish call; STX heads into an earnings test

Seagate stock rises after Susquehanna drops bearish call; STX heads into an earnings test

Seagate shares rose 1.6% to $325.55 Friday after Susquehanna upgraded the stock and raised its price target to $280, citing strong execution of new data storage technology. Trading volume was below average at 2.4 million shares. Barclays and Wells Fargo also sharply lifted their targets. Seagate’s earnings call is set for January 27, with investors watching for signs of sustained demand from data centers.
Verizon stock slips as Frontier deal nears the finish line after California OK

Verizon stock slips as Frontier deal nears the finish line after California OK

Verizon shares fell 0.7% to $39.08 after California regulators approved its $20 billion acquisition of Frontier, with the deal set to close next week. The approval includes broadband expansion and affordability conditions. A 10-hour outage this week prompted Verizon to offer $20 credits to affected customers. Investors await Verizon’s Q4 earnings on Jan. 30 amid scrutiny over service reliability and integration plans.
AI stocks today: Micron jumps as chip names hold up after TSMC’s big AI spend signal

AI stocks today: Micron jumps as chip names hold up after TSMC’s big AI spend signal

Micron surged 5.6% to $355.58 Friday afternoon, leading gains in AI chip stocks after TSMC raised its 2026 revenue forecast and capex plan. Nvidia and AMD posted smaller increases. President Trump imposed a 25% tariff on some advanced AI chips, with exemptions for U.S. data centers. Lawmakers criticized continued Nvidia shipments to China under new rules.
PNC stock jumps in U.S. trading as buyback ramp and earnings beat grab attention

PNC stock jumps in U.S. trading as buyback ramp and earnings beat grab attention

PNC Financial reported fourth-quarter net income of $2.03 billion, or $4.88 per share, beating Wall Street estimates and sending its shares up 3.7% to $223.09 Friday. Revenue reached a record $6.07 billion, with net interest income at $3.731 billion. The bank announced Q1 share buybacks of up to $700 million. The Fed’s next policy meeting is set for Jan. 27-28.
Why American Express (AXP) stock is climbing today after fresh credit data

Why American Express (AXP) stock is climbing today after fresh credit data

American Express shares rose about 3% to $367.96 Friday after a regulatory filing showed U.S. consumer delinquencies dipped to 1.3% in December. Small business delinquencies edged up to 1.7%, while net write-offs held steady. The update comes ahead of the company’s quarterly earnings report later this month. Investors remain alert to possible U.S. action on credit card interest rates.
16 January 2026
AbbVie stock slides on mixed lymphoma trial readout as investors eye the next catalyst

AbbVie stock slides on mixed lymphoma trial readout as investors eye the next catalyst

AbbVie shares fell 1.1% to $214.35 Friday after its lymphoma drug epcoritamab met a key trial goal but failed to show a statistically significant overall survival benefit. The company said it will consult regulators on next steps. AbbVie also outlined plans to expand into obesity drugs and will report earnings Feb. 4. U.S. markets close Monday for Martin Luther King Jr. Day.
Amphenol stock slips after Wall Street target hikes; earnings are the next test

Amphenol stock slips after Wall Street target hikes; earnings are the next test

Amphenol shares fell 1.1% to $152.54 Friday after announcing a $16.4 million open offer to acquire up to 26% of ADC India. The company recently closed its $4.1 billion CommScope cable unit deal and will report Q4 earnings Jan. 28. Goldman Sachs, BofA, and UBS raised price targets, citing strong data-center demand. About 5.4 million shares traded; broader indexes were flat.
CrowdStrike stock price today: CRWD steadies after China ban report and outage lawsuit dismissal

CrowdStrike stock price today: CRWD steadies after China ban report and outage lawsuit dismissal

CrowdStrike shares closed up 0.2% at $455.91 Friday after the company said it expects minimal impact from China’s push to replace foreign cybersecurity software. A U.S. judge dismissed a shareholder lawsuit over the 2024 outage, though Delta Air Lines’ suit continues. CEO George Kurtz’s trust filed to potentially sell $9.66 million in shares. Broader market activity remained cautious ahead of the long weekend.
Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

Home Depot shares edged up Friday after investors led by Zevin Asset Management filed a proposal urging the company to assess privacy risks from Flock Safety license-plate reader cameras. The vote is set for the annual meeting in May. Home Depot said it does not provide federal law enforcement access. Morgan Stanley and Truist raised their price targets, citing steady sales and strong credit-card data.
Reddit stock price steadies after Thursday’s rout as ad checks sting and earnings loom

Reddit stock price steadies after Thursday’s rout as ad checks sting and earnings loom

Reddit shares rose 1% to $231.12 Friday, rebounding after a 9% drop the previous day and valuing the company near $43 billion. Investors are watching ad pricing and conversion rates ahead of Reddit’s Q4 earnings report on Feb. 5. RBC flagged weak feedback from smaller ad agencies, while Emplifi announced a deal to integrate Reddit’s Enterprise API into its brand tools.

Stock Market Today

Agricultural Bank of China 601288 A-shares slide as tech rout bites; inflation data is the next test

Agricultural Bank of China 601288 A-shares slide as tech rout bites; inflation data is the next test

7 February 2026
Agricultural Bank of China’s A shares closed down 0.45% at 6.67 yuan in Shanghai Friday, with turnover at 2.24 billion yuan. The bank’s A-share capital remained unchanged at 319.24 billion shares as of Jan. 31. Mainland and Hong Kong stocks fell after a global tech selloff and a sharp drop in silver futures. China’s January CPI data is due Feb. 11, with trading expected to thin ahead of the Lunar New Year break.
Palantir stock price rebounds after AI shakeout — what traders watch next week

Palantir stock price rebounds after AI shakeout — what traders watch next week

7 February 2026
Palantir Technologies shares rose 4.5% to $135.90 Friday after reporting a 70% jump in Q4 revenue to $1.407 billion and forecasting 61% revenue growth in 2026. The stock rebounded from a 6.8% drop Thursday, triggered by concerns over Big Tech capital spending and AI’s impact on software demand. A new partnership with Cognizant and U.S. government policy shifts kept Palantir in focus. Director Alexander D. Moore sold 20,000 shares on Feb. 2.
Coca-Cola stock price ends near $79 — frozen products exit sets up KO earnings week

Coca-Cola stock price ends near $79 — frozen products exit sets up KO earnings week

7 February 2026
Coca-Cola will discontinue its frozen products, including the Minute Maid frozen line, in the U.S. and Canada in Q1 2026. Shares closed Friday up 0.66% at $79.03 ahead of Tuesday’s quarterly results. CEO James Quincey sold 337,824 shares on Feb. 3 for about $26 million under a pre-arranged plan. Options pricing suggests a possible 3% move after earnings.
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