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Stock Market News 7 January 2026

Bank of America stock (BAC) holds near 52-week high after accounting change trims key capital ratio

Bank of America stock (BAC) holds near 52-week high after accounting change trims key capital ratio

New York, Jan 6, 2026, 20:14 EST — Market closed Bank of America Corp said it changed accounting methods for certain tax-related equity investments, an adjustment that would have cut its common equity tier 1 (CET1) ratio — a key measure of bank capital — by 13 basis points as of Sept. 30, 2025, on a pro forma basis. Applied retrospectively, retained earnings as of Sept. 30 fell $1.7 billion and CET1 capital would have decreased about $2.1 billion, it said; it also estimated its third-quarter effective tax rate would have been about 20% versus 10.4% previously reported. The lender
Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade

New York, Jan 6, 2026, 20:13 (EST) — Market closed Johnson Controls International plc (NYSE: JCI) shares closed down 6.2% at $113.95 on Tuesday after Nvidia CEO Jensen Huang said the chipmaker’s next platform would sharply reduce the cooling equipment needed in data centers. The stock was down as much as 7.5% earlier in the session and hit a multi-month low. (Source: Reuters) The selloff matters because investors have treated Johnson Controls and other heating, ventilation and air-conditioning (HVAC) suppliers as a way to play the AI-driven buildout of data centers. Cooling is a basic cost of running server farms,
Mastercard stock climbs as Wall Street hits records; fee-settlement objections and earnings loom

Mastercard stock climbs as Wall Street hits records; fee-settlement objections and earnings loom

New York, Jan 6, 2026, 20:23 EST — Market closed Mastercard Inc (MA) shares climbed 2.1% to close at $580.34 on Tuesday. The payments network outpaced Visa and American Express as investors stayed in risk-on mode. The move comes as investors track a renewed challenge to a proposed Visa-Mastercard settlement aimed at cutting “swipe fees.” Swipe fees, also called interchange, are the charges merchants pay on card purchases. Consumer and small-business groups joined merchants in an objection, saying the proposal still falls short; it would trim posted credit interchange rates by 0.1 percentage point for five years and cap standard
Amphenol stock whipsaws on Nvidia’s cable-free Rubin reveal; APH earnings next

Amphenol stock whipsaws on Nvidia’s cable-free Rubin reveal; APH earnings next

New York, January 6, 2026, 20:01 EST — Market closed Amphenol Corp (APH) shares closed up 1.1% at $141.38 on Tuesday after sliding as low as $130.62 earlier in the session. The stock was last up 0.1% at $141.49 in late after-hours trading. The move followed Nvidia’s launch of its next-generation Rubin AI platform at CES, a design the company said uses a cable-free architecture. “Rubin arrives at exactly the right moment,” Nvidia CEO Jensen Huang said, with Nvidia saying Rubin-based products will be available from partners in the second half of 2026. NVIDIA Newsroom That matters for Amphenol because
Caterpillar stock edges higher after-hours as CEO Joe Creed is tapped for chairman role

Caterpillar stock edges higher after-hours as CEO Joe Creed is tapped for chairman role

New York, Jan 6, 2026, 19:51 EST — After-hours Caterpillar Inc. shares rose in after-hours trading on Tuesday after the machinery maker said CEO Joe Creed will become chairman on April 1, succeeding Jim Umpleby, who is retiring. The stock was up about 1.1% at $623.09, after earlier trading between $609.44 and $626.60. Reuters The change puts Creed on track to hold both the top executive job and the board’s chair, a governance setup investors often watch closely at large industrial firms. Caterpillar is widely treated as a bellwether for construction, mining and energy activity, so leadership moves can draw
Qualcomm (QCOM) stock rises after-hours on Google auto AI pact, CES chip launches

Qualcomm (QCOM) stock rises after-hours on Google auto AI pact, CES chip launches

New York, Jan 6, 2026, 19:42 EST — After-hours Qualcomm Incorporated shares rose 3.5% to $182.45 in after-hours trading on Tuesday, after swinging between $176.50 and $184.38 during the session as investors weighed a string of CES updates tied to cars and PCs. The moves land as CES 2026 opens in Las Vegas and suppliers try to convince investors they can turn artificial intelligence into revenue beyond smartphones. The trade show runs from Jan. 6 to 9 and is expected to feature autonomous-driving and AI-heavy pitches across the industry. Qualcomm Technologies, a unit of Qualcomm, and Google said they expanded
Trane Technologies (TT) stock slides after Nvidia says “no water chillers” needed for data centers

