The US markets reversed their initial losses and ended in green on Thursday as traders kept an eye on the latest developments in the Middle East and the subsequent impact on the price of crude oil. Traders found solace with a report released by the Commerce Department showed that US wholesale inventories rose by 0.8% month-over-month to $919.6 billion in February 2026, the most since January 2025, following a downwardly revised 0.3% decrease in January. However, gains remain capped as data showed the US economy expanded at an annualized rate of 0.5% in Q4 2025, revised down further from 0.7% in the second estimate and 1.4% in the preliminary reading, mainly due to a downward revision to investment. Besides, another data showed the US personal consumption expenditures (PCE) price index rose 0.4% month-over-month, matching expectations and accelerating from January’s 0.3% increase. It was the steepest monthly increase in PCE prices in a year as goods prices jumped 0.7%, reversing January’s stagnation, driven by higher costs in motor vehicles and parts, recreational goods, gasoline, clothing, and food.

Nasdaq rose 187.42 points or 0.83 percent 22,822.41, Dow Jones Industrial Average surged 275.88 points or 0.58 percent to 48,185.80 and S&P 500 increased 41.85 points or 0.62 percent to 6,824.66.