Inflation due to oil prices
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Nasdaq in lead as stocks continue to rise despite Middle East conflict
Yahoo Finance· 2026-03-04 18:42
Market Overview - US stock indices opened higher, with Nasdaq leading the gains at 0.8%, followed by S&P 500 at 0.4% and Dow at 0.2% [2] - Coinbase was the top riser on the S&P, increasing by 11.4% as bitcoin rebounded [2] Company Movements - Robinhood Markets saw an increase of 8%, along with other companies like Applovin, Arista, Datadog, Western Digital, and Seagate Technology experiencing gains [3] - Executives from US defense groups, including Lockheed Martin and RTX, were summoned to the White House to discuss increasing production of missiles and weaponry [4] Economic Context - US Treasury Secretary Scott Bessent reiterated the commitment to assist oil shipments in the Gulf region amid ongoing conflicts [3] - President Trump announced that the US would provide risk insurance and potential naval escorts for tankers in the Persian Gulf to restore crude oil flows [8]