Stock market today: Dow, S&P 500, Nasdaq futures steady after Trump delivers State of the Union, Nvidia earnings loom

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  Gold rises arsenic traders measurement tariff risks and Middle East tension

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  First Solar banal falls aft gross guidance misses expert expectations

  First Solar (FSLR) banal sank 15% during premarket hours connected Wednesday aft the company, which manufactures star panels, reported higher nett wrong its 4th fourth net but issued gross guidance for 2026, which missed expert expectations.

  The Wall Street Journal reports:

  Read much here.

• Workday banal plunges 9% arsenic outlook falls abbreviated of expectations

  Workday (WDAY) banal plunged astir 9% during premarket hours connected Wednesday aft the endeavor applications institution reported an adjusted net bushed but disappointing guidance. The quarterly results travel arsenic bundle stocks similar Workday person sold disconnected connected concerns that artificial quality could automate and devour distant astatine their halfway businesses.

  In the 4th quarter, Workday reported gross of $2.53 billion, a 14.5% yearly increase, which conscionable managed to transcend estimates of $2.52 billion, according to S&P Global Market Intelligence. Subscription gross deed $2.36 billion.

  Adjusted net per stock of $2.47 besides bushed the Street's expectations of $2.32 per share.

  But Workday's subscription gross guidance fell abbreviated of expectations. The institution expects archetypal 4th subscription gross of $2.335 billion, suggesting a slowdown from the existent quarter, and full-year subscription gross of $9.92 cardinal to $9.95 billion.

  Workday banal was already down much than 9% implicit the past 5 days arsenic worries astir AI disruption coursed done the sector, fueled by a doom-and-gloom study from Citrini Research.

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  Trump says US wants to marque a woody successful Iran but needs guarantees Iran volition 'never person a atomic weapon'

  In comments connected Tuesday night, President Trump said helium is hoping to marque a woody with Iran, but lone if the Iranians are consenting to pledge to ne'er make atomic weapons.

  “We privation to marque a woody but we haven't heard those concealed words: ‘We volition ne'er person a atomic weapon,'" Trump said.

  "My penchant is to lick this occupation done diplomacy but 1 happening is certain: I volition ne'er let the world’s fig 1 sponsor of terrorism, which they are by far, to person a atomic limb — cant fto that happen.”

  Futures connected US pricing benchmark West Texas Intermediate (WTI) crude (CL=F) and planetary benchmark Brent crude (BZ=F) ticked up by astir 0.7% earlier successful the time and remained unchanged passim the evening.

  Conflict betwixt the 2 nations could endanger the Strait of Hormuz, a shipping chokepoint mostly controlled by Iran that is captious to the planetary lipid trade.

  Iranian overseas curate Abbas Araghchi, who has been representing Iran successful negotiations with the US, said successful an X station connected Tuesday that "Iran volition nether nary circumstances ever make a atomic weapon."

  "Our cardinal convictions are crystal clear: Iran volition nether nary circumstances ever make a atomic weapon; neither volition we Iranians ever forgo our close to harness the dividends of peaceful atomic exertion for our people," Araghchi wrote.

  Over the past fewer weeks, the US has amassed a ample armada successful the Gulf region, including 2 craft carriers and the largest aerial powerfulness buildup successful the portion since the country's 2003 penetration of Iraq.

  During his State of the Union code Tuesday night, Trump cited Iran's subject capabilities, including ballistic missiles that tin scope Europe and attempts to physique missiles that could scope the US, arsenic superior nationalist information concerns.

  "I volition ne'er hesitate to face threats to America wherever we must," Trump said Tuesday night. "We wiped it retired [the Iranian atomic program], and they privation to commencement it up each implicit again."

  US Special Envoy Steve Witkoff and Jared Kushner, the president's son-in-law, who are starring US negotiations, are acceptable to conscionable with their Iranian counterparts successful Geneva connected Thursday successful what is seen arsenic a last-ditch effort to find a diplomatic solution.

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  Trump says Big Tech developers volition money their ain vigor usage nether caller 'ratepayer extortion pledge'

  During his State of the Union code connected Tuesday night, President Trump said large tech companies volition beryllium required to money their ain energy usage nether a caller "ratepayer extortion pledge" helium negotiated with the Big Tech industry.

  "We person an aged grid, and an magnitude of vigor that’s ne'er been needed before," Trump said. Americans, helium noted successful his comments, are acrophobic that “energy request from AI information centers could thrust up their energy inferior bills."

  According to estimates from the Lawrence Berkeley National Laboratory, powerfulness request from US information centers doubled betwixt 2018 and 2024 and could triple by 2028.

  President Trump promised to chopped energy bills by fractional connected the run trail, but prices person alternatively surged passim his 2nd word connected the backmost of the increasing AI industry. The mean retail terms for energy reached 17.24 cents per kilowatt-hour successful December, astir 6% higher than the aforesaid clip the twelvemonth prior, according to information from the Energy Information Administration.

  With the administration's complaint payer extortion pledge requirements, Trump said, "No prices volition spell up, and successful galore cases vigor prices volition spell down for communities."

  A federally funded survey published successful December noted that adding caller customers, specified arsenic tech companies, onto the grid tin little prices if determination is excess powerfulness capableness connected the market.

  The White House is besides pressuring PJM Interconnection, the largest powerfulness grid operator, to clasp an exigency auction wherever tech companies would beryllium capable to bid for semipermanent powerfulness agreements to power costs.

  In the work portion for PJM Interconnection, the country's largest grid operator, capableness prices — the terms utilities indispensable wage to generators for energy — person exploded, rising to $329.17 per megawatt-day for the 2026-2027 play from $28.92 successful the 2024-2025 period.

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  Trump slams Supreme Court's 'unfortunate involvement' successful tariffs, says the duties aren't going anywhere

  President Trump connected Tuesday nighttime offered different beardown defence of tariffs during the State of the Union and proclaimed that "the deals are each done" with nary changes successful the offing, adjacent arsenic helium pilloried "an unfortunate ruling from the United States Supreme Court."

  The highly anticipated infinitesimal saw the president code the contented and condemn "the Supreme Court's unfortunate involvement" arsenic 4 justices successful attendance sat motionless a fewer feet away.

  The president besides claimed that legislature enactment volition not beryllium indispensable to support his tariffs successful unit and adjacent claimed that the duties would yet “substantially regenerate the modern-day strategy of income tax, taking a large fiscal load disconnected the radical that I love."

  Trump again overstated the effects of tariffs. Tariffs person really been bringing successful lone a tiny fraction of income taxation gross truthful acold — astir $30 cardinal a period successful caller months. It was different forceful defence of Trump's cardinal economical policy, adjacent arsenic his nationalist enactment connected tariffs has been ebbing.

  Lawmakers' absorption successful the country was mixed, aft bipartisan votes successful some chambers person rebuked Trump's tariffs and Democrats are already pledging to artifact an hold of the caller Section 122 tariffs erstwhile they travel up for legislature reappraisal successful 150 days.

  The skepticism is besides evident among voters. Some polls amusement Americans opposed to Trump's tariffs by a astir 2-to-1 margin. Just this week, a caller ABC News/Washington Post/Ipsos canvass recovered that 64% of Americans disapprove of Trump's handling of tariffs, portion lone 34% approve.