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Stock Market 8 January 2026

Microsoft stock closes higher as Musk-OpenAI trial risk lands, with MSFT earnings in focus

Microsoft stock closes higher as Musk-OpenAI trial risk lands, with MSFT earnings in focus

New York, January 7, 2026, 21:19 — Market closed A U.S. judge cleared Elon Musk’s lawsuit challenging OpenAI’s push toward a for-profit structure for a jury trial in March, keeping Microsoft Corp in the case after it asked the court to dismiss the claims. Judge Yvonne Gonzalez Rogers said there was “plenty of evidence” OpenAI leaders had assured Musk its nonprofit structure would be maintained. Microsoft stock rose 1.0% to close at $483.47, after trading between $476.22 and $489.68, valuing the company at about $3.85 trillion. Reuters
Wall Street jolted by Trump buyback, home-buying moves; S&P 500 slips, Nasdaq steadied by AI

Wall Street jolted by Trump buyback, home-buying moves; S&P 500 slips, Nasdaq steadied by AI

U.S. stocks slipped on Wednesday, with the S&P 500 and Dow closing lower after touching record highs earlier in the session as President Donald Trump’s policy shots hit defense and housing-related shares. The Nasdaq ended slightly higher as investors returned to AI, or artificial intelligence, heavyweights including Nvidia and Alphabet. The S&P 500 fell 0.34% to 6,920.93, the Nasdaq rose 0.16% to 23,584.28 and the Dow dropped 0.94% to 48,996.08. The retreat comes with earnings season weeks away and valuations already stretched. The S&P 500 is trading about 22 times expected earnings — a common gauge of how much investors pay for each dollar of profit — above its five-year average of 19, LSEG data show. In a Reuters Trading Day column, strategists pointed to forecasts for near 10% returns in 2026, but warned that pricey markets often lag cheaper peers.
Eaton stock drops 3% as Barclays trims target; traders eye late-January outlook

Eaton stock drops 3% as Barclays trims target; traders eye late-January outlook

New York, Jan 7, 2026, 21:02 — Market closed Eaton Corporation plc shares fell 3.1% to close at $322.67 on Wednesday, giving back most of Tuesday’s 3.3% rise as U.S. stocks slid. The S&P 500 dropped 0.34% and the Dow fell 0.94%, while GE Aerospace fell 1.2%, Emerson Electric dropped 2.4% and TE Connectivity slipped 0.7%. Eaton is now about 19% below its 52-week high of $399.56 set in July.
8 January 2026
Adobe stock rises as holiday online sales hit $257.8B and AI shopping traffic jumpsAdobeAdobe stock rises as holiday online sales hit $257.8B and AI shopping traffic jumps

Adobe stock rises as holiday online sales hit $257.8B and AI shopping traffic jumpsAdobeAdobe stock rises as holiday online sales hit $257.8B and AI shopping traffic jumps

New York, Jan 7, 2026, 20:40 — Market closed Adobe shares rose 0.6% to $338.10 on Wednesday after Adobe Analytics data showed U.S. online holiday spending hit $257.8 billion, above the company’s prior forecast of $253.4 billion. Buy-now-pay-later, an installment-payment option, accounted for $20 billion of spending and retail sites saw a 693.4% jump in traffic tied to AI shopping assistants and chatbots, Adobe said. “Competitive discounts and flexible payment options like Buy Now Pay Later also contributed to driving record spend,” said Vivek Pandya, lead analyst at Adobe Digital Insights. Reuters
CoreWeave stock (CRWV) slips as Nvidia Rubin plan meets fresh analyst caution, insider filing

CoreWeave stock (CRWV) slips as Nvidia Rubin plan meets fresh analyst caution, insider filing

New York, January 7, 2026, 20:05 — Market closed CoreWeave, Inc. shares fell nearly 1% in Wednesday’s regular session and edged higher after the bell, as traders weighed the AI cloud firm’s next-gen chip roadmap against renewed focus on leverage and insider selling paperwork. The stock closed at $77.18, down 0.76, and was last up 0.73% at $77.74 after hours. It traded between $75.75 and $79.94 during the session.
8 January 2026
PepsiCo stock slides as Nvidia-Siemens “digital twin” push puts costs back in focus

PepsiCo stock slides as Nvidia-Siemens “digital twin” push puts costs back in focus

New York, Jan 7, 2026, 19:40 EST — After-hours PepsiCo, Inc. shares fell 1.4% to $137.01 on Wednesday, extending a four-session slide. The snacks-and-drinks maker this week unveiled a multi-year digital twin and AI partnership with Siemens and Nvidia, aimed at retooling factories and warehouses faster. The stock traded between $136.96 and $139.83, with about 8.4 million shares changing hands. StockAnalysis
8 January 2026

Stock Market Today

  • AMD Trades at 54.08 Forward P/E, Well Above Sector and Peers as Growth Picture Stays Mixed
    July 3, 2026, 3:17 PM EDT. Advanced Micro Devices (AMD) is trading at a 12-month forward price-to-earnings ratio of 54.08, much higher than the Zacks Computer & Technology sector's 23.18 average, with rivals NVIDIA at 18.9 and Broadcom at 21.57. Shares have jumped 142.2% so far this year, beating out the sector's 14.6% rise but still trailing Intel's 226.6% rally. Growth gets a lift from strong demand for data center chips, but the company faces weaker gaming sales, supply limits, and tough competition from NVIDIA and Intel. Consensus earnings for 2026 hold steady at $7.18 a share, which would be up 72.2% from 2025. Margins could take a hit as AI accelerators-typically lower margin-make up more of the product mix. With competition rising and mixed signals across business lines, investors may debate whether AMD's valuation premium can last.
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