The Nasdaq Composite rallied again on Wednesday as investors shook off a rough March by pouncing on the dip in memory and other momentum plays.

The Nasdaq rallied 1.2%. The Dow Jones Industrial Average gained 225 points, or 0.5%. The S&P 500 gained 0.7%.

Memory and data storage stocks were among the S&P 500’s top performers again, as investors chased the latest wave of momentum in the space. Western Digital, Sandisk, and Seagate Technology were among the S&P 500’s top gainers.

A wave of economic data on retail sales, private payroll growth, and manufacturing sector sentiment helped send the market into risk-on mode.

The day began with more premarket headlines around the war in Iran. President Donald Trump is set to provide an update at 9 p.m. ET on the operation in the Middle East and reiterate the two-to-three week timeline he offered on Tuesday, according to a White House official.