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Stock Market 16 January 2026

Astera Labs stock jumps on RBC call as traders size up the next catalyst

Astera Labs stock jumps on RBC call as traders size up the next catalyst

Astera Labs shares rose 4.8% to $182.80 after RBC Capital Markets initiated coverage with an Outperform rating and a $225 target. RBC cited strong retimer demand and upcoming Scorpio switch launches as catalysts. The move comes ahead of Astera’s Feb. 10 earnings report and amid heightened scrutiny of AI chip stocks. Trading volume reached about 4.2 million shares Friday.
16 January 2026
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Why Freeport-McMoRan stock is slipping as copper cools — and what to watch next

Why Freeport-McMoRan stock is slipping as copper cools — and what to watch next

Freeport-McMoRan shares fell nearly 2% to $58.78 on Friday, with trading volume at 15.5 million, as copper miners retreated despite copper topping $13,000 a ton this week. Concerns over Chinese demand and anticipation of a U.S. tariff ruling in June weighed on the sector. Investors are watching Freeport’s quarterly update scheduled for Jan. 22. U.S. markets close Monday for Martin Luther King Jr. Day.
16 January 2026
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Circle stock whipsaws on Senate crypto bill pause — what CRCL investors are watching now

Circle stock whipsaws on Senate crypto bill pause — what CRCL investors are watching now

Circle shares rose 2.8% to $78.76 Friday, rebounding after a 9.7% drop, as Senate Banking delayed a key crypto market-structure bill session. Uncertainty over stablecoin “rewards” and the legislative schedule drove heavy trading. The stock moved between $75.60 and $80.00 on 8 million shares. The Senate Agriculture Committee plans to release bill text Jan. 21 and hold a markup Jan. 27.
16 January 2026
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D-Wave Quantum stock price rises after insider filings; QBTS traders eye Qubits 2026 next

D-Wave Quantum stock price rises after insider filings; QBTS traders eye Qubits 2026 next

D-Wave Quantum Inc shares rose 1.1% to $29.03 Friday after CEO Alan Baratz and CFO John Markovich disclosed tax-related “sell-to-cover” stock sales in SEC filings. The company’s $550 million Quantum Circuits acquisition remains pending antitrust approval. Trading volume reached about 34 million shares. Investors await D-Wave’s Qubits 2026 event set for Jan. 27–28.
16 January 2026
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PNC stock jumps to 4-year high after profit beat, bigger buybacks

PNC stock jumps to 4-year high after profit beat, bigger buybacks

PNC Financial shares jumped 3.9% to a four-year high after fourth-quarter earnings beat estimates and the bank forecast 14% net interest income growth for 2026. Quarterly revenue reached $6.071 billion, with net interest margin rising to 2.84%. PNC completed its FirstBank acquisition and announced up to $700 million in share buybacks. The KBW Nasdaq Bank Index slipped 0.2% as regional banks posted mixed results.
16 January 2026
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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.
16 January 2026
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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
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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
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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.
16 January 2026
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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.
16 January 2026
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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.
16 January 2026
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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.
16 January 2026
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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
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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.
16 January 2026
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Stock Market Today

  • Nifty50 Opens Above 23,200, BSE Sensex Gains Over 700 Points Amid Market Recovery
    March 20, 2026, 12:25 AM EDT. India's stock markets rebounded Friday after Thursday's steep selloff. Nifty50 opened above 23,200, up 227 points (0.99%), while the BSE Sensex climbed 738 points to 74,945.45. The sharp drop followed escalating tensions in West Asia, which fueled a global risk-off mood and pushed crude oil prices higher. Confidence was shaken but now recovers as Israeli officials signaled no further strikes on Iran's oil infrastructure, easing Brent crude prices to $106 from $118. Financial and auto stocks, hit hard earlier, are set for gains. Foreign investors continued net selling, offloading equities worth Rs 7,558 crore, yet domestic funds countered with buying support. Asian markets rose on easing oil prices and US market rebounds despite Wall Street's prior losses. Analysts caution ongoing volatility as geopolitical risks persist.
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