Trane Technologies (TT) stock slides after Nvidia says “no water chillers” needed for data centers

New York, January 6, 2026, 19:43 EST — After-hours Trane Technologies plc shares closed down 2.5% on Tuesday at $381.10 and were steady in after-hours trading. The move followed comments from Nvidia CEO Jensen Huang that next-generation chips would reduce cooling requirements in data centers, the buildings that house computer servers. Reuters Trane fell as much as 10.7% earlier in the session before trimming losses, underlining how sensitive the stock has become to shifts in the AI infrastructure trade. Barclays analyst Julian Mitchell wrote, “Given the primacy of Nvidia to the whole AI ecosystem, one should not take their comments
Goldman Sachs stock edges higher after hours as 2025 M&A crown sharpens earnings focus

Goldman Sachs stock edges higher after hours as 2025 M&A crown sharpens earnings focus

NEW YORK, Jan 6, 2026, 19:38 EST — After-hours Goldman Sachs Group Inc shares rose in after-hours trading on Tuesday, extending recent gains after fresh data showed the bank again led global merger advising last year. The stock was up 0.7% at $955.47, after swinging between $943.86 and $958.55 in the session. The update matters heading into U.S. bank earnings season, when investors will look for evidence that a rebound in dealmaking is feeding through to investment-banking fees. A preliminary prospectus supplement dated Jan. 5 said Goldman expects to file its quarterly earnings release for the quarter and year ended
GE Vernova stock ticks higher after hours as Vietnam LNG plant starts and Jan. 28 earnings date nears

GE Vernova stock ticks higher after hours as Vietnam LNG plant starts and Jan. 28 earnings date nears

New York, Jan 6, 2026, 19:42 EST — After-hours GE Vernova Inc shares rose $5.49, or 0.8%, to $686.33 in after-hours trading on Tuesday after the power-equipment maker set a Jan. 28 earnings date and highlighted a Vietnam gas-plant milestone. TradingView — GEV quote The latest updates land as investors look for evidence that GE Vernova can convert demand for gas turbines and grid gear into steadier margins and cash. In December, the company forecast higher 2026 revenue and expanded its share buyback program, pointing to strong demand for power equipment. Reuters — Dec. 10, 2025 GE Vernova said PV
Applied Materials stock jumps to a fresh 52-week high as CES AI talk lifts chip-equipment shares

Applied Materials stock jumps to a fresh 52-week high as CES AI talk lifts chip-equipment shares

New York, Jan 6, 2026, 19:34 (EST) — After-hours Applied Materials Inc shares rose 4.1% to $296.01 on Tuesday, marking a fresh 52-week high as buyers piled into chip-equipment names. The stock traded between $284.00 and $298.09 and finished above its prior peak near $287.74 set a session earlier, with volume slightly below its recent average. MarketWatch The move comes as chip stocks gained on renewed AI optimism, lifting the Philadelphia Semiconductor Index to a record and helping Wall Street end higher. Jed Ellerbroek, a portfolio manager at Argent Capital, said he expects “a very strong earnings season for Big
AST SpaceMobile stock jumps on AT&T satellite-to-phone beta plan — what investors watch next

AST SpaceMobile stock jumps on AT&T satellite-to-phone beta plan — what investors watch next

New York, Jan 6, 2026, 19:29 EST — After-hours AST SpaceMobile shares rose 7.2% in Tuesday’s regular session and were down 1.8% to $95.75 in after-hours trading. marketwatch.com The latest move underscores how quickly investors are repricing satellite-to-phone coverage as U.S. wireless carriers look for ways to plug dead zones without building more towers. For AST SpaceMobile, steps toward a beta are the clearest near-term marker that its space-based cellular strategy is moving from tests to early commercialization. AT&T said it expects to start offering a “beta” direct-to-device satellite service in the first half of this year, initially to “a
Seagate stock jumps 14% as Nvidia CES “context memory storage” lifts STX and peers

Seagate stock jumps 14% as Nvidia CES “context memory storage” lifts STX and peers

New York, January 6, 2026, 19:30 EST — After-hours Seagate Technology Holdings plc (STX.O) shares jumped nearly 14% on Tuesday and were last up 14% at $330.42 in after-hours trading, after touching $334.83 earlier in the session. The surge shows how quickly investors are widening the AI trade from chipmakers to the hardware that stores and serves data for large models. With fourth-quarter earnings season days away, traders are leaning into names that could benefit if cloud and enterprise spending stays firm. At the Consumer Electronics Show in Las Vegas, Nvidia CEO Jensen Huang said the company’s next generation of

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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