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Wall Street News 7 January 2026 - 9 January 2026

Scorpio Tankers stock slips as BofA downgrade revives “peak rates” debate

Scorpio Tankers stock slips as BofA downgrade revives “peak rates” debate

New York, Jan 9, 2026, 14:45 EST — Regular session Shares of Scorpio Tankers Inc fell about 2.3% on Friday after Bank of America Securities cut its rating on the product tanker operator, pointing to signs the freight market may be closer to a top. The stock was down $1.32 at $54.86 in afternoon trading. The call matters because tanker stocks can move fast when analysts start leaning the other way on day rates, which drive earnings for many shipping owners. Scorpio’s shares had climbed in recent sessions, leaving less room for disappointment when the next set of rate and
9 January 2026
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Lumentum stock slips in choppy trade as Wall Street lifts targets to $455-$470

Lumentum stock slips in choppy trade as Wall Street lifts targets to $455-$470

New York, Jan 9, 2026, 13:01 EST — Regular session Shares of Lumentum Holdings Inc (LITE) were down 2.4% at $339.88 by early afternoon on Friday, pulling back after a violent week for the optical components maker. The stock has traded between $334.01 and $362.63 so far, with about 3.7 million shares changing hands. The move matters now because Lumentum sits in the plumbing of artificial intelligence (AI) data centers, selling lasers and optical parts that push data as light, not electricity. After a sharp run, traders have treated the name like a referendum on cloud spending and networking upgrades.
9 January 2026
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Broadcom stock slides after $4.5 billion bond pricing; Wall Street looks past the noise

Broadcom stock slides after $4.5 billion bond pricing; Wall Street looks past the noise

New York, Jan 9, 2026, 09:35 EST — Regular session Broadcom shares slid 3.2% in early trading on Friday, down $11.13 at $332.48, after opening sharply lower and hitting an intraday low of $333.54. The move keeps Broadcom in the crosshairs of a market that has been quick to sell big tech on any hint of tighter financial conditions, even as investors stay focused on how much spending the AI build-out can really absorb. Broadcom was among the large tech names that helped drag the Nasdaq lower on Thursday. (Reuters) This week, Broadcom priced $4.5 billion of senior notes across
9 January 2026
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Goldman Sachs stock slips after Apple Card handoff to JPMorgan — what Wall Street watches next

Goldman Sachs stock slips after Apple Card handoff to JPMorgan — what Wall Street watches next

New York, Jan 8, 2026, 20:58 EST — Market closed The Goldman Sachs Group Inc (GS) is handing the Apple Card to JPMorgan Chase’s (JPM) Chase unit, ending the Wall Street bank’s stint as issuer of the co-branded card, the companies said. Goldman shares slipped 0.66% to $934.83 on Thursday. Mastercard will remain the payment network. The handoff lands just ahead of earnings, and it sharpens Goldman’s retreat from consumer lending, a push that has drawn investor scrutiny for years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Chief Executive David Solomon said. Goldman Sachs
9 January 2026
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AST SpaceMobile stock snaps back after Scotiabank downgrade whipsaws Wall Street

AST SpaceMobile stock snaps back after Scotiabank downgrade whipsaws Wall Street

New York, Jan 8, 2026, 20:43 EST — Market closed for the day. Shares of AST SpaceMobile (ASTS) staged a rebound Thursday, finishing 5.6% higher at $90.56. The stock clawed back after a steep drop in the previous session, triggered by an analyst downgrade. MarketWatch The move matters because ASTS has morphed into a high-beta bet centered on a crucial question: how fast can it convert satellite launches into a steady stream of paying users with everyday phones? When the stock leaps, the valuation takes center stage—it’s the main story, not just a detail. That sensitivity ramps up ahead of
9 January 2026
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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
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SoFi stock rises as Wall Street debates dilution ahead of Jan. 30 earnings

