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Stock Market News 8 January 2026

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

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

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

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

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

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

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

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.
EQT stock slides as U.S. natural gas prices fall after big storage draw

EQT stock slides as U.S. natural gas prices fall after big storage draw

EQT Corp shares fell 4.2% to $52.20 Thursday as U.S. natural gas futures dropped about 4% to $3.388 per mmBtu on mild weather forecasts. The U.S. EIA reported a storage draw of 119 billion cubic feet last week, leaving inventories 123 Bcf below last year but above the five-year average. Antero and Range Resources also declined. Traders are watching for colder weather and the next storage data on Jan. 15.
Seagate stock slides nearly 9% as AI-storage rally cools; traders refocus on Friday data

Seagate stock slides nearly 9% as AI-storage rally cools; traders refocus on Friday data

Seagate shares dropped 9.3% to $279.72 Wednesday after a surge in storage stocks earlier this week faded. Western Digital fell 8% and Sandisk lost 7%. The reversal followed a CES-driven rally and news that CEO William Mosley sold 20,000 shares on Jan. 2 under a pre-set plan. Traders watched for support near $280 as momentum cooled.
Hycroft Mining stock drops nearly 13% as HYMC gives back a chunk of its latest run

Hycroft Mining stock drops nearly 13% as HYMC gives back a chunk of its latest run

Hycroft Mining shares dropped 12.9% to $25.91 Thursday afternoon, after earlier reaching $29.70. The decline followed investor concerns over dilution risk from a $500 million shelf registration filed in late December. Hycroft has not mined since 2021 and is focused on exploration at its Nevada site. The company expects $41.3 million in warrant proceeds in January 2026 and holds about $175 million in cash.
Ciena stock tumbles 14% as AI-networking names retreat — what investors watch next

Ciena stock tumbles 14% as AI-networking names retreat — what investors watch next

Ciena shares fell 14% to $222.73 Thursday after an early spike to $260, with about 2.8 million shares traded by early afternoon. Lumentum dropped 11% and Coherent 9% as tech stocks slid ahead of Friday’s U.S. jobs report. CEO Gary Smith sold 83,552 shares on Jan. 5 at an average $229.44. Ciena will present at the Needham Growth Conference on Jan. 13.
Merck stock climbs on Wolfe upgrade as Cidara deal closes and Gardasil questions linger

Merck stock climbs on Wolfe upgrade as Cidara deal closes and Gardasil questions linger

Merck shares rose 1.5% to $110.20 after Wolfe Research upgraded the stock and set a $135 price target. Merck completed its $221.50-per-share tender offer for Cidara and flagged a $9 billion R&D charge for 2026. Investors watched fallout from a U.S. shift to a single-dose HPV vaccine recommendation ahead of Merck’s Feb. 3 results.
Lumentum (LITE) stock plunges 11% as AI-optics names slide despite Needham’s $470 target

Lumentum (LITE) stock plunges 11% as AI-optics names slide despite Needham’s $470 target

Lumentum shares fell 10.9% to $350.22 Thursday after hitting $399.88 earlier, with over 11 million shares traded by early afternoon. Needham raised its price target to $470, naming Lumentum a 2026 “top pick.” The drop followed a sharp rally and coincided with declines in Coherent and Ciena. Investors await Friday’s U.S. jobs report and Lumentum’s Feb. 3 earnings.
8 January 2026
Bitcoin price today steadies near $91,000 as Strategy stock climbs on MSCI index reprieve

Bitcoin price today steadies near $91,000 as Strategy stock climbs on MSCI index reprieve

Bitcoin rebounded to $91,152 after dipping below $90,000, while shares of Strategy rose 4.7% as MSCI paused plans to exclude crypto treasury firms from its indexes. Marathon Digital gained 3.8%, Coinbase edged up 0.6%, and Riot Platforms slipped 0.5%. U.S. spot bitcoin ETFs saw $486 million in net outflows Wednesday. Traders awaited Friday’s U.S. jobs report for direction.

Stock Market Today

AMD stock rebounds 8% after post-earnings slump as payrolls, CPI loom

AMD stock rebounds 8% after post-earnings slump as payrolls, CPI loom

7 February 2026
AMD shares jumped 8.2% to $208.44 Friday, rebounding after a 13% plunge earlier in the week on weak guidance and AI competition fears. The Philadelphia semiconductor index rose 5.7% as chip stocks led a broader market rally. Investors are awaiting next week’s U.S. payrolls and inflation data, which could shift rate expectations for tech.
Netflix stock price ends higher as DOJ widens review of Warner deal — what to watch next week

Netflix stock price ends higher as DOJ widens review of Warner deal — what to watch next week

7 February 2026
Netflix shares rose 1.6% to $82.20 Friday as the Justice Department expanded its antitrust review of the company’s planned $82.7 billion Warner Bros Discovery acquisition. A Wall Street Journal report said investigators are probing possible anti-competitive tactics. Director Reed Hastings reported a transfer of 241,944 shares via a family trust, according to an SEC filing.
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