Today: 4 March 2026
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Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin fell as much as 7.5% in 24 hours, dropping below $71,000 in Asian trading Thursday. The broader crypto market lost $467.6 billion in value since Jan. 29, CoinGecko said. Over $700 million in leveraged crypto bets were liquidated in the past day, according to CoinGlass. The declines followed a sharp selloff in global tech stocks.
5 February 2026
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Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero share price steadies after 16% rout as investors weigh AI pitch and Melio timeline

Xero shares closed up 1.6% at A$82.09 Thursday, recovering some ground after a 15.9% plunge Wednesday. The rebound followed Xero’s announcement of its AI roadmap and U.S. payments push with Melio. Investors are watching if gains hold ahead of Xero’s May 14 earnings. Australia’s tech sector saw sharp declines this week amid concerns over AI’s impact on software firms.
5 February 2026
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Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal stock jumps 7% after earnings beat and outlook raise puts KMT share price back in play

Kennametal shares rose 7.5% Wednesday after the company raised its full-year outlook and reported a 10% jump in quarterly sales to $530 million. The toolmaker credited early customer purchases ahead of tungsten price hikes. Adjusted EPS reached 47 cents, beating analyst estimates. Year-to-date free cash flow fell to $38 million from $57 million.
4 February 2026
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Sunrun stock jumps 12% as RUN touts record growth in “distributed power plant” programs

Sunrun stock jumps 12% as RUN touts record growth in “distributed power plant” programs

Sunrun shares jumped 12.2% to $20.72 Wednesday after the company reported a fivefold increase in customer participation for its battery grid-services programs in 2025. Over 106,000 customers are now enrolled, with nearly 18 gigawatt-hours dispatched. Trading volume reached 12 million shares by mid-afternoon. Investors await Sunrun’s earnings report on Feb. 26 for updates on cash flow and guidance.
4 February 2026
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Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

Why ESAB stock is jumping today: Eddyfi deal digested, early numbers set the tone

ESAB Corp shares surged 7.4% to $126.62 Wednesday, rebounding after a $1.45 billion deal to acquire Eddyfi Technologies. The company expects Eddyfi to add $270 million in 2026 revenue and plans to finance the purchase with cash, debt, and $318 million in equity. JPMorgan cut its price target to $130 but kept an “Overweight” rating. ESAB’s Q4 revenue guidance is $720–$722 million, with adjusted EPS of $1.34–$1.36.
4 February 2026
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Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend

Old Dominion Freight Line shares jumped 8.8% to $206.38 Wednesday after the company beat quarterly earnings estimates and raised its dividend. Fourth-quarter LTL tons per day fell 10.7%, but revenue per hundredweight rose 4.9% excluding fuel. Revenue dropped 5.7% to $1.31 billion, while the operating ratio worsened to 76.7%. The board set the new quarterly dividend at 29 cents per share.
4 February 2026
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Super Micro (SMCI) stock jumps 10% as chip rally and options expiry collide

Super Micro stock jumps as SMCI lifts 2026 sales view, but margin squeeze shows up

Super Micro Computer shares surged 13% to $33.62 Wednesday after the company raised its fiscal 2026 net sales outlook to at least $40 billion and posted strong quarterly revenue. Gross margin fell to 6.3% from 9.3% last quarter, highlighting profitability pressures. Trading volume topped 101 million shares. The company cited robust demand for AI-optimized servers but flagged ongoing supply-chain and cost challenges.
4 February 2026
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Bitcoin sinks to 15-month low as a global selloff drags crypto deeper into the red

Bitcoin sinks to 15-month low as a global selloff drags crypto deeper into the red

Bitcoin fell to a 15-month low near $72,000 Wednesday amid a broad selloff, with the Nasdaq 100 down over 2%. Crypto market value dropped by $467.6 billion since Jan. 29, and $2.56 billion in bitcoin positions were liquidated in recent days. Crypto-linked stocks such as Coinbase and Gemini lost at least 15% over five sessions. Bitcoin later traded near $76,400 as some buyers returned.
4 February 2026
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Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings stock jumps 10% as ACT rallies on fresh buyback plan and earnings

Enact Holdings’ stock surged 10.5% to $44.58 after its board approved a new $500 million share repurchase plan, adding to an existing $350 million program. The company reported Q4 net income of $177 million and said it will maintain its $0.21 dividend, payable March 19. Genworth Holdings, which owns 81% of Enact, will sell shares back in proportion to open-market buybacks. The S&P 500 ETF fell 0.2%.
4 February 2026
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Eli Lilly stock jumps as 2026 forecast beats estimates on Zepbound, Mounjaro demand

Eli Lilly stock jumps as 2026 forecast beats estimates on Zepbound, Mounjaro demand

Eli Lilly shares surged about 9% Wednesday after reporting a 43% jump in quarterly revenue to $19.3 billion and issuing a bullish 2026 outlook. Mounjaro and Zepbound drove results, but executives warned pricing will weigh on future growth. Investors await the FDA’s April decision on Lilly’s oral obesity drug. The stock’s rally contrasted with declines in major indexes.
4 February 2026
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Lear stock jumps 11% as Q4 results, 2026 cash-flow guide put buybacks back in focus

Lear stock jumps 11% as Q4 results, 2026 cash-flow guide put buybacks back in focus

Lear Corp shares surged 11% to $132.94 after posting a 5% rise in Q4 revenue to $6.0 billion and raising its 2026 outlook. Adjusted EPS climbed to $3.41, but free cash flow fell to $281 million. The company projects 2026 sales of up to $24.01 billion and free cash flow up to $650 million. Other auto-parts stocks also rallied, with Adient up nearly 12%.
4 February 2026
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Pizza Hut to Close 250 U.S. Stores as Yum’s ‘Hut Forward’ Reset Kicks In

Pizza Hut to Close 250 U.S. Stores as Yum’s ‘Hut Forward’ Reset Kicks In

Yum Brands will close about 250 underperforming Pizza Hut locations in the U.S. by mid-2026 as part of its “Hut Forward” turnaround plan. Pizza Hut’s U.S. same-store sales dropped 3% in the fourth quarter and 5% for 2025. Executives said the strategic review could lead to a sale of the chain. Pizza Hut ended 2025 with 19,974 global locations, down from 20,225 a year earlier.
4 February 2026
Carlisle stock jumps 11% after earnings beat and $1 billion buyback plan

Carlisle stock jumps 11% after earnings beat and $1 billion buyback plan

Carlisle Companies’ shares rose 10.7% to $394 after beating Q4 profit estimates and forecasting low single-digit revenue growth with a 0.50-point margin boost for 2026. Management expects a weak first quarter and flat second quarter, but stronger results in the second half. Q4 revenue was $1.13 billion; adjusted EPS fell to $3.90 from $4.47. The company announced up to $1 billion in buybacks for 2026.
4 February 2026
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