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Stock Market News 17 January 2026

GE Vernova stock jumps 6% on White House push for emergency PJM power auction

GE Vernova stock jumps 6% on White House push for emergency PJM power auction

GE Vernova shares surged 6.1% to $681.55 Friday after U.S. officials urged faster power expansion for data centers, prompting a White House call for PJM Interconnection to hold an emergency auction. Constellation Energy fell 9.8% and Vistra dropped 7.5% on concerns over price caps and new supply. PJM will discuss new power user rules Jan. 22. Markets reopen Tuesday after the holiday.
17 January 2026
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Yes Bank Q3 profit jumps 55% — provisions slide and CEO flags roadmap, succession

Yes Bank Q3 profit jumps 55% — provisions slide and CEO flags roadmap, succession

Yes Bank reported a Q3 FY26 standalone net profit of 951.6 crore rupees, up from 612 crore a year earlier, as provisions fell to 22 crore. Net interest income rose 10.9% to 2,466 crore, while the gross bad-loan ratio narrowed to 1.5%. CEO Prashant Kumar said a strategic roadmap will be unveiled this quarter and succession planning is underway. Loans grew 5.2% year-on-year to 2.57 trillion rupees.
17 January 2026
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Adobe stock price ends week at $296: what ADBE traders watch after the long market break

Adobe stock price ends week at $296: what ADBE traders watch after the long market break

Adobe shares fell 2.6% to $296.12 Friday, marking a sixth straight decline as volume nearly doubled its 50-day average. The stock has dropped about 36% from its 52-week high. Chief Marketing Officer Lara Balazs sold 1,976 shares to cover taxes after restricted stock units vested, according to an SEC filing. U.S. markets will be closed Monday for Martin Luther King Jr. Day.
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

Intuitive Machines shares jumped 10.7% Friday to close at $21.58 after news of its $800 million Lanteris acquisition and a bullish Morgan Stanley sector call. Trading volume hit 19.6 million shares. U.S. markets will close Monday for Martin Luther King Jr. Day, with trading set to resume Tuesday. Morgan Stanley also upgraded Rocket Lab and MDA, while downgrading Iridium.
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

ZIM Integrated Shipping shares fell 5.9% to $21.36 Friday as container freight rates dropped, with Drewry’s World Container Index down 4% to $2,445 per 40-foot box. Maersk and CMA CGM began shifting services back to the Suez Canal, but Germany’s VDA warned of insurance and safety concerns. ZIM’s board is reviewing takeover bids after rejecting a management offer. U.S. markets close Monday for Martin Luther King Jr. Day.
17 January 2026
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Stock Market Today

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

7 February 2026
Stellantis shares plunged 23.7% to $7.28 Friday after the company disclosed about €22.2 billion in charges tied to a reset of its electric-vehicle strategy and said it will skip its 2026 dividend. The automaker flagged a preliminary net loss of €19–21 billion for the second half of 2025. Shares rose 1.6% in late after-hours trading. Investors await Feb. 26 results and a May 21 Investor Day.
Intel stock jumps on China server CPU delays as traders map the week ahead

Intel stock jumps on China server CPU delays as traders map the week ahead

7 February 2026
Intel shares rose 4.87% to $50.59 Friday, trailing gains by Nvidia and Broadcom as chip stocks rallied. Sources said Intel and AMD warned Chinese customers of longer waits and higher prices for some server CPUs, with Intel lead times reaching six months. Intel said China accounts for over 20% of its revenue. Investors await key U.S. jobs and inflation data next week.
IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

7 February 2026
IRS staffing has dropped to 2021 levels as the 2026 tax filing season begins, according to a Treasury watchdog. The agency faces a backlog of about 2 million returns, 129% above pre-pandemic levels. Most e-filers using direct deposit still get refunds within 21 days, but paper filings and amended returns could see delays. The IRS lowered its call-answer target to 70% for this season.
Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

7 February 2026
Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.
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