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Stock Market News 8 January 2026

Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

Northrop Grumman stock rebounds as Trump buyback ban meets $1.5 trillion defense budget pitch

NEW YORK, January 8, 2026, 12:41 PM EST — Regular session Northrop Grumman Corp shares were up about 3.8% at $598.96 on Thursday, after ranging from $594.17 to $638.44 earlier in the session. The move came as defense stocks steadied after U.S. President Donald Trump called for a $1.5 trillion military budget in 2027, up from $901 billion approved for 2026. Reuters The bounce followed a rough Wednesday for the sector. Trump signed an executive order barring major defense contractors from paying dividends or buying back stock until they improve weapons output and meet delivery and cost targets, a rare
8 January 2026
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Leonardo DRS stock jumps nearly 9% as Trump’s defense budget talk lifts sector — what to watch next

Leonardo DRS stock jumps nearly 9% as Trump’s defense budget talk lifts sector — what to watch next

New York, January 8, 2026, 12:05 EST — Regular session Shares of Leonardo DRS jumped 9.4% to $40.68 in midday trading on Thursday. The stock has traded between $37.42 and $40.74, after closing at $37.20 in the prior session. The move came as defense stocks climbed after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027, well above the $901 billion approved for 2026. RBC Capital Markets analysts led by Ken Herbert wrote that “there is significant uncertainty associated with a final defense budget,” while Morgan Stanley analysts led by Kristine Liwag said, “A limit on
8 January 2026
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Bloom Energy stock jumps after AEP flags a $2.65 billion fuel-cell buy — what investors are watching next

Bloom Energy stock jumps after AEP flags a $2.65 billion fuel-cell buy — what investors are watching next

New York, Jan 8, 2026, 11:24 ET — Regular session Bloom Energy Corporation shares jumped on Thursday after American Electric Power said it would buy solid oxide fuel cells in a deal valued at about $2.65 billion. Bloom was last up about 9% at $117.63, after swinging between $106.70 and $128. Reuters The move matters because it puts a fresh price tag on an option that investors have treated as “real someday” rather than “real now,” and it comes as markets look for firm orders behind the broader push to lock down power supply for large loads. Evercore ISI analyst
8 January 2026
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Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

Walmart (WMT) stock dips after new board pick Shishir Mehrotra — here’s what traders watch next

New York, January 8, 2026, 11:27 EST — Regular session Walmart Inc shares fell 0.7% to $111.91 by late morning on Thursday after the retailer said it appointed Superhuman CEO Shishir Mehrotra to its board. The stock hit an intraday low of $109.86. The board move lands as Walmart leans harder on technology spending and pushes its online and store businesses closer together, a costly shift that investors keep scoring quarter by quarter. “Our focus remains on serving customers through a people-led, tech-powered approach,” board chair Greg Penner said. archive.fast-edgar.com It also puts a spotlight on the company’s near-term investor
8 January 2026
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Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

Lam Research stock slips below $200 as chip gear makers slide; jobs report looms

New York, January 8, 2026, 11:27 EST — Regular session Lam Research shares fell 2.2% to $198.62 on Thursday, tracking a broader drop in semiconductor names. The stock touched $195.14 at its low so far. Lam, a major supplier of chipmaking tools, tends to swing with expectations for factory spending and the pace of upgrades at big chipmakers. That matters now because rate-sensitive tech has been jittery, and investors are trying to pin down whether early-year momentum can hold into earnings season. Applied Materials slid about 4.0%, KLA fell roughly 2.7% and ASML’s U.S.-listed shares dropped about 3.9%, while the
8 January 2026
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Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

Lockheed Martin stock jumps on Trump’s $1.5 trillion defense-budget call after payout-ban scare

NEW YORK, Jan 8, 2026, 11:45 EST — Regular session Lockheed Martin shares rose 5.2% to $522.56 on Thursday, extending a volatile two-day stretch after President Donald Trump called for a $1.5 trillion U.S. military budget for 2027. The stock hit $542.66 earlier in the session before drifting back. Reuters The whipsaw matters because the same White House that is talking up a much larger defense top line is also threatening to police how contractors spend their cash. “A limit on capital return is an incremental negative, but the size is manageable,” Morgan Stanley analysts led by Kristine Liwag wrote,
8 January 2026
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Western Digital stock slides again after CES AI-storage rally — what traders watch next

