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Visa, Mastercard Retreat Amid Tech Rebound; Focus Turns to Jobs, CPI Data
Visa shares fell 1.8% to $325.58, with Mastercard down 2.4%, as payment networks lagged a broader market rally. Investors are awaiting key U.S. payrolls and inflation figures due this week.
ServiceNow Leads Software Rebound as Traders Eye Key Economic Data
ServiceNow shares surged over 3% in late trading, leading a broad software sector recovery. Investors are closely watching upcoming U.S. payrolls and inflation data for market direction.
Netflix Shares Dip After-Hours as Warner's UK Streaming Move Revives Deal Focus
Netflix stock declined 0.9% in extended trading following Warner Bros Discovery's announcement of HBO Max's UK launch and corporate restructuring plans that could shift entertainment assets to Netflix.
Robinhood Shares Surge on Analyst Upgrade Ahead of Quarterly Results
Robinhood Markets stock rose sharply in extended trading after Wolfe Research upgraded the brokerage to Outperform with a $125 price target, as investors await Q4 earnings focused on crypto revenue trends.
Palo Alto Networks Gains on Impending CyberArk Deal Closure, Q2 Results Loom
Palo Alto Networks shares advanced 4.2% as its $25 billion acquisition of CyberArk nears completion, with the deal tentatively set to close before the market opens on February 11. Investors are also looking ahead to the company's fiscal second-quarter earnings report on February 17.
Eli Lilly Shares Dip Following $2.4 Billion Orna Therapeutics Acquisition Announcement
Eli Lilly shares declined 1.3% in after-hours trading after announcing a $2.4 billion acquisition of Orna Therapeutics. Investors are monitoring the deal's impact on Lilly's pipeline and upcoming regulatory decisions.
Natural Gas Futures Plunge on Milder Weather Outlook; Expand Energy Shares Drop After CEO Departure
U.S. natural gas prices tumbled over 8% to a three-week low as forecasts of warmer temperatures threatened heating demand. Separately, leading producer Expand Energy's stock fell sharply after its CEO announced an exit.
Bitcoin Hovers Near $70K Amid Slowing Fund Outflows, Regulatory Concerns
Bitcoin declined 0.6% to $70,306 as digital asset fund withdrawals slowed to $187 million last week. South Korea's regulator called for stricter crypto oversight following a $40 billion exchange error.
XRP Gains on Ripple Custody Expansion as Market Awaits U.S. Inflation Data
XRP edged higher following Ripple's new custody partnerships, though it remains down over 10% for the week. Traders are eyeing upcoming U.S. CPI data for direction.
Dow Holds 50,000 as Markets Await Key Jobs, Inflation Data
The Dow Jones Industrial Average edged up 17 points to 50,132.79, maintaining its position above the 50,000 threshold. Investors are focused on upcoming employment and inflation reports, which could influence Federal Reserve policy.
Silver Soars on Dollar Weakness as Traders Eye Key U.S. Data
Silver prices surged over 8% Monday as the dollar declined, with traders awaiting delayed U.S. employment and inflation reports later this week.