Tonight, it surged dramatically.

【Introduction】Emotional Recovery, Tech Stocks Surge

Brothers and sisters, good news tonight: the stock market has surged. If nothing unexpected happens overnight, everyone should avoid losing money on Thursday!

Global Stock Market Rebounds, Tech Stocks Soar

On the evening of March 4th, global stock markets recovered. Data shows that the U.S. service sector economy expanded at the fastest pace since mid-2022, while the price index hit a nearly one-year low, prompting a rebound in U.S. stocks. Tech giants led the rally, with the Nasdaq 100 index rising over 1%. Due to traders analyzing conflicting signals regarding the Iran conflict, oil prices fell below $75.

The Dow Jones Industrial Average rose over 300 points, the Nasdaq index increased about 1.5%, and the S&P 500 rose about 1%.

Tech stocks collectively surged.

In Europe, there was also a significant rebound.

Oil prices slightly declined, while spot gold and silver prices increased.

Goldman Sachs strategists stated that investors should view any pullback in the stock market as a buying opportunity rather than a sign of a bear market beginning. Despite concerns over risks from Middle Eastern conflicts and the disruptive impact of artificial intelligence, the potential economic resilience and strong earnings growth suggest that the depth and scope of any correction will be limited.

Additionally, the Chinese concept stock index rose over 1%.

Latest News on Iran Conflict

On the evening of March 4th, the following news regarding the Iran conflict impacted capital markets.

First, Iran denied reports that its intelligence agency had contacted the U.S. to discuss ending Middle Eastern warfare.

There were reports that Iranian agents indirectly contacted the CIA on Sunday to discuss terms for ending the conflict. According to semi-official Tasnim News Agency, citing sources within the agency, this was “purely a lie and psychological warfare.”

Following this denial, the stock market briefly plummeted, and oil prices temporarily rose. However, traders shifted their focus to the U.S. plans to escort oil tankers through the Strait of Hormuz by the Navy, causing oil prices to quickly fall back, and the stock market experienced a sharp “V” shape recovery.

Second, Western officials believe Iran has the capability to carry out continuous missile and drone attacks on Gulf countries for several days.

According to their assessments, since the U.S. and Israel successfully struck Iran’s large weapons depots, and Iran may retain some stockpiles to prolong the conflict, the frequency of Iranian ballistic missile attacks has begun to slow.

Officials also stated that, due to the U.S. and its allies consuming large quantities of Patriot missile systems and other reserves, defensive weapons to protect Gulf countries from Iranian attacks have decreased.

Third, U.S. Secretary of the Treasury Janet Yellen announced that the U.S. will issue “a series of announcements” to support the flow of oil in the Persian Gulf. Previously, Trump stated that the U.S. would provide risk insurance for all shipping through the Gulf, aiming to restore tanker passage through the Strait of Hormuz.

After Yellen’s speech, the surge in oil prices began to weaken.

Fourth, U.S. Secretary of Defense indicated that the U.S. and Israel expect to gain “full control of Iranian airspace” within a few days.