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Stock Market News 8 January 2026

Applied Materials stock slides nearly 4% as tech cools, even after Cantor lifts AMAT target

Applied Materials stock slides nearly 4% as tech cools, even after Cantor lifts AMAT target

New York, Jan 8, 2026, 15:37 EST — Regular session Applied Materials shares were down 3.9% at $280.91 in afternoon trading on Thursday, after earlier dipping to $279.43. Cantor Fitzgerald raised its price target on the chip-equipment maker to $425 from $350 and kept an “overweight” rating, meaning it expects the shares to outperform. MarketBeat The slide comes as investors turn more selective on tech and other AI-linked names after big gains. “While AI is still hot, there are going to be winners and losers,” said Art Hogan, chief market strategist at B. Riley Wealth. The Nasdaq was down 0.65%
Why Coca-Cola stock is up today: KO climbs as Wall Street turns defensive

Why Coca-Cola stock is up today: KO climbs as Wall Street turns defensive

New York, Jan 8, 2026, 15:37 EST — Regular session Shares of The Coca-Cola Company rose about 2.5% to $69.23 in afternoon trading on Thursday, outpacing a near-flat U.S. market. The move matters now because investors are rotating into defensive pockets as they reassess stretched valuations in parts of big tech. “It’s become a ‘show me’ sector,” Art Hogan, chief market strategist at B. Riley Wealth, said, as traders waited for Friday’s U.S. nonfarm payrolls report. Reuters The Consumer Staples Select Sector SPDR Fund (XLP) climbed about 2.4%. PepsiCo gained 1.6% and Keurig Dr Pepper rose 1.7%. Coca-Cola often trades
8 January 2026
Celestica stock slides nearly 6% as AI-linked hardware names retreat ahead of U.S. jobs report

Celestica stock slides nearly 6% as AI-linked hardware names retreat ahead of U.S. jobs report

NEW YORK, Jan 8, 2026, 15:42 EST — Regular session Celestica Inc shares fell 5.8% to $288.20 in afternoon trading on Thursday, after opening at $311.53 and sliding as low as $281.34. About 2.4 million shares had changed hands. The drop matters because Celestica has turned into a high-beta read-through on spending for cloud and data-center gear, and investors have started to flinch at rich valuations across the AI supply chain. “It’s become a ‘show me’ sector,” said Art Hogan, chief market strategist at B. Riley Wealth. Reuters Across Wall Street, Treasury yields rose ahead of Friday’s U.S. nonfarm payrolls
8 January 2026
Cloudflare stock (NET) drops 7% as tech turns wary; insider sales filed, payrolls next

Cloudflare stock (NET) drops 7% as tech turns wary; insider sales filed, payrolls next

New York, January 8, 2026, 15:42 EST — Regular session Cloudflare Inc shares fell about 7% on Thursday, pulling the cybersecurity and content delivery firm lower after a strong close the day before. The stock was down 7.1% at $188.32, after opening at $201.71 and touching $185.82. The selling came as investors stepped back from big tech and other AI-linked trades, putting pressure on the broader technology sector. “It’s become a ‘show me’ sector. Show me how you monetize this,” said Art Hogan, chief market strategist at B. Riley Wealth, pointing to worries about returns on capex, or capital spending.
8 January 2026
Fabrinet stock slides after T. Rowe Price filing as tech shares dip

Fabrinet stock slides after T. Rowe Price filing as tech shares dip

New York, Jan 8, 2026, 15:42 EST — Regular session Fabrinet shares fell 6.5% to $439.75 in afternoon trade on Thursday, down $30.75 from the prior close, after touching a session low of $431.20. The drop tracked declines across electronics contract manufacturers and AI-linked hardware, with Celestica down 6.3%, Sanmina off 3.7% and Nvidia lower by about 2%. Separately, T. Rowe Price Associates disclosed in a Schedule 13G filing that it held 4.04 million Fabrinet shares, or 11.3% of the company, as of Dec. 31. Schedule 13G is a short-form report used by investors who cross the 5% ownership threshold
8 January 2026
Accenture stock jumps 4% on fresh AI moves: Profitmind deal, Faculty buy plan

