Stock Market News 8 January 2026

Fabrinet stock slides after T. Rowe Price filing as tech shares dip

Fabrinet shares dropped 6.5% to $439.75 Thursday, tracking losses across electronics manufacturers and AI hardware stocks. T. Rowe Price disclosed an 11.3% stake in Fabrinet as of Dec. 31. The S&P 500 technology index fell 1.7%. Fabrinet last reported quarterly revenue of $978.1 million and forecast December-quarter revenue of $1.05 billion to $1.10 billion.

8 January 2026

NASDAQ:FN·Stock Market·Technology

Accenture stock jumps 4% on fresh AI moves: Profitmind deal, Faculty buy plan

Accenture shares climbed 4.1% to $285.18 Thursday after the company announced a new AI partnership with Profitmind and a deal to buy UK-based Faculty. The Faculty acquisition, which adds over 400 staff, aims to expand Accenture’s “safe AI” offerings. Analyst Surinder Thind raised his price target to $290. General counsel Joel Unruch sold 1,332 shares at $275 each in a prearranged trade.

8 January 2026

Artificial Intelligence·NASDAQ:CTSH·NASDAQ:DXCM·NYSE:ACN·NYSE:IBM·Stock Market

Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays

Vertiv shares fell about 7% Thursday, trading near $159.55 after opening around $171.26. The drop followed Nvidia’s comments at CES questioning the need for water chillers in data centers, pressuring HVAC-linked stocks. Investors are watching Friday’s U.S. jobs report and Vertiv’s next earnings update for signs of order growth and margins.

8 January 2026

Data Centers·NYSE:VRT·Stock Market·Technology

AeroVironment (AVAV) stock jumps as Trump’s $1.5T defense budget call and drone-rule carve-outs hit markets

AeroVironment shares jumped nearly 8% to $343.30 in afternoon trading Thursday after touching $371.20, following Trump’s call for a $1.5 trillion U.S. military budget for 2027. The FCC said select AeroVironment drone models can still be imported through 2026 despite new restrictions. Defense stocks broadly rebounded, though new limits on dividends and buybacks remain in place.

8 January 2026

Defense Industry·Drone Technology·NASDAQ:AVAV·Stock Market

Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

Viavi Solutions shares dropped 8% to $17.03 Thursday afternoon, with 3 million shares traded after hitting a session low of $16.98. The decline followed a broader tech selloff as investors digested new labor data and anticipated Friday’s U.S. jobs report. Keysight Technologies shares also fell about 3%. Earlier, Viavi announced integration of its RF Viewer tool with the OneAdvisor 800 platform in partnership with Verizon.

8 January 2026

NASDAQ:KEYS·NASDAQ:VIAV·NYSE:VZ·Stock Market

D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event

D-Wave Quantum shares dropped 3.8% to $29.05 after announcing a $550 million cash-and-stock deal to acquire Quantum Circuits. The agreement sets the stock portion between $22.30 and $39.03 per share, pending antitrust review. Investors await further updates at the Qubits 2026 conference on Jan. 27-28.

8 January 2026

NASDAQ:IONQ·NASDAQ:QBTS·Quantum Computing·Stock Market·Technology

Uber stock ticks higher as CES robotaxi rollout sharpens focus on Waymo and Tesla

Uber shares rose 1.9% to $87.85 Thursday after it, Lucid, and Nuro unveiled a production-intent robotaxi at CES and began on-road testing in December. Lucid climbed about 4%. Investors are watching how robotaxis could affect Uber’s fee per trip and awaiting the company’s next earnings report.

8 January 2026

Autonomous Vehicles·NASDAQ:GOOGL·NASDAQ:LCID·NASDAQ:NVDA·NASDAQ:TSLA·NASDAQ:UBER·Stock Market

Western Digital stock slides again after CES-fueled spike — what investors watch next

Western Digital shares fell 7.6% to $184.75 Thursday, after swinging between $180.70 and $201.78. The drop followed a sharp rally earlier in the week after Nvidia’s CES remarks, then a reversal as AI-linked memory stocks lost ground. About 9.3 million shares traded. Investors are now watching for Western Digital’s next earnings, expected Feb. 4.

