February 5, 2026 — Initial jobless claims rose to 268,000, the highest in nearly two months, according to the Department of Labor, seasonally adjusted. This follows a 253,000 report for the prior week, exceeding expectations. The four-week moving average, a key indicator of labor market trends, was 258,250, up 5,000 from 253,250 in the prior week.

The increase reflects ongoing pressure on the labor market and may prompt further Fed policy considerations, with the central bank's next meeting scheduled for February 20–21, 2026.

Phibro Animal Health (PHIB) shares jumped on strong second-quarter results and a revised revenue outlook. The company reported Q2 revenue of $312 million, a 12% increase from $279 million in the same period last year, driven by higher sales in its equine and companion animal segments. Management raised full-year 2026 revenue guidance to a range of $1.18B-$1.22B from $1.12B-$1.16B, citing improved demand and pricing. The stock closed at $47.25, up 14.5% on the day.

December job openings fell to 5.0 million, the lowest since December 2021, according to the ADP National Employment Report released February 5, 2026. The decline of 205,000 exceeded economists' expectations, signaling cooling labor market demand. The non-farm payrolls report for January is scheduled for February 6, 2026, and preliminary figures are expected to be released on February 7, 2026.

Bitcoin has fallen behind the S&P 500, Nasdaq 100, and gold over the past five years, according to Bloomberg data. Since early 2021, Bitcoin’s return of roughly 73% trails gold’s 164%, the Nasdaq 100’s 82%, and the S&P 500’s 75%. As of February 5, 2026, at 10:55 a.m. EST, Bitcoin was down about 7%, with year-to-date declines approaching 30%.

The outperformance narrative is eroding as selling pressure intensifies. Gold remains a favored reserve asset, and retail outflows have offset inflows following the introduction of spot ETFs. “Bitcoin’s claim as a store of value and portfolio hedge has been eroded,” said Joshua Lim, global co-head of markets at crypto prime broker FalconX. “Gold is the favored reserve asset for sovereign actors and even for crypto-native stockpilers like Tether.”

Gemini Space Station, the cryptocurrency exchange founded by the Winklevoss twins, announced it will cut up to 200 global jobs and operate only in the U.S. and Singapore, part of a broader cost-reduction plan. Layoffs will impact teams in Europe, the U.S., and Singapore, with the company expected to substantially complete the reductions and wind down operations in the UK and the rest of the EU, other European jurisdictions, and Australia by the first half of 2026, subject to local legal requirements. The restructuring is expected to generate about $11 million in pre-tax charges, largely cash, in the first quarter, covering severance, notice pay, facility exit costs, contract terminations, and professional fees. The company's shares fell about 6% in early trading, closing roughly 73.8% below the $28 IPO offer price from September.

Bitcoin (BTC-USD) fell to $67,073 on February 03, 2026, its lowest since 2024, amid renewed selling after Treasury Secretary Scott Bessent said the U.S. government lacks authority to buy or bail out cryptocurrencies. The broader sell-off in global markets and a warning from Michael Burry that a prolonged decline could trigger a death spiral pressured digital assets further.

Ether (ETH-USD) and other altcoins also declined. Year-to-date, bitcoin is down nearly 20%, marking its fourth consecutive month of losses. Flow and positioning data suggest investors are deleveraging rather than buying the dip, with 10X Research cautioning sentiment has shifted meaningfully and a clear catalyst is lacking.

Fundstrat head of digital assets Sean Farrell notes the mid-$70,000 region as key support, but warns positioning risk in traditional markets could adversely affect crypto prices.

Insight Enterprises (ITSG) updated guidance on February 5, 2026, indicating adjusted EPS for fiscal 2026 will be in line with Wall Street estimates, reflecting stable revenue growth and controlled expenses.

The company projects FY26 revenue of $10.8 billion, a 3.5% increase from the prior-year period, with operating margins expected to remain stable at 10.2% to 10.4%. Management cited strong e-commerce demand and continued focus on supply chain efficiency as drivers of the revised outlook.

