Daily Market Report – March 4, 2026
Wednesday, March 4, 2026 While the war in the Middle East fuels growth and inflation concerns, a strong increase in service activity (ISM) alongside easing price pressures triggered a technical rebound. The S&P 500 SP:SPX gained about 0.9%, while the Nasdaq 100 NASDAQ:NDX rose by approximately 1.7%. European stocks also saw significant gains today.
Samsung Electronics KRX:005930 lost another 2.37%. Energy-import-dependent economies such as Japan and Korea have suffered significant losses since the outbreak of the war.
The oil market fluctuated sharply again: Brent (ICEEUR:BRN1!) oscillated around the low $80 mark in a nervous session, while WTI (NYMEX:CL1!) hovered around the mid-$70s – sometimes driven by escalation reports, other times indicating more comfortable inventory data.
At the same time, government bonds stabilized, with the yield on the ten-year Treasuries TVC:US10Y recently back at 4.08%, while the Dollar TVC:DXY eased slightly. Bitcoin COINBASE:BTCUSD was again trading above $73,000. Overall, it was not a day of reassurance, but rather one of position adjustment – the war continues, and shipping traffic in the Strait of Hormuz remains stalled.