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Stock Market News 3 February 2026

Wells Fargo stock price ticks up as banks buck a tech-led slide — here’s what traders watch next

Wells Fargo stock price ticks up as banks buck a tech-led slide — here’s what traders watch next

Wells Fargo shares rose 0.3% to $92.53 Tuesday afternoon, outperforming a 1.2% drop in the S&P 500 ETF. Banks gained as long-term Treasury yields edged higher, with investors betting on a steeper yield curve. The January jobs report was delayed due to the government shutdown, the Bureau of Labor Statistics said. Wells Fargo CFO Mike Santomassimo will speak at UBS’s Financial Services Conference on Feb. 10.
3 February 2026
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TeraWulf stock jumps on Kentucky, Maryland power-site deal: what WULF investors are watching next

TeraWulf stock jumps on Kentucky, Maryland power-site deal: what WULF investors are watching next

TeraWulf shares rose 6.2% to $14.27 after announcing the acquisition of a Kentucky industrial site and a pending deal for a Maryland power plant, adding 1.5 GW to its capacity. The Kentucky deal closed Feb. 2; the Maryland transaction awaits regulatory approval. Century Aluminum sold the Hawesville, Kentucky plant but kept a minority stake. TeraWulf’s stock gained despite a 4% drop in bitcoin prices.
3 February 2026
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Corning stock rises as market slides: what GLW traders are watching next

Corning stock rises as market slides: what GLW traders are watching next

Corning shares rose 1.4% to $111.86 Tuesday, outperforming major U.S. stock ETFs, after forecasting first-quarter sales above Wall Street estimates and announcing a multi-year Meta supply deal. SEC filings show insider sales on Feb. 2, including Eric Musser and Michael Paul O'Day. The stock traded between $109.64 and $117.50 amid volatility. Optical-fiber demand now accounts for nearly 40% of company revenue.
3 February 2026
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Union Pacific stock price rises 2% as UNP tracks rail rally; merger deadline in focus

Union Pacific stock price rises 2% as UNP tracks rail rally; merger deadline in focus

Union Pacific shares rose 2.2% to $240.34 Tuesday afternoon, rebounding from a session low after earlier declines. CSX, Norfolk Southern, and Canadian Pacific Kansas City also gained. Investors are focused on the regulatory review of Union Pacific’s proposed merger with Norfolk Southern and freight demand projections for 2026. The Surface Transportation Board returned the merger application last month, citing missing data.
3 February 2026
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Rocket Companies stock jumps 8% as RKT swings on mortgage volume talk

Rocket Companies stock jumps 8% as RKT swings on mortgage volume talk

Rocket Companies shares jumped 8.2% to $20.32 late Tuesday, with trading volume near 44.6 million shares. CEO Varun Krishna told CNBC the firm is seeing its highest mortgage loan volume and gain-on-sale margin in four years. UWM Holdings, loanDepot, and PennyMac Financial Services all fell. Rocket reports earnings Feb. 19.
3 February 2026
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AI disruption fear drags Nasdaq lower as Alphabet, Amazon earnings loom

AI disruption fear drags Nasdaq lower as Alphabet, Amazon earnings loom

U.S. stocks dropped Tuesday, with the S&P 500 down 1.46% and the Nasdaq off 2.17% as investors worried AI could pressure software makers’ margins. PayPal plunged 19% after a CEO change and weak outlook, while Walmart reached a $1 trillion market value. The 10-year Treasury yield rose to 4.287%. The House narrowly passed a bill to end the government shutdown.
3 February 2026
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TJX stock rises as Wall Street tumbles on AI disruption fears — what investors watch next

TJX stock rises as Wall Street tumbles on AI disruption fears — what investors watch next

TJX shares rose about 1.5% to $152.36 Tuesday afternoon, bucking a broad market decline as tech stocks fell on renewed AI concerns. Value-focused retailers outperformed, with Walmart up 2.2% and Ross and Burlington each gaining around 1%. Traders are watching for TJX’s quarterly update later this month. Key labor data releases remain delayed due to a partial U.S. government shutdown.
3 February 2026
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Adobe stock price slides on AI disruption jitters; investors look to March earnings call

Adobe stock price slides on AI disruption jitters; investors look to March earnings call

Adobe shares fell 7.1% to $272.62 Tuesday, leading a sharp sell-off in software stocks after Anthropic launched a new AI legal tool. Investors cited fears that generative AI could disrupt established players and pressure margins. Adobe will report earnings March 12, with focus on AI monetization and demand trends.
3 February 2026
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Stocks Slide as AI Disruption Jitters Hit Tech — Earnings Wave Looms

Stocks Slide as AI Disruption Jitters Hit Tech — Earnings Wave Looms

U.S. stocks fell Tuesday, with the Nasdaq down nearly 2% as tech and software shares slid on AI disruption fears. Alphabet and Amazon dipped ahead of earnings, while Nvidia and Microsoft also declined. Teradyne jumped over 20% on a strong forecast. Labor-market data was delayed by the ongoing partial government shutdown.
3 February 2026
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Taseko Mines (TGB) stock price jumps 13% as copper rebounds and insider sales hit the tape

Taseko Mines (TGB) stock price jumps 13% as copper rebounds and insider sales hit the tape

Taseko Mines shares rose 12.7% to $8.69 in NYSE American trading Tuesday, tracking a rebound in copper prices and metals stocks. Copper futures climbed nearly 4% after reports China may boost stockpiles. Insider filings showed executives and a director exercised and sold options totaling 200,000 shares at prices between C$10.50 and C$11.76. Trading volume reached about 10.4 million shares.
3 February 2026
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Stock Market Today

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

7 February 2026
Stellantis shares plunged 23.7% to $7.28 Friday after the company disclosed about €22.2 billion in charges tied to a reset of its electric-vehicle strategy and said it will skip its 2026 dividend. The automaker flagged a preliminary net loss of €19–21 billion for the second half of 2025. Shares rose 1.6% in late after-hours trading. Investors await Feb. 26 results and a May 21 Investor Day.
Intel stock jumps on China server CPU delays as traders map the week ahead

Intel stock jumps on China server CPU delays as traders map the week ahead

7 February 2026
Intel shares rose 4.87% to $50.59 Friday, trailing gains by Nvidia and Broadcom as chip stocks rallied. Sources said Intel and AMD warned Chinese customers of longer waits and higher prices for some server CPUs, with Intel lead times reaching six months. Intel said China accounts for over 20% of its revenue. Investors await key U.S. jobs and inflation data next week.
IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

7 February 2026
IRS staffing has dropped to 2021 levels as the 2026 tax filing season begins, according to a Treasury watchdog. The agency faces a backlog of about 2 million returns, 129% above pre-pandemic levels. Most e-filers using direct deposit still get refunds within 21 days, but paper filings and amended returns could see delays. The IRS lowered its call-answer target to 70% for this season.
Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

7 February 2026
Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.
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