US Stocks Rally as Nasdaq Gains and Coinbase Surges on Trump Crypto Support

Key Facts

1The S&P 500 rose 0.77% to reach 6,868.95.

2Coinbase shares surged after Trump signaled support for a Digital Asset Market Bill.

3The Nasdaq Composite climbed 1.29% driven by strength in tech and crypto sectors.

4Easing oil prices supported cyclical stocks, lifting the Dow Jones by 0.49%.

Major US stock indices closed higher on March 4, fueled by significant gains in the technology and cryptocurrency sectors. The S&P 500 rose 0.77% to reach a level of 6,868.95, while the Nasdaq Composite climbed 1.29% amid strong growth momentum. Shares of Coinbase surged following signals from Donald Trump indicating support for a new Digital Asset Market Bill, providing a catalyst for crypto-related equities. Market sentiment was further bolstered by easing oil prices, which provided a lift to cyclical stocks and helped the Dow Jones gain 0.49%. This broad-based rally highlights the impact of political developments and lower energy costs on investor confidence across both growth and value segments.