ITSG shares closed at $42.35 on February 5, 2026, with a year-to-date gain of 2.8%, reflecting cautious optimism ahead of the earnings report.

Aether Holdings (AYH) announced the acquisition of PublicView.ai (PVAI) for an undisclosed sum, effective February 15, 2026. The move expands AYH's capabilities in data analytics and audience insights, integrating PVAI's platform into its portfolio to enhance targeting and measurement for digital campaigns.

Key terms: Undisclosed, effective February 15, 2026. Background: PVAI provides audience measurement and ad verification services, critical for improving campaign accuracy and compliance in digital advertising.

Bharti Airtel (AIRL) reported strong results for Q3 FY26, posting revenue growth of 21% year-over-year to ₹1.78 trillion (USD 23.4 billion) and a 17% rise in net profit to ₹14.7 billion. The telecom giant attributed the gains to higher data and messaging revenues, as well as improved operational efficiency. The results follow a strategic shift toward digital services and 5G expansion, which accounted for 45% of its revenue in the quarter.

Alphabet (GOOGL, GOOG) shares fell as much as 5% on February 5, 2026, after the company announced 2026 capital expenditures of $175B-$185B, more than double 2025’s $91.4B and well above the $120B estimate. The tech giant said the spending will focus on AI computing infrastructure to develop frontier models and support Cloud and Services growth.

In Q4 2025, revenue rose 18% to $113.8B, beating $111.4B estimates; EPS reached $2.82 from $2.15 YoY. Google Cloud revenue climbed 48% to $17.7B, and Google Services revenue increased 14% to $95.9B. CFO Anat Ashkenazi stressed the spending maintains financial health, and CEO Sundar Pichai highlighted momentum in Gemini AI and the Gemini app with over 750 million MAUs.

The broader Magnificent Seven group fell about 5% over the period, while Alphabet’s spending and product launches have driven recent gains. RBC analyst Brad Erickson said the higher spend is warranted by strong Q4 performance and AI momentum.

A major ransomware attack on Conduent on January 20, 2025, is expanding the number of affected individuals. Initially reported to impact 4 million Texans, the breach now appears to reach at least 15.4 million in Texas alone, about half the state’s population, and an additional 10.5 million in Oregon. Notifications have also been issued in Delaware, Massachusetts, New Hampshire, and other states.

Data stolen includes names, Social Security numbers, medical records, and health insurance information. Conduent, a leading government and corporate data processing services provider, serves over 100 million people through various healthcare programs. The hack, attributed to the ransomware gang Safeway, is reported to have stolen over 8 terabytes of data.

Conduent has not disclosed the total number of notifications issued and confirmed no immediate impact on over 100 million users. The company is continuing to notify affected individuals, with a plan to complete by early 2026.

Bitcoin fell below $67,000 on February 5, 2026, to $66,753, per CoinGecko, erasing all gains since shortly after Donald Trump's election win in December 2024. The decline continued broader risk-off sentiment: Ethereum dropped 33% to $1,936 and Solana 30% to $84 over the past week.

On the same day, the Nasdaq fell 1.6% and the S&P 500 1.2%, according to Yahoo Finance. Analyst Carlos Guzman of GSR said weakness in tech and AI-related indices, including a 3% drop in the S&P 500 software and services index, is weighing on crypto. The release of new legal tools by Anthropic for its Cowork product has heightened concerns about AI disruption, contributing to the broader sell-off in risk assets.

Peloton Inc. (PTON-US) reported second-quarter 2026 revenue of $657 million, below consensus of $674 million, and EPS of -$0.09, wider than expected -$0.06. The decline followed weak sales of its new AI-equipped hardware and a price increase that lengthened the sales conversion period. Revenue and subscriptions both missed, and management revised third-quarter guidance to $6.05–$6.25 billion, below consensus of $6.38 billion. The stock fell 23.86% in Thursday trading, to $4.50 per share, its steepest one-day drop in over two years.

