The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.78%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.51%. March E-mini S&P futures (ESH26) rose +0.77%, and March E-mini Nasdaq futures (NQH26) rose +1.53%.
Stock indexes rallied on Wednesday as signs of US economic resilience and cooling inflationary pressures outweighed concerns about the Iran war. 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.
