With February jobs report on deck, economists expect steady gains to continue

Here's a summary of the DailyEdge by TradeZero:

S&P 500

• 6,830.71, down 38.79 (0.56%)

Dow Jones

• 47,954.74, down 784.67 (1.61%)

NASDAQ

• 22,748.99, down 58.50 (0.26%)

Market close: March 5, 2026

Breaking News

• Economists expect steady gains for February jobs report.
• Anticipate 55,000 new positions in February, down from January but better than 2025 average.
• Unemployment rate expected to hold steady at 4.3%.
• January's payroll growth was 130,000 jobs, mainly in healthcare and social assistance.

EdgeUp

• Corning stock slides: Down 4.4% after Broadcom warned AI racks would favor copper longer than optical networking.
• Booking Holdings stock jumps: Up 11% as OpenAI cools plans for shopping checkout within ChatGPT, benefiting marketplaces like Booking.com and Expedia.
• Marvell projects strong fiscal 2028 revenue: Shares surge 11% on robust demand for custom chips and interconnect solutions in AI data centers.
• Costco’s stock chart sees bullish golden cross: First in 3 years, confirming its rally driven by strong sales growth amidst demand for discounted goods.
• Trade Desk’s stock soars: Following reports of a potential OpenAI partnership for selling ads, providing a welcome rally after a six-year low.
• Gap stock tumbles on Q4 earnings: Double miss overshadows a $1 billion buyback; net sales increased 2% with 5% online sales growth.

Friday Fact

• In the 1960s, average stock holding period on NYSE was over 8 years.
• Today, it's around 5–6 months, with some trades lasting seconds, indicating market acceleration.

Top 5 Movers In Early Pre-Market

• IBG: +80.00%
• CRE: +64.50%
• TURB: +45.36%
• BATL: +26.37%
• OMDA: +21.77%

Today’s Economic Dates

• 8:30 AM ET: U.S. employment report (Feb.)
• 8:30 AM ET: U.S. unemployment rate (Feb.)
• 8:30 AM ET: U.S. hourly wages (Feb.)

Yesterday's Biggest Movers

• TURB: Turbo Energy, S.A. +79.76% (no notable news)
• ALTO: Alto Ingredients, Inc. +54.62% (no notable news)
• PMT: CPI Card Group Inc. +41.25% (no notable news)

Today’s Notable Earnings

• COHN (Cohen & Co): Q4 2025 (Before Market Open) Estimate: N/A, Actual: N/A
• IMPP (Imperial Ptrl): Q4 2025 (Before Market Open) Estimate: 0.340, Actual: N/A
• EMBJ (Embraer): Q4 2025 (Before Market Open) Estimate: 0.170, Actual: N/A