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Stock Market 12 January 2026

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

New York, Jan 12, 2026, 07:52 EST — Premarket S&P 500 E-minis, the futures linked to the benchmark index, slipped 0.66% to 6,959 points by 5:51 a.m. ET. Dow E-minis were down 0.72%, while Nasdaq 100 E-minis declined 0.88%, market data showed. https://www.reuters.com/business/finance/wall-st-futures-slip-worries-over-fed-independence-financial-stocks-slide-2026-01-12/
HCLTech Q3 results are out: Revenue beats estimates, profit drops and FY26 guidance narrows

HCLTech Q3 results are out: Revenue beats estimates, profit drops and FY26 guidance narrows

HCLTech reported a stronger-than-expected jump in third-quarter revenue on Monday, but a one-off expense linked to India’s new labour laws dragged profit below estimates. The company trimmed its fiscal 2026 revenue growth forecast to 4% to 4.5%, down from the previous range of 3% to 5%. Revenue climbed 13.3% to 338.72 billion rupees, while profit slipped 11.2% to 40.76 billion rupees, weighed down by a 9.56 billion-rupee charge, the firm said. India’s IT earnings season kicks off early, as investors look for signs that clients are starting to spend more after a lengthy period of cautious tech budgets. Bloomberg consensus estimates, highlighted by NDTV Profit earlier today, suggest mid-single-digit sequential revenue growth alongside a stronger jump in operating profits, driven by software seasonality.
IREN stock pops in premarket as Bernstein tags it a 2026 “top AI pick” after Microsoft deal

IREN stock pops in premarket as Bernstein tags it a 2026 “top AI pick” after Microsoft deal

IREN shares climbed roughly 2.2% in U.S. premarket Monday, following a Bernstein note naming the company a 2026 “top AI pick,” per TipRanks. The stock was flagged at $47.05, up $1.02 from its previous close. https://www.google.com/finance/quote/IREN%3ANASDAQ?hl=en The call matters because IREN straddles two volatile sectors: bitcoin-linked miners and AI data centers. Investors are wrestling with whether its grid power and chip agreements can transform a boom-and-bust mining operation into a steadier stream of contracted infrastructure revenue.
FTSE 100 slips as Barclays takes a hit from Trump’s credit-card cap push; gold miners climb

FTSE 100 slips as Barclays takes a hit from Trump’s credit-card cap push; gold miners climb

London, 12 January 2026, 10:58 GMT — Regular session Britain’s FTSE 100 slipped in early Monday trade, pulled lower by a steep drop in Barclays after investors weighed new U.S. policy risks alongside a firmer pound. By 0823 GMT, the blue-chip index was down 0.1%, while sterling gained 0.3% against the dollar, hitting roughly $1.34.
TCS, HCLTech Q3 results today: The AI clues investors are watching more than the numbers

TCS, HCLTech Q3 results today: The AI clues investors are watching more than the numbers

India’s Tata Consultancy Services and HCL Technologies are set to release fiscal third-quarter results later Monday. Investors will be watching closely to see how fast artificial intelligence projects are translating into actual revenue. Focus has shifted from quarterly results to generative AI—tools capable of writing code and text—and whether this tech can revitalize a sector weighed down by foreign investors offloading about 750 billion rupees of Indian IT stocks in 2025. Nomura’s Abhishek Bhandari noted clients are “gradually moving from proof-of-concept projects to standalone implementations of AI.” Meanwhile, HSBC’s Yogesh Aggarwal highlighted that “Hyperscalers are set to invest $2 trillion,” referencing major cloud players’ planned spending. But analysts warned of tariff concerns, H-1B visa uncertainties, and the possibility that AI could drive down prices for legacy services.

Stock Market Today

  • MacroResearchBoard Flags Risks From AI Hype, Bond Yields for U.S. Stocks
    July 3, 2026, 10:50 AM EDT. MacroResearchBoard is warning about a possible AI disappointment, saying investor hopes for artificial intelligence could get ahead of what companies actually deliver. The firm also points to rising bond yields as another drag and now takes a more cautious view on U.S. stocks for the next 12 months. MacroResearchBoard sees risk building in tech names even as sentiment stays strong, with macro shifts adding pressure.
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