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Stock Market News 8 January 2026

Western Digital stock slides again after CES-fueled spike — what investors watch next

Western Digital stock slides again after CES-fueled spike — what investors watch next

New York, January 8, 2026, 15:04 EST — Regular session Western Digital Corp shares were down 7.6% at $184.75 in afternoon trading on Thursday, after swinging between $180.70 and $201.78 earlier in the session. About 9.3 million shares had changed hands. The drop fits a broader pullback in AI-linked memory and storage names that had sprinted higher at the start of the year, leaving the market quick to punish any wobble. In a Reuters report, B. Riley Wealth chief market strategist Art Hogan called AI “a ‘show me’ sector” as investors weigh who can turn big spending into returns, with
8 January 2026
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MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

New York, Jan 8, 2026, 15:03 EST — Regular session MYR Group Inc shares were down 7.6% at $218 on Thursday afternoon, putting the electrical contractor among the sharper decliners in U.S. infrastructure-linked stocks. The stock opened higher and then slid, hitting an intraday low of $215.30. The selling came as major U.S. indexes eased and Treasury yields firmed, with investors reluctant to add risk before Friday’s nonfarm payrolls report. That report is a key input for rate-cut bets because it can shift views on growth and inflation. Reuters Fresh labor-market data did little to calm nerves. Initial jobless claims
8 January 2026
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Qualcomm stock rises as Volkswagen lines up long-term Snapdragon infotainment deal

Qualcomm stock rises as Volkswagen lines up long-term Snapdragon infotainment deal

New York, Jan 8, 2026, 15:04 EST — Regular session QUALCOMM Incorporated shares rose 1.3% on Thursday after Volkswagen said it signed a letter of intent that could make the U.S. chip designer a core supplier for the carmaker’s next software platform. The stock was up at $182.54, after trading between $176.51 and $184.29, even as the Nasdaq-leaning QQQ fell 0.8% and the iShares Semiconductor ETF slid about 1.8%. The Volkswagen tie-up lands as Qualcomm tries to prove it can grow beyond smartphones, where demand still swings with handset launches and upgrade cycles. Auto “wins” can lock in business for
8 January 2026
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Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

New York, January 8, 2026, 14:57 EST — Regular session Goldman Sachs shares were down 0.7% on Thursday after The Goldman Sachs Group, Inc. said it struck an agreement to transition the Apple Card program and associated accounts to JPMorgan Chase’s Chase. Goldman said the move should lift its fourth-quarter 2025 earnings by about $0.46 a share, driven by a $2.48 billion release of loan-loss reserves — money set aside for expected credit losses — even as it takes a $2.26 billion hit to net revenue tied to markdowns and contract costs. Goldman Sachs The timing matters for traders because
8 January 2026
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MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

New York, January 8, 2026, 14:55 ET — Regular session MasTec, Inc. (MTZ) shares fell about 8.9% to $214.86 in afternoon trading on Thursday, after opening near $236 and sliding to an intraday low of $213.98. The stock was last down $20.89 on the day. The move underscores how quickly sentiment can flip in U.S. infrastructure contractors, where investors have been leaning into multi-year work tied to power grids, pipelines and network upgrades. When the trade gets crowded, small shifts in risk appetite can turn into a big tape move. MasTec’s drop came alongside a broader selloff in the group.
8 January 2026
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Carpenter Technology stock slides as investors size up Jan. 29 earnings catalyst

Carpenter Technology stock slides as investors size up Jan. 29 earnings catalyst

New York, Jan 8, 2026, 14:53 EST — Regular session Carpenter Technology (NYSE: CRS) shares fell about 8% on Thursday, giving back early gains after notching a fresh intraday peak. The specialty-alloy maker was down $27.95 at $312.33 in afternoon trade, after opening at $345 and swinging between $347.99 and $308.90. The stock move comes with a near-term catalyst on the calendar. Carpenter said it will release fiscal second-quarter results before the market opens on Jan. 29 and host a conference call at 10 a.m. ET that day. GlobeNewswire That date matters because Carpenter’s last update set a tough yardstick
8 January 2026
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Legence (LGN) stock drops nearly 9% today as contractors slide ahead of U.S. payrolls

Legence (LGN) stock drops nearly 9% today as contractors slide ahead of U.S. payrolls

