Stocks Rally as US Economic Strength Outweighs Iran War Concerns

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today as US economic strength outweighs Iran war concerns.  Signs of economic resilience and cooling inflationary pressures are lifting stocks today.  The US labor market continues to grow after the Feb ADP employment report showed employers added more jobs than expected.  Also, the US service economy expanded at the fastest pace in 3.5 years last month, while service price pressures fell to an 11-month low.Dear Costco Stock Fans, Mark Your Calendars for March 5SanDisk Stock Forecast: Can the Rally Continue Into 2026?Dear Broadcom Stock Fans, Mark Your Calendars for March 4Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Stocks also have support on a report that Iran made indirect contact with the US to negotiate an end to the war, boosting hopes that the conflict could end sooner than expected.  The NY Times reported that operatives from Iran’s Ministry of Intelligence used backchannels to contact the CIA a day after US-Israeli attacks began. However, Iran’s semi-official Tasnim news agency called the report “pure falsehood and psychological warfare.”Stock gains are limited amid heightened global trade tensions after Treasury Secretary Scott Bessent said proposed 15% tariffs on goods imported into the US may take effect this week.Crude oil prices fell from sharp overnight gains and are little changed on the NY Times report that said Iranian operatives made an offer to the US to discuss terms for ending the conflict.  Crude prices remained lower even after Iran denied the report.  Crude oil prices were also undercut by carryover from Tuesday, when President Trump said the US will ensure the free flow of energy through the Strait of Hormuz with insurance guarantees and even naval escorts.However, the Strait of Hormuz remains closed after Iran’s Islamic Revolutionary Guard Corps said that “we will set fire to any ship attempting to pass through” the strait, which runs along Iran's coast and handles a fifth of the world's oil.  The closure of the Strait of Hormuz has forced Iraq, OPEC's second-largest producer, to shut down oil production at its largest oil fields in Rumalia as storage tanks fill up.  Also, Kayrros reported today that four of six tanks at Saudi Arabia’s Ras Tanura refinery were full, and the Ju’aymah terminal on the country’s east coast is quickly running out of spare capacity.  Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,845.00 +9.75 (+0.14%)Dow Futures48,085.00 +102.00 (+0.21%)Nasdaq Futures25,098.50 +49.00 (+0.20%)Russell 2000 Futures2,598.70 +12.30 (+0.48%)VIX23.75 +2.60 (+12.29%)Gold5,139.70 +61.00 (+1.20%)Trending tickersMRVL Marvell Technology, Inc. 75.68 -2.41 (-3.09%)COST Costco Wholesale Corporation 982.57 -24.17 (-2.40%)GE GE Aerospace 326.99 -12.82 (-3.77%)GAP The Gap, Inc. 27.20 -0.54 (-1.95%)IOT Samsara Inc. 29.58 +0.89 (+3.10%)PortfolioSign in to access your portfolioSign inTop gainersSOC Sable Offshore Corp. 13.85 +3.76 (+37.26%)TNGX Tango Therapeutics, Inc. 16.83 +4.48 (+36.28%)TTD The Trade Desk, Inc. 29.79 +4.62 (+18.36%)EXPE Expedia Group, Inc. 251.54 +30.29 (+13.69%)UNF UniFirst Corporation 262.76 +31.50 (+13.62%)Top losersAEO American Eagle Outfitters, Inc. 19.33 -3.12 (-13.90%)HYMC Hycroft Mining Holding Corporation 41.06 -6.61 (-13.86%)IE Ivanhoe Electric Inc. 13.64 -2.02 (-12.90%)CIEN Ciena Corporation 299.30 -44.25 (-12.88%)IESC IES Holdings, Inc. 426.01 -61.76 (-12.66%)Most activeNVDA NVIDIA Corporation 183.34 +0.30 (+0.16%)AAL American Airlines Group Inc. 11.79 -0.67 (-5.38%)PLUG Plug Power Inc. 2.2900 -0.1900 (-7.66%)ONDS Ondas Inc. 10.49 -0.02 (-0.19%)TTD The Trade Desk, Inc. 29.79 +4.62 (+18.36%)Top economic eventsEarnings eventsMy earnings eventsEarnings events