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Stock Market News 5 February 2026

AbbVie stock slides after earnings: Rinvoq miss dents ABBV despite upbeat 2026 view

AbbVie stock slides after earnings: Rinvoq miss dents ABBV despite upbeat 2026 view

AbbVie shares fell 3.9% in after-hours trading Wednesday after quarterly results showed Rinvoq sales missed expectations at $2.37 billion. Skyrizi sales beat forecasts at $5.01 billion, while Humira revenue dropped 25.9% to $1.25 billion. The company projected 2026 adjusted earnings above estimates, but investors focused on challenges replacing Humira as biosimilar competition grows.
Goldman Sachs stock slides 3% as Epstein-linked scrutiny, bond sale and jobs data loom

Goldman Sachs stock slides 3% as Epstein-linked scrutiny, bond sale and jobs data loom

Goldman Sachs shares fell 2.7% to about $913 in after-hours trading Wednesday after Reuters linked its general counsel to Jeffrey Epstein in newly released documents. Trading volume surged above 3.6 million shares. Investors await the delayed U.S. January jobs report, now set for Feb. 11. Goldman disclosed a $2.5 billion subordinated debt issuance maturing in 2041.
IREN stock plunges 17% as bitcoin slides again, setting up a tense earnings read

IREN stock plunges 17% as bitcoin slides again, setting up a tense earnings read

IREN shares fell 17.4% to $44.94 in heavy after-hours trading Wednesday, tracking a 3.3% drop in bitcoin. Volume reached 66.2 million shares. A Jane Street filing disclosed a 4.7% stake in IREN days ahead of its earnings report, due after the bell Thursday. Other U.S.-listed bitcoin miners also declined.
Caterpillar stock slips from highs as insider sales and split analyst calls hit CAT shares

Caterpillar stock slips from highs as insider sales and split analyst calls hit CAT shares

Caterpillar shares fell 1.6% to $691.82 Wednesday before rising 0.4% after hours. SEC filings showed group presidents Anthony Fassino and Denise Johnson exercised options and sold shares on Feb. 2. Analysts split on outlook, with Truist raising its price target to $786 and Morgan Stanley holding an underweight rating. Trading volume hit 4.8 million as shares swung between $675 and $723.11.
Intuit stock price rebounds nearly 3% after AI fears hit software — what’s next for INTU

Intuit stock price rebounds nearly 3% after AI fears hit software — what’s next for INTU

Intuit shares rose 2.7% to $445.64 Wednesday, recovering some losses after an 11% drop Tuesday amid AI-driven fears that hit software stocks. Volume nearly tripled to 7 million shares. The S&P 500 software and services index continued to fall, with the sector losing about $830 billion in value since Jan. 28. Investors await Intuit’s Q2 results on Feb. 26.
UnitedHealth stock falls again after FTC insulin deal puts OptumRx back in focus

UnitedHealth stock falls again after FTC insulin deal puts OptumRx back in focus

UnitedHealth shares fell nearly 3% to $275.92 in after-hours trading Wednesday after the FTC announced a 10-year insulin pricing settlement with Cigna’s Express Scripts, increasing scrutiny on OptumRx and CVS Caremark. Investors are watching for an FTC oral argument Feb. 5 and a House hearing on drug prices Feb. 11. CVS and Cigna shares also declined. UnitedHealth did not comment.
Lam Research stock (LRCX) sinks after-hours as chip selloff deepens; COO change in focus

Lam Research stock (LRCX) sinks after-hours as chip selloff deepens; COO change in focus

Lam Research shares fell 8.8% to $209.78 in after-hours trading Wednesday, deepening a rout in chip stocks as the PHLX semiconductor index dropped 4.4%. The company confirmed COO Pat Lord will retire in March, with Sesha Varadarajan named as successor. Lam also added Cadence CEO Anirudh Devgan to its board. U.S.-China chip tensions and a weak AMD forecast weighed on the sector.
Netflix stock (NFLX) holds near $80 after-hours as Warner deal hits fresh political heat

Netflix stock (NFLX) holds near $80 after-hours as Warner deal hits fresh political heat

Netflix closed up 0.3% at $80.16 Wednesday and traded flat after hours as a Senate hearing intensified antitrust scrutiny over its $82.7 billion Warner Bros. Discovery bid. A filing showed co-founder Reed Hastings sold 390,970 shares on Feb. 2 under a pre-set plan. German voice actors launched a boycott over AI contract terms. The Nasdaq fell 1.5% on the day.
Exxon Mobil stock jumps after hours as oil spikes; Guyana FPSO deal and analyst calls in focus

Exxon Mobil stock jumps after hours as oil spikes; Guyana FPSO deal and analyst calls in focus

Exxon Mobil shares jumped 2.7% to $147.59 in after-hours trading Wednesday as oil prices surged about 3% on doubts over U.S.-Iran talks. Exxon affiliate ExxonMobil Guyana Ltd bought the FPSO ONE GUYANA vessel from SBM Offshore for $2.32 billion. UBS raised its price target to $171, while BNP Paribas downgraded the stock to underperform. Exxon Vice President Darrin L. Talley sold 5,000 shares on Feb. 2.
Applied Materials stock hammered after-hours as chip selloff deepens — what to watch next

Applied Materials stock hammered after-hours as chip selloff deepens — what to watch next

Applied Materials shares fell 6.6% to $297.60 in after-hours trading Wednesday as chip equipment stocks slid and investors braced for next week’s earnings report. The PHLX semiconductor index dropped 4.4%, while Lam Research fell 8.8% and KLA lost 3.6%. The Nasdaq closed down 1.51%. Traders are watching Applied’s Feb. 12 results for signals on chip demand and sector stability.
Western Digital stock sinks after buyback bump as traders reassess WDC’s AI storage run

Western Digital stock sinks after buyback bump as traders reassess WDC’s AI storage run

Western Digital shares fell 7.2% to $269.41 in after-hours trading Wednesday, erasing gains from a buyback-fueled rally. The drop followed the company’s announcement of a $4 billion share repurchase and a new hard-drive roadmap aimed at hyperscale AI data centers. Seagate also declined, while NetApp rose. Investors remain focused on buyback execution and competition in storage hardware.
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Stock Market Today

Corning stock price hits record close — what’s driving GLW and the next big test

Corning stock price hits record close — what’s driving GLW and the next big test

7 February 2026
Corning shares jumped 8.3% to a record $122.16 Friday, gaining 11% over two sessions amid strong demand for AI infrastructure stocks. The move follows a $6 billion optical fiber deal with Meta and upgraded company forecasts. Shares traded as high as $122.56 and rose 0.6% after hours. COO Avery Nelson sold 1,894 shares for tax withholding, retaining 66,050.
PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

7 February 2026
PepsiCo priced €2.5 billion in euro notes across four maturities, with settlement set for Feb. 11, according to an SEC filing. The company plans to use proceeds for general corporate purposes, including repaying commercial paper. Shares closed at $170.49 Friday, up 1.8%. PepsiCo is also cutting U.S. snack prices by up to 15% after consumer pushback.
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