Tech company recovery rally and volatile oil: results of the fifth day of war with Iran

U.S. stocks rose sharply on Wednesday, March 4, continuing the recovery that began at the end of the previous session. The market was led by technology companies. The rally was also helped by the easing of investors' fears of a slowdown in economic growth in the U.S., thanks to fresh data on private sector employment and growth in the U.S. service sector.

- The S&P 500 broad market index added 0.8% on March 4, putting it in the plus column for the three trading sessions this week despite the war in Iran.

- The Nasdaq Composite Technology Sector Index jumped 1.3 percent.

- The blue-chip index Dow Jones Industrial Average rose 0.5% on the day.

- The Russell 2000 index of small-capitalization stocks rose 1.1%.

- Brent and WTI crude oil futures were declining mid-day but rose 0.32% and 0.96% respectively by the close.

- Gold rose 0.5% to $5,148 an ounce.

- The dollar fell 0.26% against other currencies after rising in the previous days since the start of the military operation against Iran.

- The CBOE VIX Volatility Index, also called the Wall Street Fear Index, lost 9.1% for the day. It closed at 21.4 points. The psychologically important level indicating high market volatility is 20 points.

- Bitcoin jumped 7.5 percent to $73,100 per token.

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This article was AI-translated and verified by a human editor