US stocks close up on Iran diplomacy hopes; tech leads rebound
By Sabrina Valle and Johann M Cherian
Wed March 4, 2026
A day after the great flight to the exits, all three indexes shot straight up right out the gate and stayed there all day once again enjoying nice 3-digit gains that recovered a good deal of yesterday’s lost ground. The catalyst today was the dual punch of Iranian operatives reaching out to the CIA for possible talks and Trump ordering naval escorts for tankers in the Strait of Hormuz.
This renewed optimism that this may be a short-term crisis and gave the markets hope that oil disruption may not be too serious. Today’s consensus is that if the war is indeed short, everything will be fine with the market and economy. But if the war is prolonged, then still more volatility is in our future. The good economic news today was that private payrolls increased more than expected showing further resilience in the labor market. Volume came in at 22.1 billion, still well above the 20.1 average.
DJ: 48,501.27 -403.51 NAS: 22,516.69
-232.17 S&P: 6,816.63
-64.99 3/3
DJ: 48,739.41 +238.14 NAS: 22,807.48
+290.79 S&P: 6,869.50
+52.87 3/4
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