8 January 2026

NYSE:WDC·Stock Market

MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

MYR Group shares fell 7.6% to $218 Thursday afternoon, tracking a broad selloff in U.S. engineering and construction stocks as Treasury yields rose. The drop came ahead of Friday’s U.S. payrolls report, with no new company-specific news. Initial jobless claims rose to 208,000 last week, while productivity grew at a 4.9% annualized pace in Q3.

8 January 2026

NASDAQ:MYRG·Stock Market

Qualcomm stock rises as Volkswagen lines up long-term Snapdragon infotainment deal

Qualcomm shares climbed 1.3% to $182.54 Thursday after Volkswagen named the company its primary tech provider for a new software-defined vehicle platform, with supplies set for 2027. The gain came as chip ETFs fell. Qualcomm is also reportedly in talks with Samsung over two-nanometre chip manufacturing, according to Reuters.

8 January 2026

NASDAQ:QCOM·Stock Market

Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

Goldman Sachs shares fell 0.7% after announcing it will transfer the Apple Card program to JPMorgan Chase. Goldman expects a $0.46 per-share boost to Q4 2025 earnings from a $2.48 billion loan-loss reserve release, offset by $2.26 billion in related costs. JPMorgan will take on over $20 billion in Apple Card balances and expects a $2.2 billion credit loss provision. The handover is set to take about two years.

8 January 2026

Earnings Reports·NASDAQ:AAPL·NYSE:GS·NYSE:JPM·Stock Market

MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

MasTec shares dropped 8.9% to $214.86 Thursday afternoon, falling $20.89 on the day after opening near $236. The decline came as Quanta Services, Dycom Industries, and EMCOR Group also fell, despite little change in broader indexes. The drop followed a bullish price target raise from KeyBanc. MasTec recently reported record Q3 revenue and a backlog of $16.8 billion as of September 30, 2025.

8 January 2026

NYSE:MTZ·Stock Market

Carpenter Technology stock slides as investors size up Jan. 29 earnings catalyst

Carpenter Technology shares dropped 8% to $312.33 Thursday after hitting a new intraday high, reversing early gains. The move comes ahead of its Jan. 29 earnings report, with the company previously forecasting strong operating income. The decline outpaced specialty-metals peers ATI, Materion, and Metallus. Trading was volatile as Treasury yields rose and defense shares rallied on calls for a larger military budget.

8 January 2026

Earnings Reports·NYSE:CRS·Stock Market

Legence (LGN) stock drops nearly 9% today as contractors slide ahead of U.S. payrolls

Legence shares dropped 9% to $43.99 Thursday, reversing early gains and falling below last month’s secondary offering price. The move followed the company’s $325 million acquisition of The Bowers Group, funded partly by a new $200 million term loan. Other contractor stocks also declined. Traders watched for Friday’s U.S. payrolls report and further filings from Legence.

8 January 2026

NASDAQ:LGN·NYSE:BX·NYSE:EME·NYSE:FIX·NYSE:PWR·Stock Market

Arcus Biosciences (NYSE:RCUS) stock slides on Morgan Stanley downgrade as casdatifan 2026 timeline sharpens

Arcus Biosciences shares dropped 9.3% to $21.05 Thursday after Morgan Stanley downgraded the stock and cut its price target to $20. The company highlighted a February data update and a Jan. 14 J.P. Morgan conference slot. BlackRock disclosed a 10.4% stake as of Dec. 31. President Juan C. Jaen reported selling 31,823 shares on Jan. 5 under a pre-set trading plan.

8 January 2026

NYSE:RCUS·Pharmaceutical Industry·Stock Market

Dell (DELL) stock slips after CES “AI PC” reality check; here’s what traders watch next

Dell Technologies shares fell 1.3% to $118.46 Thursday afternoon after dropping as much as 4.4% earlier. Executives at CES played down consumer demand for “AI PCs,” focusing instead on new XPS and Alienware products. Rival HP Inc. rose 3.2%. Investors are watching for Dell’s Feb. 26 earnings and Friday’s U.S. jobs report.

