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Stock Market 7 February 2026

SpaceX shares traded at $185 on Friday, down from a high of $225.64 earlier in the week but still well above the $135 IPO price. ARK’s purchases of SpaceX have linked Tesla and ETF flows, making it more difficult for fund holders to track their exposure. In Germany, advisers are planning to recommend tying retirement age to life expectancy and introducing a state-run capital fund, with Austria being considered as a benchmark despite inflation and gender differences complicating comparisons. AbbVie is reportedly close to acquiring Apogee Therapeutics for $10.9 billion in cash, with an announcement expected soon. The healthcare ETF XLV fell nearly 3% for the week, and biotechnology stocks remain sensitive to interest rate changes. The Financial Select Sector SPDR rose 0.4% last week, lagging the S&P 500’s 0.9% gain, while regional banks dropped about 2.2%. The Federal Reserve kept rates steady at 3.50%-3.75% but indicated a possible hike later in the year. S&P 500 industrials gained 2.6% over the four-day week, outperforming the broader market, with cheaper oil helping transport firms. The Energy Select Sector SPDR Fund fell 6.6%, tracking declines in major U.S. energy stocks, while Brent crude dropped to $80.57 a barrel. Nasdaq rose 2.4% for the week, ahead of the S&P 500, with upcoming reports from Micron and key economic data expected. MercadoLibre stock has dropped nearly 40% from its peak due to increased competition and fintech challenges in Latin America, despite a recent 49% rally from its lows.
Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

Northern Star Resources fell 1.7% to A$26.77 Friday, extending losses as gold miners and the broader market declined. MGX Resources completed its A$50 million purchase of a 50% stake in the Central Tanami Gold Project from Northern Star. The All Ordinaries Gold index dropped 3.24%. CME Group raised COMEX gold futures margin requirements to 9% amid volatility.
Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank of Australia shares closed at A$158.91, down 0.23% Friday, as the S&P/ASX 200 fell 2.03% and nearly A$70 billion was wiped from the market. The bank reports half-year results and an interim dividend on Feb. 11, with shares going ex-dividend Feb. 18. CBA flagged a A$68 million provision linked to ASIC’s Better Banking review. The RBA raised rates to 3.85% on Feb. 3, with CBA passing on the increase from Feb. 13.
7 February 2026
CSL share price in focus after ASX sell-off: what investors watch before Feb 11 results

CSL share price in focus after ASX sell-off: what investors watch before Feb 11 results

CSL Limited shares closed down 0.4% at A$180.50 Friday as the S&P/ASX 200 dropped 2.03% to 8,708.80. CSL will report half-year results and announce its interim dividend on Feb. 11, with the stock set to trade ex-dividend March 10. A filing showed 59,992 CSL conditional rights lapsed this week. The company’s market value stands near A$87 billion, down about a third in the past year.
WiseTech Global share price slides to A$47.60 as AI fears batter ASX tech — what to watch next

WiseTech Global share price slides to A$47.60 as AI fears batter ASX tech — what to watch next

WiseTech Global shares fell 4.6% to A$47.60 Friday, with turnover at 3.61 million shares, amid a broader selloff in software stocks. The S&P/ASX 200 dropped 2.03%, its worst session since November, and WiseTech is down 28.7% for the month. U.S. software stocks have lost about $1 trillion since Jan. 28. WiseTech’s half-year results are due Feb. 25.
Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

Macquarie Group share price slips 2% after APRA eases liquidity curbs — what to watch next week

Macquarie Group shares fell 2.17% to A$207.83 Friday, marking a third straight decline as the ASX 200 slid 2%. Australia’s regulator trimmed liquidity requirements for Macquarie Bank after improvements in controls. Macquarie Asset Management announced two UK utility deals, including full ownership of Last Mile Infrastructure and the purchase of Energy Assets Group. Investors await Tuesday’s operational briefing.
7 February 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 11:59 PM EST ASX set for relief rally as investors brace for volatile earnings season February 7, 2026, 11:24 PM EST. Australian shares are expected to rebound strongly on Monday, with S&P/ASX 200 futures up 1.2% after a sharp 2% drop on Friday, the worst since last April. Investors are preparing for a volatile earnings season as major companies including CSL, Commonwealth Bank, and James Hardie release results. The bounce reflects buyers stepping in after recent losses, but market swings may persist amid uncertainty surrounding blue-chip earnings performance.
7 February 2026
Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
7 February 2026
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
7 February 2026
Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
7 February 2026

Stock Market Today

  • MercadoLibre Stock Drops Near 40% From Peak — Potential Buy Opportunity
    June 21, 2026, 9:27 AM EDT. MercadoLibre (MELI) stock has fallen nearly 40% from its all-time high amid rising competition and fintech challenges across Latin America. Despite a 49% revenue surge in Q1 2026, net income dropped 16%, hit by $1.24 billion in loan losses from its lending operations. The e-commerce and fintech company is addressing compressed margins and increasing bad loans by leveraging AI to improve borrower repayment. MercadoLibre's strong market position and moves to outlast smaller competitors could lead to higher market share in the long term. The current share price reflects these struggles but may present a buying opportunity for investors betting on the company's strategic resilience and growth prospects.

Latest articles

SpaceX Faces Pressure From ARK Flows, Retail Limits, Lockups as IPO Rally Rolls

SpaceX Faces Pressure From ARK Flows, Retail Limits, Lockups as IPO Rally Rolls

21 June 2026
SpaceX ended its first public week at $185—37% above IPO—after peaking at $225.64, as index additions and ETF flows drive volatile trading and supply risk; up to 20% of restricted shares may hit the market after Q2 earnings, just as investors weigh SpaceX’s $60 billion Anysphere deal and looming $20 billion bond, with index demand poised to cushion or amplify moves depending on earnings and AI spending.
SpaceX Stock Risks Build as ARK ETF Flows, Retail Rules and Lockups Test IPO Rally

SpaceX Stock Risks Build as ARK ETF Flows, Retail Rules and Lockups Test IPO Rally

21 June 2026
SpaceX ended its first public week at $185, up 37% from its $135 IPO price but down from Tuesday’s $225.64 high, as index inclusion and ETF flows drive demand while looming lock-up releases and the first earnings report threaten new supply and volatility, with Moody’s, Fitch, and S&P giving investment-grade ratings but skeptics warning on valuation.
Germany faces pension reform tussle as costs for ageing, defence rise

Germany faces pension reform tussle as costs for ageing, defence rise

21 June 2026
Germany’s pension commission will propose raising the retirement age to 68 by 2051 and creating a state-run investment fund, forcing Chancellor Merz’s coalition to weigh later retirement, higher contributions, and market risk as Germany’s aging population strains public finances, Reuters and Handelsblatt report.
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