In This Article:
US stock futures (ES=F, NQ=F, YM=F) are mixed to start this trading week as US Treasury Secretary Scott Bessent tells Wall Street that "corrections are health."
US retail sales rose by 0.2% in February, below predictions of 0.6% for the month. This data comes out ahead of the Federal Reserve's next interest rate decision this Wednesday, March 19.
Nvidia (NVDA) kicks off its 2025 GTC (GPU Technology Conference) event in San Jose, California. Catch up on Yahoo Finance's biggest expectations from the chip giant this week.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Let's get to the three things that you need to know today.
First up, US stock futures fluctuating this morning after stocks closed out their worst week since 2023. The weakness in stocks spooking strategists. RBC Capital Markets joining a series of brokers cutting their forecast for the S&P this year. But Treasury Secretary Scott Dicent says he's not worried about the decline that's wiped trillions of dollars from the stock market. Former hedge fund manager telling NBC's Meet the Press, the corrections are healthy.
Plus, investors are awaiting the Federal Reserve rate decision this week, with the Central Bank expected to stand pat on rates as they assess the inflationary impact of President Trump's policies. The decision comes amid softening economic data, including today's retail sales number which came in well below analyst expectations.
And Nvidia shares higher as the company kicks off its GTC conference today. The week-long event for developers beginning in San Jose, California with all eyes on CEO Jensen Huang's keynote address due out Tuesday. More announcements are expected on future versions of Nvidia's AI chips after the current Blackwell generation.