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March 4 Post-Market Earnings Release Stocks
(AVGO) Broadcom posted Q1 revenue of $19.31 billion and earnings of $2.05 per share, exceeding estimates. Q2 revenue is expected around $22 billion, fueled by strong AI chip demand.
(STEM) STEM, Inc. posted fiscal 2025 revenue of $156.3 million, an 8% rise from last year, driven by service growth. The company reported a GAAP net income of $137.8 million, reversing a $854.0 million loss.
(RGTI) Rigetti Computing, Inc. has obtained about $5.7 million in orders for two Novera quantum systems and its first Novera QPU order from a Japanese research group.
Newsquawk Daily US Opening News – 5th March 2026
Source: Try Newsquawk free for 7 days and see the full detailed report
Forex Market Snapshot
The dollar is trading generally firmer but off its highs of just a short while ago in a mini replay of yesterday’s headline driven day.
AUD, followed by the NZD and GBP are underperformers. There is no standout outperformer (CAD and CHF are about flat) in a market where the reaction to news more than the news itself is driving markets. In this regard, the reaction to the latest glimmer of hope headline has been more modest than to the head scratching response to the NYT article yesterday.
Challenger layoffs and weekly jobless claims data highlight another headline watching day.
NZDUSD(1HR)
The New Zealand dollar edged up to $0.586 but remained close to its lowest level in six weeks, as mounting conflict in the Middle East kept investors cautious. The kiwi dollar recovered and held at $0.5940, rising 0.9% overnight
Major support lies at $0.5837, with resistance at $0.5954 and $0.6012.
AUDUSD(1HR)
The Aussie was up at $0.7078, having bounced 0.6% overnight and away from a low of $0.6985. Current events and news have been causing the pair to dive as deep as $0.6945 to as high as $0.7122 so far this week, and more volatility looks likely. However, the supports and resistances are still intact and the pair is still following the rules from the previous month’s lows and highs.
Data showed Australian household spending rose only a modest 0.3% in January, after a 0.5% drop the month before, suggesting consumer demand had lost some momentum.
Bitcoin’s bullish momentum accelerates but topping $78K remains a challenge
Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains.
Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing.
Traders face a psychological hurdle at $76,000, the average cost basis for major corporate holders like Strategy.
Bitcoin (BTC) surged to a four-week high on Wednesday, potentially clearing a path for a recovery toward the $78,700 monthly close recorded in January. Despite a 22% rally from the $60,000 local bottom on Feb. 6, several onchain and derivatives metrics suggest bears remain comfortable.
Gold Inches Up as Flow Out of Dubai Interrupted
Gold futures close higher, with flights out of gold hub Dubai mostly halted due to the fighting in the Middle East. Because of how much gold moves through the country, some analysts think that gold may start to reflect increased costs. “Material can of course be sourced from elsewhere, but I would expect that to come at a price as we would be looking at a seller’s market,” says Rhona O’Connell of StoneX in a note. Flights are mostly stopped around Dubai due to attacks from Iran. Front-month gold futures settled up 0.3% to $5,120.20 a troy ounce.
Gold Technicals
WTI has been climbing, rising from USD 74.50 – 76.20 over the last hour
CRUDE WRAP: WTI (J6) SETTLES USD 0.10 HIGHER AT USD 74.66/BBL; BRENT (K6) SETTLES USD 0.00 HIGHER AT USD 81.40/BBL
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