Dow Closes Up More Than 200 Points, S&P 500 Gains as Traders Look Past Iran War
U.S. stocks rose on Wednesday, extending the late-session momentum from the previous day as oil’s recent surge cooled following fresh developments in the U.S.-Israeli war with Iran and fears of a U.S. growth scare eased.
The Dow Jones Industrial Average added about 238 points, or 0.5%. The S&P 500 gained 0.8%, while the Nasdaq Composite jumped 1.3%.
Technology shares led the advance, especially in the chip space. Micron Technology and Advanced Micro Devices (AMD) each climbed around 6%, while Broadcom and Nvidia rose about 2% apiece.
In energy markets, international benchmark Brent crude futures were hovering near flat, and U.S. WTI crude futures were also roughly unchanged—signaling that oil’s rally was losing steam and giving equities room to rebound after earlier inflation concerns.
Investor sentiment was also supported by stronger-than-expected U.S. data. ADP reported that private-sector employers added more jobs than anticipated in February. In addition, the U.S. services (non-manufacturing) sector posted better-than-expected growth last month, alongside signs that inflation pressures were easing.
Newsmaker takeaway: softer oil and resilient data helped revive risk appetite—though markets remain sensitive to geopolitical headlines and energy-flow risks in the Gulf.
Source : Newsmaker.id
