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Stock Market News 17 January 2026

DraftKings stock sinks 8% on New York betting revenue slump as prediction markets steal the spotlight

DraftKings stock sinks 8% on New York betting revenue slump as prediction markets steal the spotlight

NEW YORK, Jan 17, 2026, 05:18 EST — Market closed. DraftKings Inc shares ended Friday roughly 8% lower, closing at $32.62. It capped a turbulent week for online betting stocks as the NFL playoffs approach and investors brace for a long weekend. New York, a major U.S. mobile sports wagering hub, saw weekly “gross gaming revenue” drop to $37.3 million for the week ending Jan. 11, down from $62.0 million the previous year. Meanwhile, “handle” — the total wagers placed — edged down about 2% to $549.6 million. The state levies a 51% tax on mobile sports wagering GGR, with
17 January 2026
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Intuitive Machines stock surges 11% after Morgan Stanley turns upbeat on space — what to watch next week

Intuitive Machines stock surges 11% after Morgan Stanley turns upbeat on space — what to watch next week

New York, Jan 17, 2026, 05:24 EST — The market has closed. Intuitive Machines shares surged 10.7% on Friday, finishing at $21.58. The stock traded in a range from $19.37 up to $22.395 during the session, with roughly 19.6 million shares changing hands. This matters because the stock now acts as a proxy for near-term contract catalysts and overall risk appetite in space tech—a sector known to jump on just one headline. Morgan Stanley boosted the sector’s momentum on Friday, calling the space technology field “Attractive” for 2026. Analyst Kristine Liwag highlighted 2025 as a “banner year” and expects 2026
17 January 2026
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ZIM stock slides nearly 6% as freight rates cool and Suez route talk returns

ZIM stock slides nearly 6% as freight rates cool and Suez route talk returns

New York, Jan 17, 2026, 05:13 (EST) — Market closed ZIM Integrated Shipping Services (ZIM) shares dropped 5.9% on Friday, closing at $21.36. Investors appeared cautious ahead of the extended U.S. market holiday, amid new signs that container shipping’s pricing strength could be waning. This matters because ZIM and other container liners often trade based on short-term shifts in spot freight rates, which can fluctuate rapidly with changes in vessel capacity and routing. A wider return to the Suez Canal route would cut voyage times, effectively boosting supply at a time when demand remains uneven. Drewry’s World Container Index (WCI),
17 January 2026
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Atlassian stock price slides 8% on Citi target cut and insider sales as earnings loom

Atlassian stock price slides 8% on Citi target cut and insider sales as earnings loom

New York, Jan 17, 2026, 05:19 (EST) — The market has closed. Atlassian Corp (TEAM.O) shares fell 7.7% Friday, closing at $118.55 after trading between $129.46 and $118.08 during the session. The stock finished $9.90 below Thursday’s closing price. (Yahoo Finance) The decline is significant as it comes just before a crucial period for U.S. software stocks, when analysts and investors often adjust valuations ahead of earnings reports and guidance updates. Atlassian’s week has been marked by a blend of price-target cuts, shifts on the board, and insider trading disclosures, all fueling closer examination despite steady fundamentals. Next week will
17 January 2026
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JetBlue stock jumps 8% into long weekend as traders brace for JBLU earnings

JetBlue stock jumps 8% into long weekend as traders brace for JBLU earnings

New York, Jan 17, 2026, 05:00 EST — The market has closed. JetBlue Airways Corp shares jumped 8.03% on Friday, closing at $5.38 following a 2.89% rise the previous day. Volume surged past recent levels while the broader market dipped and airline stocks showed mixed results. (MarketWatch) That late-week surge takes on extra weight since U.S. markets will be closed Monday for Martin Luther King Jr. Day. Trading resumes Tuesday, meaning investors will have to hold Friday’s gains — and digest any weekend news — before the next session kicks off. (Investopedia) Fuel remains the key variable for airlines. Oil
17 January 2026
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Venus Concept (VERO) stock jumps 459% on Madryn’s 91% stake filing — what to know next week

Venus Concept (VERO) stock jumps 459% on Madryn’s 91% stake filing — what to know next week

NEW YORK, Jan 17, 2026, 04:58 EST — The market is now closed. Venus Concept Inc shares ended Friday at $8.00, surging 459.44% from the previous session. The stock fluctuated between $5.68 and $12.93 during the day. Trading volume hit roughly 307.6 million shares, a notable jump from recent levels for the Nasdaq-listed microcap. (FinancialContent) Madryn Asset Management’s latest Schedule 13D/A filing revealed it holds 18,763,125 shares, representing 91.0% of Venus Concept’s common stock. The firm informed the company’s board it expects a focus on slashing operating costs, including considering the “potential delisting and deregistration” of its shares, according to
17 January 2026
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Constellation Energy stock tumbles nearly 10% as PJM power-price curbs enter the frame

Constellation Energy stock tumbles nearly 10% as PJM power-price curbs enter the frame

