New Delhi, March 4 -- The S&P 500 and the Nasdaq rose on Wednesday as market sentiment shifted toward cautious optimism following President Donald Trump's assurance to stabilize global energy market amid the escalating Middle East conflict.

At 09:56 a.m. ET, the Dow Jones Industrial Average fell 33.53 points, or 0.07%, to 48,467.74, the S&P 500 gained 8.59 points, or 0.12%, to 6,825.22 and the Nasdaq Composite gained 130.06 points, or 0.58%, to 22,646.75.

At the opening bell, the Dow Jones Industrial Average rose 134.33 points or 0.28% to 48,629.08. The S&P 500 rose 15.1 points, or 0.22%, to 6,831.69​, while the Nasdaq Composite rose 104.2 points, or 0.46%, to 22,620.89.

CFRA Research's Sam Stovall cited President Trump's pledge ...