8 January 2026

NYSE:DELL·Stock Market

ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight

ICON shares fell 7.9% to $186.83 Thursday after Truist downgraded the stock to “hold” and cut its target price to $222. The drop outpaced declines in CRO peers. A new SEC filing confirmed ICON will issue 2026 guidance with its next earnings. Truist cited margin pressure and uncertainty over cancellations as reasons for the downgrade.

8 January 2026

NASDAQ:ICLR·Stock Market

Coherent (COHR) stock slides nearly 10% as investors turn picky on AI-linked optics

Coherent Corp shares fell 9.6% to $173.31 Thursday afternoon, reversing earlier gains as selling hit AI-linked hardware stocks. The stock traded between $192.50 and $173.29 on above-average volume. Ciena, Lumentum, and Vertiv also dropped sharply. Investors appeared to cut exposure to networking and data-center infrastructure names amid shifting sentiment.

8 January 2026

NASDAQ:COHR·Stock Market

Eaton stock slips after Barclays cuts target as rate bets stay in play

Eaton shares fell 0.8% to $320.14 Thursday after Barclays cut its price target to $350. The stock is down 19% from its July high and dropped 3.1% Wednesday. Investors are watching U.S. interest rate signals and data-center spending, with the Fed seen likely to cut rates later this year. Eaton highlighted supply-chain resilience after being named a top supplier by Resilinc.

8 January 2026

NYSE:ETN·Stock Market

GE Aerospace stock slides 4% after early pop as Boeing MAX 10, earnings loom

GE Aerospace shares fell 4% to $310.67 Thursday, erasing early gains after reaching $330.06. The drop comes ahead of the company’s Jan. 22 earnings report and as investors watch for updates on engine deliveries and parts supply. Alaska Airlines ordered 110 Boeing jets, but certification delays for the 737 MAX 10 could shift some orders. Broader markets saw tech stocks fall while defense shares rose after Trump called for a bigger military budget.

8 January 2026

Aerospace Industry·Earnings Reports·NYSE:GE·Stock Market

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Industrial stocks surge, pushing XLI near a 52-week high after Dow cracks 50,000

7 February 2026

The Dow Jones Industrial Average closed above 50,000 for the first time Friday, led by a 7.1% jump in Caterpillar shares. The Industrial Select Sector SPDR Fund (XLI) surged 2.9% to a record $173.18. Traders await delayed U.S. jobs and inflation data next week for signals on interest rates.

Healthcare stocks in focus: Molina shock, FDA “copycat” warning and XLV set up Monday’s trade

7 February 2026

Molina Healthcare plunged 25.5% after forecasting 2026 profit far below estimates and announcing a 2027 exit from Medicare Part D. Centene guided profit above expectations but dropped 3.7%, while Cigna rose 2.6% on a strong quarter but flagged a softer 2026 outlook. XLV gained 1.8%. Hims fell 10% after the FDA warned against mass-marketing compounded obesity drugs.

Energy stocks set for a geopolitical week after Iran warning and oil rebound

7 February 2026

U.S. energy stocks rose Friday, with the S&P 500 energy sector up 1.88% and Exxon Mobil gaining 2.03%. Brent crude settled at $68.05 a barrel after Iran threatened U.S. bases if attacked. Saudi Aramco cut March Arab Light crude prices to a five-year low for Asia. Kazakhstan’s CPC Blend exports may drop 35% this month due to Tengiz oilfield disruptions.

Financial services stocks rally as XLF jumps, Dow hits 50,000 — what to watch next week

7 February 2026

U.S. financial stocks rose Friday, with the XLF fund up 1.8% and the Dow closing above 50,000 for the first time, gaining 2.47%. Goldman Sachs jumped 4.3%, JPMorgan 3.9%, and Citigroup 6.0%. The Federal Reserve held rates steady, and San Francisco Fed President Mary Daly signaled possible cuts this year. Investors await January jobs and inflation data next week.

Stock Market News 8 January 2026

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