SoFi stock rises as Wall Street debates dilution ahead of Jan. 30 earnings

NEW YORK, Jan 8, 2026, 13:53 EST — Regular session SoFi Technologies (SOFI) shares rose 2.5% to $27.68 in early afternoon trading on Thursday. The stock has ranged from $26.59 to $28.05, with about 35 million shares traded. The move comes as SoFi heads toward its fourth-quarter and full-year 2025 report, a key checkpoint after a recent stock sale. The company said it plans to post results at about 7 a.m. Eastern on Jan. 30 and host a conference call at 8 a.m. SoFi Technologies Bank of America analyst Mihir Bhatia resumed coverage this week with an underperform rating —
8 January 2026
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Dow Jones ETF DIA rises as tech slips and Trump defense headlines jar Wall Street before payrolls

Dow Jones ETF DIA rises as tech slips and Trump defense headlines jar Wall Street before payrolls

New York, January 8, 2026, 13:49 EST — Regular session The SPDR Dow Jones Industrial Average ETF Trust (DIA) rose 0.6% to $492.73 in afternoon trade on Thursday, tracking a gain in the Dow as investors bought steady “old economy” names and trimmed big tech. The Dow was up 304 points, or 0.6%, around midday, while the Nasdaq slipped as heavyweight tech stocks fell. “It’s too soon to call it a broadening of the rally beyond tech stocks,” said Joe Saluzzi, partner and co-founder at Themis Trading. Reuters The shift matters because the Dow is still hovering not far from
8 January 2026
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SoFi stock slips after BofA “underperform” call; Wall Street eyes Jan. 30 earnings

SoFi stock slips after BofA “underperform” call; Wall Street eyes Jan. 30 earnings

New York, Jan 8, 2026, 10:20 EST — Regular session SoFi Technologies (SOFI.O) shares were down 0.2% at $26.94 as of 10:11 a.m. EST on Thursday, as investors weighed fresh broker calls after the fintech’s recent share sale. A regulatory filing showed SoFi sold 57,754,660 shares at $27.50 apiece after underwriters exercised an option for extra stock, lifting the total take to roughly $1.6 billion before fees. New shares can pressure a stock by diluting existing holders. SEC The timing doesn’t help. Traders head into Friday’s U.S. employment report — due at 8:30 a.m. ET — which can swing rate
8 January 2026
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Blackstone stock steadies in premarket after Trump threatens Wall Street home-buying ban

Blackstone stock steadies in premarket after Trump threatens Wall Street home-buying ban

NEW YORK, Jan 8, 2026, 05:11 EST — Premarket Blackstone Inc shares held steady before the open on Thursday, after a sharp selloff tied to fresh political risk around institutional home buying. The stock last traded at $153.59, unchanged from Wednesday’s close after it fell as low as $147.52 in the session. Yahoo Finance Why it matters now: the housing headline hit a corner of the market that had been leaning on lower-rate hopes and a calmer U.S. economy. Blackstone and Apollo Global Management slid more than 5% on Wednesday, weighing on the S&P 500 financials sector. Reuters Trump said
8 January 2026
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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

NEW YORK, Jan 7, 2026, 21:13 (EST) 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. (Reuters) The retreat comes with earnings season weeks away and valuations already stretched. The S&P 500 is trading about 22 times expected earnings
8 January 2026
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CoreWeave stock price forecast: Wall Street still sees $121 target after Nvidia Rubin news, but shares wobble

CoreWeave stock price forecast: Wall Street still sees $121 target after Nvidia Rubin news, but shares wobble

New York, Jan 7, 2026, 15:29 EST — Regular session CoreWeave shares were down about 0.6% at $77.51 in afternoon trading on Wednesday after swinging between $75.77 and $79.92. The CoreWeave stock price forecast looks messy: analyst targets tracked by Benzinga ranged from $36 to $180 over the past quarter, with an average of $121.48, down from $142. Benzinga Why it matters now: CoreWeave just put new product headlines back on the tape, tying its outlook even tighter to Nvidia’s chip roadmap. The company said it plans to add Nvidia’s next Rubin platform to its cloud and expects to deploy it
7 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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