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Stock Market News 10 January 2026

Philip Morris stock rises as UBS flags 2026 growth risks — what PM investors watch next

Philip Morris stock rises as UBS flags 2026 growth risks — what PM investors watch next

New York, January 10, 2026, 14:52 EST — Market closed. Philip Morris International shares climbed for a second day on Friday, closing up 2.39% at $162.61. Volume hit roughly 4.4 million shares, falling short of the stock’s 50-day average. The S&P 500 and Dow also finished higher. (MarketWatch) Why it matters now: PM has shifted into a smoke-free growth play in an industry usually defined by cash flow and regulation. Any sign of weakening demand or pricing power tends to hit the stock quickly. UBS analyst Faham Baig stuck with a Neutral rating and kept his $158 price target on
10 January 2026
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Merck stock: $32 billion Revolution Medicines talks and vaccine-policy shift set up a busy week for MRK

Merck stock: $32 billion Revolution Medicines talks and vaccine-policy shift set up a busy week for MRK

New York, Jan 10, 2026, 14:37 EST — Market closed Merck & Co (MRK) closed Friday 0.4% lower at $110.53 following reports that the pharmaceutical giant is negotiating to acquire cancer drug developer Revolution Medicines in a deal valued between $28 billion and $32 billion. (Reuters) Timing is crucial. As Merck faces patent losses on its blockbuster cancer drug Keytruda later this decade, it’s searching for new growth drivers. A deal of this magnitude would sharply indicate just how aggressive the company intends to get. The week also arrives with investors gearing up for policy turbulence tied to vaccines and
10 January 2026
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Lam Research stock pops on Mizuho target raise as Wall Street eyes Jan. 28 earnings call

Lam Research stock pops on Mizuho target raise as Wall Street eyes Jan. 28 earnings call

NEW YORK, Jan 10, 2026, 14:59 ET — Market closed. Lam Research Corp’s stock jumped 8.7% in the final U.S. session, closing at $218.36. The surge came after Mizuho raised its price target on the chipmaking equipment firm from $200 to $220. The PHLX semiconductor index, a key barometer for chip stocks, climbed 2.7% to reach a new record high. (Reuters) The timing is key as investors return to rate-sensitive growth stocks following a mixed U.S. jobs report that left bets on Fed cuts this year intact. “Payrolls were a little bit light relative to consensus, but still fairly strong
10 January 2026
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Novo Nordisk Class B stock rises after Amazon adds Wegovy pill — what to watch before earnings

Novo Nordisk Class B stock rises after Amazon adds Wegovy pill — what to watch before earnings

Copenhagen, Jan 10, 2026, 20:43 CET — The market has closed. Novo Nordisk A/S Class B shares (NOVOb.CO) rose 3% on Friday after Amazon Pharmacy announced it had started selling the company’s Wegovy weight-loss pill, expanding availability for U.S. patients just days following the drug’s market debut. The Copenhagen-traded stock closed at 381.45 Danish crowns. (Reuters) The launch of Amazon’s new channel is crucial, as those initial weeks often shape prescription growth and pricing control. Investors have swiftly knocked stocks at the first hint of weakening demand or discounts extending past just starter doses. It also places a busy storefront
10 January 2026
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Novartis AG stock stays near a 52-week high after Florida radioligand plant plan

Novartis AG stock stays near a 52-week high after Florida radioligand plant plan

Zurich, Jan 10, 2026, 20:36 CET — Market closed Novartis AG (NOVN.S) is set to open a radioligand therapy manufacturing plant in Winter Park, Florida, part of its broader $23 billion U.S. production expansion. Shares of the Swiss drugmaker ended Friday up 0.25% at 114.04 Swiss francs, just shy of their 52-week peak of 114.64. CEO Vas Narasimhan described the facility as “an important step,” while Florida’s commerce chief J. Alex Kelly welcomed the move as an opportunity to bring in “world class innovators.” Radioligand therapy, known as RLT, combines a tumour-targeting molecule with a therapeutic radioisotope, directing radiation straight
10 January 2026
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AmEx (AXP) stock in focus after Trump calls for 10% cap on credit-card rates

AmEx (AXP) stock in focus after Trump calls for 10% cap on credit-card rates

New York, Jan 10, 2026, 14:40 EST — Market closed American Express shares enter Monday’s trading under pressure following President Donald Trump’s call to cap credit card interest rates at 10% for one year, starting Jan. 20. (Barron’s) This move hits at the heart of how the industry prices risk on revolving balances, usually expressed as an annual percentage rate, or APR. Brian Jacobsen, chief economic strategist at Annex Wealth Management, explained in an email that when firms can’t accurately price risk, they tend to slash credit lines or cut off credit altogether. He pointed out that credit cards are
10 January 2026
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China Construction Bank Class A stock dips — inflation and Vanke debt talk keep lenders on edge

China Construction Bank Class A stock dips — inflation and Vanke debt talk keep lenders on edge

