Caught the market bounce today and US stocks are having a solid session. Nasdaq's leading the charge up 1.1 percent while the S&P and Dow are also firmly in green territory. Pretty interesting considering we got hammered yesterday, but traders seem to be picking up the dip at these levels.

Oil's pulling back after hitting some crazy highs recently, and that's helping sentiment. Trump's talking about securing maritime trade routes in the Middle East and having the Navy escort tankers through the Strait of Hormuz to keep energy flowing. That's taking some pressure off the supply concerns people were worried about.

On the economic side, private sector job growth came in hotter than expected in February - 63k new jobs versus the 48k economists were calling for. ISM services data also surprised to the upside with their index jumping to 56.1. When you get better employment numbers and services activity expanding faster than expected, it does tend to get US stocks moving higher.

Semiconductor stocks are having a particularly good day, up 1.6 percent, and retail stocks are also seeing solid gains. Over in Asia it's a different story though - Japan's Nikkei got hit hard, down 3.6 percent. European markets bounced back though, so mixed picture globally but the US side is definitely the bright spot right now.