Stock Movers Closing Bell: Coinbase Rallies, Ross Stores Climbs, Apple Slips
Mar 4, 2026
Coverage of a surge in Coinbase shares after a reported private meeting between President Trump and the company CEO. Breakdown of Ross Stores’ strong same-store sales and upbeat spring outlook. Look at Apple’s launch of an affordable MacBook variant and the muted investor reaction. Updates on earnings beats, settlements and an early DOJ probe shaping market movers.
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Trump Meeting Sparks Coinbase Rally
- Coinbase jumped ~14% after reports President Trump met privately with CEO Brian Armstrong and later pushed a pro-crypto market-structure agenda on social media.
- The meeting's details were unclear, but Trump's public support sparked broad crypto stock gains including Strategy and Circle.
Okta Beats But Stock Falls On Guidance Reaction
- Okta beat Q4 adjusted EPS and revenue expectations and issued fiscal 2027 guidance slightly above Street EPS estimates but stock traded down ~2.5% into aftermarket.
- Management guided FY27 revenue $3.17–3.19B and adjusted EPS $3.74–3.82 versus street EPS ~3.66.
Moderna Rally After $950M Settlement
- Moderna soared ~16% after agreeing to pay $950 million to settle litigation over COVID vaccine delivery technology with Genavant/Roivant and Arbutus.
- The settlement removed a major financial litigation risk, fueling investor re-entry despite heavy short interest earlier in the year.