SHANGHAI, Jan 11, 2026, 03:47 (GMT+8) — Market closed China Construction Bank Corporation’s Class A shares on the Shanghai exchange (601939.SS) fell 0.33% to 9.06 yuan Friday, narrowing the weekly drop to roughly 2%. Trading volume hit around 92.6 million shares, according to market data. (MarketScreener) That modest shift carries weight. Mainland bank shares find themselves caught between opposing pressures: policymakers pushing credit to boost growth, and the hit to earnings from lower interest rates. Banks thrive or falter based on their spread. While rate cuts can boost borrowing, they also narrow the net interest margin — the difference between
10 January 2026
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Hermes stock jumps above €2,200 — analyst trims target, annual results loom

Hermes stock jumps above €2,200 — analyst trims target, annual results loom

Paris, Jan 10, 2026, 20:37 CET — Market closed Hermes International shares gained 3.7%, closing at 2,217 euros on Friday. The rally pushed the stock back above the 2,200-euro threshold during late trading in Paris. (MarketWatch) That’s significant since Hermes occupies the pricey top tier of Europe’s luxury sector. The stock reacts to even minor tweaks in growth expectations, not only major shocks. No new product launch or earnings update arrived this week. Instead, the spotlight was on a broker-led valuation reset and a standard disclosure about the company’s own-share trading practices. Hermes reported on Thursday that its liquidity contract
10 January 2026
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Toyota stock pops after electric Hilux reveal; yen and tariff risk back in focus

Toyota stock pops after electric Hilux reveal; yen and tariff risk back in focus

New York, Jan 10, 2026, 14:34 EST — Market closed Toyota Motor Corp’s U.S.-listed shares (TM) ended Friday up 3.2%, closing at $221.52. After hours, the ADR dipped 1.1% to $219.10. This change is notable because Toyota shares have begun acting like a stand-in for currency bets again. A weaker yen lifts overseas profits through translation into yen—long before it affects sales on dealer lots. Investors are demanding clearer timelines for battery-electric vehicle launches, but they don’t want Toyota to give up the solid margins it has built with hybrids. Pickups play a role in this strategy, even in places
10 January 2026
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IBM stock in focus: new edge-AI rollout, CPI next week and Jan. 28 earnings ahead

IBM stock in focus: new edge-AI rollout, CPI next week and Jan. 28 earnings ahead

New York, Jan 10, 2026, 14:19 EST — Market closed. International Business Machines Corp shares closed Friday up 0.5% at $304.22, after trading between $301.14 and $306.90. U.S. markets are shut for the weekend and reopen on Monday. IBM heads into its Jan. 28 quarterly report with investors pressing for clean proof that AI work is turning into steady software revenue and cash. The company has flagged Jan. 28 as the preliminary date for its fourth-quarter earnings announcement. (IBM) The macro backdrop has turned jumpy again, and that bleeds into tech spending and valuations. A weaker U.S. jobs report on
10 January 2026
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Goldman Sachs stock near $939 as GS heads into Jan. 15 earnings and CPI week

Goldman Sachs stock near $939 as GS heads into Jan. 15 earnings and CPI week

New York, Jan 10, 2026, 14:31 EST — The market has closed. Goldman Sachs shares ended Friday 0.4% higher at $938.98, recovering from a volatile start to the year and staying close to their early-January peaks. So far in January, GS has swung between about $932 and an intraday high of $961.69, carving out a narrow range that traders are likely to watch closely on Monday. (StockAnalysis) The timing is crucial. Bank earnings begin to surface, inflation figures come out, and traders wrestle with whether the financials rally hinges on interest rates or revenue growth. Wall Street has been riding
10 January 2026
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Caterpillar stock gains after CES AI assistant push; CPI and earnings are next test

Caterpillar stock gains after CES AI assistant push; CPI and earnings are next test

New York, Jan 10, 2026, 2:14 PM EST — Market closed Caterpillar Inc shares ended Friday higher after the heavy equipment maker pitched a new AI assistant and a broader automation push at CES in Las Vegas. The stock closed at $617.62, up 1.6%, with about 1.8 million shares traded. The timing matters because CES, which ran through Friday, has become a noisy showcase for companies trying to convince investors they can sell software and services alongside hardware. For Caterpillar, the message is less about shiny demos and more about cutting downtime and tightening fleet management, two items customers pay
10 January 2026
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Stock Market Today

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

7 February 2026
Amazon shares fell Friday after the company announced a $200 billion AI infrastructure plan for 2026, exceeding analyst expectations and reviving investor concerns about profitability. Combined 2026 capex flagged by Amazon, Alphabet, Microsoft, and Meta now tops $630 billion. Nvidia, AMD, and Broadcom shares surged on the news, while software and data firms remained under pressure.
Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

7 February 2026
Nvidia surged 7.8% Friday, leading a chip stock rally that pushed the Dow above 50,000 for the first time. The PHLX semiconductor index gained 5.7% as Advanced Micro Devices rose 8.3% and Broadcom 7.1%. Amazon fell 5.6% after projecting $200 billion in 2026 capital spending. Investors weighed a $600 billion AI infrastructure outlay against sharp losses in software shares.
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