New York, Jan 8, 2026, 14:38 EST — Regular session Legence Corp (LGN.O) shares fell about 9% to $43.99 on Thursday, after earlier touching $48.79. The stock closed at $48.32 on Wednesday. The pullback lands on a newly public name that has moved fast since its September debut. Blackstone-backed Legence raised $728 million in an IPO priced at $28 a share and sells engineering and maintenance work for building systems, including heating and air conditioning. Reuters Broader markets offered little shelter. Wall Street was mixed on Thursday and traders focused on Friday’s nonfarm payrolls report for December, with technology shares
8 January 2026
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Arcus Biosciences (NYSE:RCUS) stock slides on Morgan Stanley downgrade as casdatifan 2026 timeline sharpens

Arcus Biosciences (NYSE:RCUS) stock slides on Morgan Stanley downgrade as casdatifan 2026 timeline sharpens

New York, January 8, 2026, 14:40 EST — Regular session Arcus Biosciences (RCUS) shares slid 9.3% to $21.05 in afternoon trading on Thursday, after earlier touching $22.70. The stock hit a session low of $21.02. Morgan Stanley cut its rating on Arcus to “equal weight” from “overweight” and trimmed its price target to $20 from $23, Investing.com reported, calling the risk-reward more balanced after a strong 2025 run. The Nasdaq Biotechnology Index was down about 2.8%. Investing.com Arcus laid out its 2026 playbook late Wednesday, keeping casdatifan — which it has billed as a potential best-in-class HIF-2a inhibitor, a protein
8 January 2026
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Dell (DELL) stock slips after CES “AI PC” reality check; here’s what traders watch next

Dell (DELL) stock slips after CES “AI PC” reality check; here’s what traders watch next

New York, January 8, 2026, 14:39 EST — Regular session Dell Technologies Inc (NYSE: DELL) shares fell 1.3% to $118.46 on Thursday afternoon after dipping as low as $114.79, a slide of about 4.4% at the session trough. The tech-heavy Invesco QQQ ETF was down about 0.8%, while PC rival HP Inc rose about 3.2%. The moves matter now because the PC industry has leaned on “AI PCs” — laptops with neural processing units (NPUs) meant to handle some AI tasks on the device — to spark a new upgrade cycle. Investors have also started to separate AI winners from
8 January 2026
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ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight

ICON stock sinks nearly 8% after Truist downgrade puts 2026 outlook in the spotlight

New York, Jan 8, 2026, 14:50 ET — Regular session ICON Public Limited Company shares fell sharply on Thursday, sliding $16.09, or about 7.9%, to $186.83 in afternoon trading after a Truist Securities downgrade knocked sentiment. Truist cut ICON to “hold” from “buy” and lowered its price target to $222 from $231, according to reports of the note. GuruFocus The timing matters because ICON is nearing the point where it has to put numbers around 2026. In a Form 6-K dated Wednesday, the contract research group said it intends to issue full-year 2026 guidance alongside its fourth-quarter and full-year 2025
8 January 2026
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Coherent (COHR) stock slides nearly 10% as investors turn picky on AI-linked optics

Coherent (COHR) stock slides nearly 10% as investors turn picky on AI-linked optics

New York, Jan 8, 2026, 14:31 EST — Regular session Coherent Corp shares slid 9.6% to $173.31 in afternoon trading on Thursday, reversing earlier gains as a wave of selling hit some AI-linked hardware names. The stock ranged from $192.50 to $173.29, with volume running a bit above its recent average. The drop comes as investors get more selective about pricey AI-related stocks after a big run, even as the broader U.S. market stayed mixed. “While AI is still hot, there are going to be winners and losers,” said Art Hogan, chief market strategist at B. Riley Wealth. Reuters The
8 January 2026
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Eaton stock slips after Barclays cuts target as rate bets stay in play

Eaton stock slips after Barclays cuts target as rate bets stay in play

New York, January 8, 2026, 14:42 EST — Regular session Shares of Eaton Corporation plc (ETN) fell about 0.8% on Thursday after Barclays lowered its price target on the power-management company. Barclays analyst Julian Mitchell cut the target to $350 from $362 and kept an Equal Weight rating, an in-line call; Eaton was down $2.53 at $320.14 in afternoon trade. TipRanks The move lands as investors keep tying the stock to the path of U.S. interest rates and the durability of data-center spending. Fed Governor Stephen Miran said he is looking for about 150 basis points, or 1.5 percentage points,
8 January 2026
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Stock Market Today

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

7 February 2026
Carvana shares rose 5.21% Friday to $403.67, rebounding after recent volatility sparked by a short-seller report from Gotham City Research. The company denied allegations of overstated earnings and undisclosed ties to DriveTime. Carvana will report Q4 and full-year 2025 results after markets close on Feb. 18. The January U.S. CPI report is scheduled for Feb. 13.
Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

7 February 2026
Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
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