Web Trader MT5 
U.S. stocks advanced on Wednesday, extending the prior session’s late rebound as easing oil prices and upbeat economic data helped calm fears about geopolitical risks and a potential slowdown in U.S. growth. The Dow Jones Industrial Average rose 0.68% to 48,749, while the S&P 500 gained nearly 1%, and the Nasdaq 100 climbed 1.7%. Technology shares led the rally, with chipmakers such as Micron Technology and Advanced Micro Devices jumping more than 5%.
Investor sentiment was supported by stronger-than-expected February private payrolls data from ADP and solid growth in the U.S. nonmanufacturing sector, alongside signs of easing inflation pressures. U.S. labor data showed private employers added 63,000 jobs in February, exceeding expectations of 48,000 and improving from January’s downwardly revised 11,000. However, much of the job growth was concentrated in just two sectors, suggesting underlying labor market momentum remains uneven.
At the same time, oil prices cooled after recent surges tied to tensions around the Strait of Hormuz, with Brent crude ending flat and WTI edging slightly higher. The pullback followed remarks from Treasury Secretary Scott Bessent and President Donald Trump outlining measures to support oil flows through the Persian Gulf, including risk insurance for maritime trade. However, in early trading today, oil resumed its bullish movement as Brent rose 2.3% revisiting the $83 level, and WTI added 2% reaching a high od $77 per barrel.
President Donald Trump has formally nominated Kevin Warsh to serve as the next Chair of the Federal Reserve. If confirmed by the Senate, Warsh would succeed current Chair Jerome Powell whose term ends in May.
The nomination was officially transmitted to the Senate on Wednesday, more than a month after Trump first publicly indicated his intention to appoint Warsh to lead the central bank.
And in the crypto market, Bitcoin climbed above $70,000 on Wednesday for the first time in more than two weeks, rising nearly 5% to $74,000. The rally comes amid escalating geopolitical tensions in the Middle East, with increased inflows into spot Bitcoin ETFs fueling momentum.
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