Your Evening Briefing

March 04, 2026

Stocks rebound as investors’ risk appetite resumes

The S&P 500, Nasdaq 100, and Russell 2000 rebounded as strong economic data, including a surprise jump in private sector hiring and better-than-expected growth in the US service economy, helped buoy stocks. Consumer discretionary and tech sectors led gains.

Bitcoin soared above $70,000, exceeding a key resistance area flagged by multiple analysts in recent weeks. Amid the crypto rally, solana rose after a “breakout month” for stablecoins.

Stocks that moved higher:

The return of geopolitical risk prompted a reversal in 2026 market trends, sending crypto-adjacent stocks higher, including digital asset treasury companies Strategy and Strive Inc., as well as HODLers/miners MARA Holdings and Riot Platforms; exchanges Coinbase, Robinhood Markets, and Gemini Space Station; and blockchain-centric fintech Figure Technology Solutions. (Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)
US memory stocks Micron, Sandisk, Western Digital, and Seagate Technology Holdings surged as investors bought the dip following South Korea’s meltdown.
Moderna jumped after settling a Covid vaccine patent dispute.
Nvidia gained after billionaire Tesla bull Leo KoGuan said he purchased 1 million shares and reportedly has plans to purchase another million soon.
CoreWeave jumped on an agreement with Perplexity to support its AI inference needs.
Satellite-services-from-space play AST SpaceMobile surged after receiving price-target hikes from analysts at Deutsche Bank and UBS amid the broader bounce in retail trading.
Box rose after its Q4 earnings and sales topped estimates.
Ross climbed after posting stronger-than-expected Q4 sales.
Tesla rose as Bank of America upgraded the stock to “buy” from “hold,” with a $460 price target.
Nio rose as its weekly orders climbed to the highest level of the year following new promotions.
CrowdStrike jumped after posting slightly better-than-expected Q4 results and Q1 guidance.
Bath & Body Works ticked higher after a Q4 earnings and sales beat.

Stocks that moved lower:

GitLab sank on a disappointing FY27 revenue growth forecast.
Webtoon Entertainment plunged after reporting softer-than-expected Q4 revenues and weak Q1 guidance.
Adidas dropped on a weak 2026 profit outlook.
Abercrombie & Fitch dipped after its Q1 earnings guidance came in short of estimates.

Opendoor CEO says it will offer 4.99% mortgages — even as its profit per home thins

The iBuying company is back in the mortgage business it left four years ago. Read more.

With the US on the offensive, energy stocks have shot to the top of the S&P 500 this year. What comes next?

Prices have spiked following US attacks on Venezuela and Iran. But the broadening war in the Middle East may be trickier to read. Here are some signs to watch for.

Read more.

Musk says Tesla will be one of first companies to reach AGI He also said we’d reach artificial general intelligence within two years... about two years ago.
Palantir’s ties to Anthropic reportedly under strain amid Pentagon spat
Palantir CEO Alex Karp appeared to criticize Anthropic on Tuesday without directly naming it, The Information reports.
Apple debuts $599 Google Chromebook competitor
The Neo is the cheapest MacBook ever and Apple’s first real Chromebook challenger.
The DOJ thinks that Live Nation-Ticketmaster has a monopoly on the live music industry. Could it have a point?
The landmark antitrust trial kicked off on Tuesday, though the ticketing giant maintains that it’s simply spreading joy.
Inherited homes made up almost 1 in 5 property transfers in California last year
The 18% home inheritance figure was double the rate across the rest of the country.
Fortnite returning to the Play Store worldwide after Google lowers fees and opens Android
The move represents the end to a long-running feud.
Report: Amodei told staff that Anthropic was targeted for lack of “dictator-style praise” for TrumpThe leaked internal memo from Amodei to his staff suggested that Sam Altman’s praise of Trump, and Greg Brockman’s political donations are the reason Anthropic was targeted, while OpenAI was awarded a contract.
Kraken receives approval for “master account” from the Kansas City Fed in first for crypto companies
Kraken co-CEO Arjun Sethi said this “marks the convergence of crypto infrastructure and sovereign financial rails.”
Waymos reportedly continuing to pass stopped school buses after earlier recall over same issue
Alphabet recalled its self-driving vehicles in December after numerous instances of passing stopped school buses.

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