Dow Jones Climbs on Unexpected U.S.-Iran War Update

2026-03-04 16:32:28

The Dow Jones (DJIA) is set to open Wednesday on higher ground following a report that Iran reached out to the U.S. about peace talks.

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Officials from Iran’s Ministry of Intelligence indirectly reached out to the CIA one day after the U.S. and Israel launched an attack on the country over the weekend, according to the New York Times. However, U.S. officials remain doubtful that either the Trump administration or Iran is prepared to de-escalate, with strikes continuing from both sides.

Private Employment Growth Tops Estimates

Elsewhere, the U.S. labor market received a positive signal after ADP reported that private employers added 63,000 jobs in February, the most since July 2025 and above the estimate of 50,000. At the same time, hiring remains concentrated in certain sectors, with education and health services contributing 58,000 job additions, while professional and business services lost 30,000 jobs.

“But with hiring concentrated in only a few sectors, our data shows no widespread pay benefit from changing jobs,” said ADP Chief Economist Dr. Nela Richardson. “In fact, the pay premium for switching employers hit a record low in February.”

Investors will get another snapshot of the labor market when the Department of Labor publishes jobless claims data on Thursday morning.

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