Wall Street stocks mostly rose early Wednesday, shaking off the previous session’s losses as oil prices fell and a U.S. jobs report beat expectations and on reports that Iranian operatives had targeted the U.S. with demanded negotiations to end the conflict.

Sam Stovall of CFRA Research cited President Donald Trump’s pledge to direct the Navy to provide safe passage for oil tankers in the Strait of Hormuz, a vital waterway where traffic has slowed significantly since the US-Israeli blockade of Iran, which has led to higher oil prices.

“It looks like the market is shaking off some of the uncertainty around Iran,” Stovall said.

About 10 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 48,428.69.

The broad-based S&P 500 rose 0.1 percent to 6,820.91, while the tech-rich Nasdaq Composite Index rose 0.4 percent to 22,594.55.

Meanwhile, a report showed private employers added 63,000 jobs in February, more than 48,000 more than economists had expected, according to payroll firm ADP.

The ADP figures “continue the trend of job growth since late last year,” Oxford Economics said in a note. “This supports our view of broader labor market stabilization.”

But Oxrod added that “an emerging risk is whether heightened policy uncertainty from geopolitical events and tariff changes undermines business confidence and reduces hiring intentions, particularly for smaller firms.”