New York, Jan 17, 2026, 04:58 EST — Market closed. Constellation Energy shares tumbled 9.8% to close at $307.71 on Friday, marking their steepest single-day decline in months. The selloff hit U.S. power producers tied to PJM following a late-week policy move targeting electricity price controls. Vistra dropped 7.4%, while NRG Energy slipped 4.1%. The move comes at a tricky time for a trade behind much of the sector’s rally: betting on data centers tightening supply and pushing up wholesale prices for years. Now, a sudden pivot to caps and special procurement auctions pushes investors to weigh political risk alongside
17 January 2026
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AppLovin stock price drops 6% into long weekend as Feb. 11 earnings near

AppLovin stock price drops 6% into long weekend as Feb. 11 earnings near

NEW YORK, Jan 17, 2026, 05:05 ET — Market closed. AppLovin Corporation (NASDAQ:APP) shares dropped 6.3% Friday, closing at $568.76. The stock swung between a high of $615.98 and a low of $560.05 during the session. Roughly 8.6 million shares traded hands. The dip is significant ahead of the holiday-shortened week for U.S. markets, as traders weigh risk appetite amid an active earnings season. “To finish the week around flat… most investors will take that as a win,” said Ameriprise Financial’s Anthony Saglimbene in a Reuters interview. (reuters.com) AppLovin’s recent pullback comes alongside fresh bullish coverage from the sell side.
17 January 2026
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Super Micro Computer stock jumps 11% as TSMC’s AI outlook lifts the mood — what SMCI traders watch next

Super Micro Computer stock jumps 11% as TSMC’s AI outlook lifts the mood — what SMCI traders watch next

New York, Jan 17, 2026, 04:56 EST — Markets have closed. Super Micro Computer (SMCI) surged roughly 11% in Friday’s U.S. session, closing near $32.64 after fluctuating between $29.62 and $32.97. Trading volume hit about 79 million shares. The AI server maker gained momentum after Taiwan Semiconductor Manufacturing Co’s positive forecast boosted the semiconductor sector and calmed worries over high tech valuations. “That’s been kind of squashed … with the news from Taiwan Semiconductor,” said Alan Lancz, president of Alan B. Lancz & Associates. (Reuters) The broader market barely budged Friday, with U.S. stocks closing nearly flat ahead of the
17 January 2026
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Riot Platforms stock jumps on $1 billion AMD data-center lease as investors eye next milestones

Riot Platforms stock jumps on $1 billion AMD data-center lease as investors eye next milestones

New York, Jan 17, 2026, 04:57 EST — The market has closed. Riot Platforms shares jumped Friday following the bitcoin miner’s announcement of its first data-center lease with Advanced Micro Devices, marking a move further into the AI infrastructure space. The stock climbed $2.66, roughly 16%, closing at $19.24 amid heavy trading. This move is significant as Riot aims to transform its energy-intensive mining operations into a more stable business model, selling capacity to major computing clients. Securing a long-term deal with a blue-chip tenant could shift the focus away from bitcoin’s daily volatility and toward the company’s buildout and
17 January 2026
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Legal & General stock slips — the UK data calendar that could move LGEN next week

Legal & General stock slips — the UK data calendar that could move LGEN next week

London, Jan 17, 2026, 09:30 (GMT) — Market closed. Legal & General Group Plc (LGEN.L) shares ended Friday at 265.8 pence, down 0.3 pence, or 0.11%, from the prior close. With the London market closed over the weekend, investors are left to digest broader economic cues ahead of Monday’s session. (Hargreaves Lansdown) The dip is slight, yet the setup feels familiar. Legal & General operates in a segment that often moves with interest rate shifts: it underwrites long-term retirement policies and manages substantial bond holdings, making gilt yields—yields on UK government bonds—crucial. UK data and shifting rate expectations fueled market
17 January 2026
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Marks & Spencer share price ends Friday higher — what traders watch next week

Marks & Spencer share price ends Friday higher — what traders watch next week

London, Jan 17, 2026, 09:28 GMT — Market closed. Marks & Spencer Group (MKS.L) shares closed up 0.9% on Friday at 366.8 pence, with London markets shut over the weekend. About 25 million shares changed hands, and the stock sits about 12% below its 52-week high of 417.8p. (lt.morningstar.com) The rise capped a week in which the shares gained about 4%, after a choppy start to January. Investors have treated M&S as a quick gauge of the British consumer: food has held up, while discretionary spend looks less dependable. (Investing.com) Next week brings two data points that can move rate
17 January 2026
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Stock Market Today

ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention

7 February 2026
ST Engineering shares fell 1.9% to S$9.71 Friday, outpacing the Singapore market’s 0.8% drop amid a tech-led selloff. The company signed a deal with Shield AI at the Singapore Airshow to integrate autonomy software into its unmanned platforms and unveiled a small drone capable of carrying explosives. About 6.9 million shares traded as investors await full-year results on Feb. 27.
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