U.S. stocks ended lower on Friday, while oil prices extended gains above $100 a barrel as investors waited for further developments in the Iran war.
Source: Investing.com
All major indexes posted sharp weekly declines, with all 30 stocks falling 2%, stocks falling 1.6%, while tech stocks lost 1.3% and small caps lost 1.8%.
The coming week will once again focus on developments in the Middle East and oil prices, as the conflict between the United States, Israel and Iran shows no signs of abating. On Friday evening, the United States attacked military targets on Kharg Island, a major Iranian oil export center.
Aside from geopolitical concerns, the Fed’s next FOMC meeting ends on Wednesday. The U.S. central bank is widely expected to hold interest rates steady for a second straight meeting. Along with its policy update, the FOMC will release new point projections for interest rates, unemployment and inflation. Post-meeting comments from Fed Chairman Jerome Powell, whose term ends in May, could also move markets.
Source: Investing.com
Other notable economic figures in the coming week include the February Producer Price Index report on Wednesday and new home sales data on Thursday.
And even though earnings season is almost over, a few notable companies will report results in the coming week. These include FedEx, Micron, Dollar Tree, Macy’s, Five Below, Alibaba and Tencent.
Regardless of which direction the market is heading, below I highlight one stock likely to be in demand and one that could see further decline. Don’t forget though that my calendar is just for the coming week, from Monday March 16 to March 20.
Stocks to Buy: Nvidia
GTC 2026, taking place Monday through Thursday in San Jose, California, is expected to be a pivotal event for the company and the AI industry as a whole. CEO Jensen Huang’s keynote will likely set the tone, with announcements focused on next-generation AI hardware, agentic AI models, software advancements and strategic partnerships.
Nvidia’s GTC events have historically been a positive catalyst for the company’s stock performance, shares…
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