Western Digital stock slides again after CES AI-storage rally — what traders watch next

New York, January 8, 2026, 11:31 EST — Regular session Western Digital Corp (WDC) shares fell about 9% on Thursday, extending a sharp pullback in storage names after this week’s CES-driven jump. The stock was down 8.6% at $182.63 after opening above $200. The swing matters because Western Digital, a maker of hard-disk drives — spinning disks used for bulk data storage — has become a quick way for traders to express views on the AI data-center buildout. After two sessions of big moves, some investors are starting to ask how much of the storage boom is already in the
8 January 2026
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Astronics stock jumps as ATRO beats Q4 revenue target, rolls out 2026 sales outlook

Astronics stock jumps as ATRO beats Q4 revenue target, rolls out 2026 sales outlook

NEW YORK, Jan 8, 2026, 12:02 EST — Regular session Astronics Corp (ATRO.O) shares rose about 8.5% on Thursday after the aerospace supplier posted preliminary fourth-quarter revenue above its target range and set a 2026 revenue outlook that points to another year of growth. The stock was up 8.5% at $63.20 in midday trading, after earlier touching $65.24. Astronics said preliminary unaudited fourth-quarter revenue was about $236 million to $239 million, and it forecast 2026 revenue of $950 million to $990 million. The company pegged 2025 revenue at about $860 million, based on the midpoint of the fourth-quarter range. Astronics
8 January 2026
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GDS stock jumps 7% as DayOne’s $2 billion funding ripples into the parent

GDS stock jumps 7% as DayOne’s $2 billion funding ripples into the parent

New York, January 8, 2026, 12:03 EST — Regular session Shares of GDS Holdings Limited climbed about 7% on Thursday, lifting the U.S.-listed stock to $41.25 in midday trading. The move pushed the shares as high as $41.60 after they opened at $39.09. Investors have been parsing what fresh private capital at DayOne Data Centers means for GDS, which has kept a stake in the overseas business. In a sector where power, land and customer contracts can make or break a buildout, funding isn’t a footnote right now — it’s the story. DayOne’s raise also lands as demand for “AI-ready”
8 January 2026
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Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

Netflix stock slips as Paramount presses Warner bid; NFLX earnings loom

New York, Jan 8, 2026, 11:07 ET — Regular session Netflix stock was down 0.4% at $90.34 on Thursday, slipping as Paramount Skydance renewed its push to buy Warner Bros Discovery and took fresh aim at the structure of Netflix’s agreed deal for Warner’s studios and streaming assets. Paramount reiterated its $30-per-share all-cash offer and said the cable-network spin-off central to Netflix’s proposal was effectively worth less than nothing; Paramount’s tender offer expires on Jan. 21. Reuters The sparring matters for Netflix shareholders because Netflix stock is part of the consideration in the Warner transaction, and a “collar” (a preset
8 January 2026
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JPMorgan stock climbs on Apple Card takeover as earnings near

JPMorgan stock climbs on Apple Card takeover as earnings near

NEW YORK, Jan 8, 2026, 11:13 AM ET — Regular session JPMorgan Chase & Co (JPM) shares rose about 1.1% to $330.65 in late morning trading on Thursday after the bank said it will become the new issuer of Apple’s Apple Card, replacing Goldman Sachs. The deal is subject to regulatory approvals and is not expected to close for roughly two years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Goldman Chief Executive David Solomon said. Reuters The agreement would bring more than $20 billion in card balances to Chase’s platform once completed, adding heft
8 January 2026
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Rivian stock rises as U.S. recall hits nearly 20,000 serviced R1 vehicles

Rivian stock rises as U.S. recall hits nearly 20,000 serviced R1 vehicles

New York, Jan 8, 2026, 10:59 EST — Regular session Shares of Rivian Automotive (RIVN.O) were up about 1.2% at $20.30 in morning trade on Thursday after U.S. auto safety regulators flagged a recall of 19,641 previously serviced R1S SUVs and R1T pickups. The stock has traded between $19.80 and $20.63 so far in the session. Reuters The headline is small by Detroit standards, but it lands when Rivian can’t afford distractions. Investors have been pushing for cleaner execution and tighter costs, not more trips through the shop. It also puts the spotlight on service work, not factory output. A
8 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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