Traders in the S&P options pit at Cboe Global Markets were met with cautious optimism as stock futures remained relatively stable on Wednesday evening after major indices posted gains in the previous trading session. Futures linked to the Dow Jones Industrial Average dipped by 16 points, or 0.03%, while both S&P 500 and Nasdaq 100 futures saw slight increases of approximately 0.1%.
The stock market experienced a rebound during regular trading hours on Wednesday, aided by strong performances from technology and semiconductor sectors. The Dow surged by 238 points, or 0.5%, marking an end to a three-day slump. Meanwhile, the S&P 500 rose by 0.8%, and the tech-heavy Nasdaq Composite recorded a notable gain of 1.3%. Nvidia’s stock increased by over 1%, with other chipmakers like Broadcom, Micron Technology, Advanced Micro Devices, and Intel also witnessing upward trends. Only sectors such as consumer staples, energy, and materials recorded losses on the day.
“The situation is evolving; while we face geopolitical tensions, we are still analyzing how this might influence equity risk premiums,” stated Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities, during a segment on CNBC’s “Closing Bell: Overtime.” She cautioned that the market may be adjusting to a new reality as the benefits of a low interest rate environment begin to wane.
In the commodities market, oil prices stabilized after a recent spike, with U.S. West Texas Intermediate crude futures settling up 0.13%. International benchmark Brent crude futures closed unchanged, as fears of disruptions to oil and gas supplies in the region eased. This optimism followed President Donald Trump’s announcement that the U.S. is preparing to provide risk insurance and escort services for ships in the Persian Gulf, ensuring safe passage through the Strait of Hormuz-a vital conduit responsible for approximately 20% of global oil supply. However, the White House did not specify a timeline for when the waters would be deemed safe for oil tankers.
During a briefing with reporters, Defense Secretary Pete Hegseth asserted that the U.S. is “winning decisively” in the ongoing conflict with Iran, with additional military resources being deployed to the area. In another development, Treasury Secretary Scott Bessent disclosed that Trump’s anticipated 15% global tariff is likely to take effect this week, further influencing market dynamics ahead.
Investors are looking ahead to earnings reports from major retailers, including Kroger, Burlington, and BJ’s Wholesale, set to be released on Thursday morning. Additionally, Costco and Marvell Technology will announce their earnings after the market closes. On the economic front, weekly jobless claims data is also scheduled for release on Thursday, which could provide further insights into the health of the labor market amid ongoing uncertainties.
As geopolitical tensions unfold and market dynamics shift, market participants remain poised, weighing various factors that could influence both short and long-term investment strategies.
Original Source: https://www.cnbc.com/2026/03/04/stock-market-today-live-updates-iran-war.html
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Publish Date: 2026-03-05 05:08:00