Key details: Q2 hardware revenue $244 million; subscriptions $413 million. Net loss narrowed to $38.8 million vs. $92 million in the same period. Adjusted EBITDA rose to $81.4 million, up 39% year-over-year, and the year’s adjusted EBITDA guidance was上调to $4.5–$5 billion. The company announced about 11%裁员and the CFO will leave in March.

> Note: The date in the title reflects the publication time (February 5, 2026), converted to absolute date format.

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The Nasdaq Composite, NYSE, and NYSE American have revealed their most active stocks for today, February 3, 2026. Market volatility is high, with investors showing strong interest in technology and healthcare sectors.

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Nasdaq's top active stocks include TSLA, up 2.5% at $1,020.50, and AMD, up 1.8% at $83.45. NYSE highlights include JNJ, up 1.2% at $165.25, and GOOGL, up 1.3% at $2,850.00. NYSE American's most active is BIIB, up 3.1% at $450.00. These stocks are driving significant market movements and are critical for professional investors to monitor closely.

IndianOil Corporation (INDO) reported a standalone net profit of $1.34 billion (121.26 billion rupees) for the October-December 2025 quarter, a fourfold increase from $318 million in the same period of 2024. Falling crude prices and cheaper Russian inputs more than doubled its average gross refining margin to $8.41 per barrel in April-December 2025. Fuel demand hit record levels in November and December 2025 as construction and agriculture activity rebounded post-monsoon. Looking ahead, refiners may face higher import prices for crude if India reduces its reliance on Russian oil, per terms of the U.S.-India trade deal.

SunPower (SPWR) announced the appointment of Wendell Laidley as Chief Financial Officer, effective February 15, 2026. Laidley, with over 25 years of experience in financial leadership, will oversee financial planning, risk management, and investor relations to streamline operations and support the company’s growth strategy.

The move follows a period of evolving market conditions and increasing demand for solar energy solutions, as SunPower seeks to strengthen its financial infrastructure and improve operational efficiency. Laidley’s appointment is expected to enhance the company’s capital-raising capabilities and support its expansion plans in North America and Europe.

[Para 1: The Lead]

U.S. stocks face a potential sell-off as weakness in the tech sector, a key driver of the S&P 500, continues. Major tech indices fell 2.3% on February 5, 2026, with NVIDIA and META posting the steepest declines. The broader S&P 500 was down 1.8% in late afternoon trading.

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The sell-off follows a string of weaker-than-expected earnings reports and rising interest rates. Analysts warn that ongoing macroeconomic headwinds, including higher borrowing costs and inflation concerns, could extend the pressure on growth stocks. Institutional investors are net short in tech, according to recent Cboe data, suggesting continued volatility in the sector could spread to other segments of the market.

Kodiak Gas (KGS) announced the acquisition of Distributed Power Solutions for an approximate $675 million in cash, subject to regulatory and due diligence approvals. The deal is expected to close in the second quarter of 2026.

The acquisition expands Kodiak Gas's renewable energy portfolio with Distributed Power Solutions' solar and energy storage assets, enhancing its capabilities in distributed energy resources and improving grid reliability. The stock jumped 4.5% in pre-market trading on the news.

Cummins (CMI) reported fourth-quarter revenue of $20.8B, up 10% year-over-year, driven by strong demand in commercial vehicle and engine systems. Operating income reached $1.69B, a 7% increase from the prior-year period. The company guided for 2.5% growth in full-year 2026 revenue, reflecting continued resilience in core markets and pricing power.

Supporting context: The Q4 results reflect higher-than-expected pricing realization and improved utilization of production capacity. Cummins reiterated its guidance of 4.5% to 5.5% operating income growth for 2026, maintaining a positive outlook despite macroeconomic headwinds.

Snap Inc. (NASDAQ:SNAP) will hold its Q4 2025 earnings conference call at 10:00 AM Eastern Time on February 12, 2026. The results and commentary are expected to provide updated revenue, profit, and subscriber figures for the quarter ended December 31, 2025. Investors and analysts should prepare to review guidance for Q1 2026 and discuss strategic initiatives impacting the company’s trajectory. The call will be streamed live on the company’s investor relations website and major financial news platforms.