U.S. stocks rebounded Wednesday after two volatile days, with the S&P 500 rising 0.8%, the Dow Jones Industrial Average up 301 points, and the Nasdaq Composite gaining 1.3%.

Markets stabilized as oil prices eased, with Brent crude slipping to about $80.88 per barrel and U.S. crude falling to $74.14, after earlier spikes driven by the Iran war.

Encouraging economic reports showing stronger business growth and hiring also boosted confidence, though uncertainty about inflation and the conflict’s duration remains.

Tech giants like Nvidia and Amazon helped lift the market, while crypto-related stocks surged alongside bitcoin’s rebound, the AP has reported.

Investors are now watching how the war and oil prices could influence inflation and the Federal Reserve’s plans for future interest rate cuts.