Accenture stock jumps 4% on fresh AI moves: Profitmind deal, Faculty buy plan

New York, Jan 8, 2026, 15:31 (EST) — Regular session Accenture plc shares rose about 4.1% to $285.18 in afternoon trading on Thursday, after opening at $272.25 and sliding to $270.53. The stock later touched $286.53, putting it ahead of other IT-services names. Cognizant gained 2.1%, IBM climbed 2.0% and DXC added 0.9%. Accenture said it has invested, through Accenture Ventures, in Profitmind and will partner with the retail technology company to take its agentic AI platform to clients. Agentic AI uses software “agents” that can interpret data and trigger tasks — aimed here at pricing, inventory and merchandising decisions
Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays

Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays

New York, January 8, 2026, 15:23 ET — Regular session Shares of Vertiv Holdings fell about 7% on Thursday, trading near $159.55 and sliding as low as $158.78 after opening around $171.26. The drop lands in a market that has started to punish expensive AI-adjacent names on bad days and ask harder questions on good ones. “While AI is still hot, there are going to be winners and losers,” Art Hogan, chief market strategist at B. Riley Wealth, said, as U.S. tech stocks lagged. Reuters That scrutiny sharpens on Friday, when the Labor Department is due to publish its December
AeroVironment (AVAV) stock jumps as Trump’s $1.5T defense budget call and drone-rule carve-outs hit markets

AeroVironment (AVAV) stock jumps as Trump’s $1.5T defense budget call and drone-rule carve-outs hit markets

NEW YORK, January 8, 2026, 15:17 EST — Regular session Shares of AeroVironment Inc (AVAV.O) rose 7.8% to $343.30 at 3:05 p.m. ET on Thursday, extending a sharp run in small defense names. The stock was up as much as 16.6% earlier after touching $371.20. The move came as defense stocks climbed after President Donald Trump called for a big increase in U.S. military spending, a shift that traders treated as supportive for order books even as Washington tightens the screws on shareholder payouts. RBC Capital Markets analysts led by Ken Herbert said the prospect of a larger budget could
Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

NEW YORK, Jan 8, 2026, 15:08 EST — Regular session Viavi Solutions Inc shares fell about 8% to $17.03 in afternoon trading on Thursday, after touching a session low of $16.98. About 3.0 million shares had changed hands by 3:08 p.m. EST. The drop came amid a broader pullback in U.S. technology stocks that pushed the S&P 500 and Nasdaq lower, with investors weighing fresh labor-market data and looking ahead to Friday’s U.S. nonfarm payrolls report. Reuters Earlier on Thursday, the company said it had integrated RF Viewer — an augmented reality tool that overlays data on a live video
D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event

D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event

New York, Jan 8, 2026, 15:12 (EST) — Regular session D-Wave Quantum Inc shares were down 3.8% at $29.05 on Thursday, a day after the company unveiled a $550 million agreement to buy Quantum Circuits, a private developer of gate-model quantum hardware. The move matters because D-Wave is trying to prove it can turn quantum computing from demos into sales, and the acquisition is a costly way to speed that pitch. Gate-model systems are designed to run broader classes of quantum algorithms, while D-Wave’s annealing machines are built mainly to tackle optimization problems. SEC Investors are also fixated on the
Uber stock ticks higher as CES robotaxi rollout sharpens focus on Waymo and Tesla

Uber stock ticks higher as CES robotaxi rollout sharpens focus on Waymo and Tesla

New York, Jan 8, 2026, 14:58 EST — Regular session Uber Technologies, Inc (UBER.N) shares rose 1.9% to $87.85 in afternoon trading on Thursday, while partner Lucid Group (LCID.O) climbed about 4%. The move comes as investors re-price the long-running question around Uber’s future: will robotaxis become a cheaper supply of rides or a rival product that cuts into Uber’s slice of each fare. “Potential competition from autonomous vehicles has long been considered a key risk to Uber’s terminal value,” Jefferies analyst John Colantuoni wrote, pointing to renewed attention on Tesla and Alphabet’s Waymo. Investors Uber and partners Lucid and
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

Stock Market Today

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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