U.S. stock futures were flat on Tuesday after a bounce back on Monday. Futures of all four benchmark indices were mixed in premarket trading.



On Monday, stocks continued their recovery from last week&#8217;s sell-off, which had pushed the S&amp;P 500 into correction territory amid growing concerns over the U.S. economy&#8217;s ability to withstand President Donald Trump&#8216;s trade war.



The two-day meeting of the Federal Open Market Committee will begin today as they discuss and announce their decision on interest rates slated to be released tomorrow. Chairman Jerome Powell will address a press conference on Wednesday afternoon.



The 10-year Treasury yield stood at 4.31%, while the two-year yield was at 4.04%. According <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> the CME Group's FedWatch tool, there is a 99% chance that the Federal Reserve will keep interest rates unchanged tomorrow.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>-0.21%</td></tr><tr><td>S&amp;P 500</td><td>-0.06%</td></tr><tr><td>Dow Jones</td><td>0.02%</td></tr><tr><td>Russell 2000</td><td>-0.22%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped slightly in premarket on Monday. The SPY was down 0.15% to $566.37, and the QQQ also declined 0.25% to $481.54, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From The Last Session



Real estate, energy, and consumer staples stocks led Monday&#8217;s market rally, with significant gains across the S&amp;P 500. Conversely, consumer discretionary stocks dipped.



This sector-driven strength propelled the Dow Jones higher extending the market&#8217;s recovery after last week&#8217;s sharp declines, which saw the Dow lose 3.1% and the S&amp;P 500 drop over 2%.



In company news, Guess? Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) shares surged 30% on acquisition interest, and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares climbed 9% following the launch of new AI models.



Economic data presented a mixed picture, with retail sales growth below expectations, a sharp drop in the NY Empire State Manufacturing Index, and a decline in housing market confidence.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.31%</td><td>17,808.66</td></tr><tr><td>S&amp;P 500</td><td>0.64%</td><td>5,675.12</td></tr><tr><td>Dow Jones</td><td>0.85%</td><td>41,841.63</td></tr><tr><td>Russell 2000</td><td>1.19%</td><td>2,068.33</td></tr></tbody></table></figure>



Insights From Analysts



The market sentiment seemed to be recovering on Monday after the S&amp;P 500 index recorded an upmove in 90% of its issues for two consecutive days. Ryan Detrick of Carson Research highlighted that this was a rare occurrence when 90% of S&amp;P 500 constituents rose back-to-back for two days.



According to the historical data shared by him, this has only happened 12 times since 1972 and the index has been higher in all instances after a year.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back-to-back 90% advancing issues for the S&amp;P 500. Using <a href="https://twitter.com/NDR_Research?ref_src=twsrc%5Etfw">@NDR_Research</a> data back to 1972 shows higher six and 12 months later every single time, with much better than average returns. I&#39;m sure this will make everyone mad, but it made me &#x1f603; <a href="https://t.co/QWf8lJx2eQ">pic.twitter.com/QWf8lJx2eQ</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1901824344839336317?ref_src=twsrc%5Etfw">March 18, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, Liz Ann Sonders and Kevin Gordon of Charles Schwab said in a note "The only thing we can be certain of is that things will remain uncertain for the time being."



They quoted the data from a few years ago when confidence metrics went through a soft patch giving a &#8220;false&#8221; recessionary signal amid strong underlying growth and the hard data. They termed it as a &#8220;vibecession.&#8221;



Whereas they termed the current period as &#8220;vibespansion," which was evident a few months ago, however, many strong sentiment metrics are receding. "If the soft data stay soft long enough, we see more risk of the hard data catching down," the note added.



Edward Yardeni or Yardeni Research highlighted that the markets could have bottomed out on Thursday last week and rose on Friday and Monday because there was no comment from Trump on tariffs.



He said, "From a sentiment perspective, it is possible that Thursday's selloff followed by Friday's rally marked a bottom in the correction. We will be more inclined to call a bottom when we see the stock market move higher on a day or days when Trump blusters about tariffs again, which he did not do on Friday."



"Any day without a Trump tariff comment is a good day for the market. We know that on April 2 there will be lots of reciprocal tariffs imposed on many more nations by the administration, undoubtedly eliciting lots of comments from Tariff Man," he added.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Tuesday:



<ul>
<li>February&#8217;s housing starts, building permits, and import price index data will be announced at 8:30 a.m., ET.</li>
</ul>



<ul>
<li>Also, February&#8217;s industrial production and capacity utilization data will be released at 9:15 a.m., ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>IHS Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) was up 0.77% in premarket on Tuesday ahead of its earnings before the opening bell. Analysts expect earnings of 4 cents per share on revenue of $424.00 million.</li>
</ul>



<ul>
<li>HealthEquity Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) advanced 0.28% as Wall Street expects it to report earnings of 72 cents per share on revenue of $306.05 million after the closing bell.</li>
</ul>



<ul>
<li>StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STN#NASDAQ">STN</a>) rose 0.49% ahead of its earnings after the closing bell. Analysts expect earnings of 35 cents per share on revenue of $647.56 million.</li>
</ul>



<ul>
<li>Getty Images Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) jumped 2.33% after posting an upbeat earnings result for its fourth quarter on Monday.</li>
</ul>



<ul>
<li>Sangamo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) dropped 6.83% after reporting worse-than-expected fourth-quarter financial results.</li>
</ul>



<ul>
<li>Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) was 4.39% higher continuing the momentum from yesterday following the launch of new AI models.</li>
</ul>



<ul>
<li>Bon Natural Life Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BON#NASDAQ">BON</a>) surged 29.71% after it secured $12 million in gross proceeds from a best efforts unit offering.</li>
</ul>



<ul>
<li>Harrow Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) zoomed 24.14% after it projected 2025 revenue of over $280 million, driven by branded products.</li>
</ul>



<ul>
<li>Bakkt Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) plunged 30.24% after it rescheduled its fourth-quarter earnings call to March 18, 2025.</li>
</ul>



Commodities, Gold And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 1.35% to hover around $68.28 per barrel.



The gold spot index was up by 0.70% to $3,022.11 per ounce. Its last record high was at $3,028.49 per ounce. The Dollar Index was down by 0.05% at the 103.322 level.



Asian markets closed higher on Tuesday with China&#8217;s CSI 300, Japan's Nikkei 225, South Korea's Kospi, Australia's ASX 200, Hong Kong's Hang Seng, and India's S&amp;P BSE Sensex advancing in trade. European markets were also higher in trade.



Read Next:



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<li><a href="https://www.benzinga.com/markets/equities/25/03/44371661/ai-bubble-bursting-magnificent-7s-profit-margins-face-pressure-as-capital-spending-can-tumble-in">AI Bubble Bursting? Magnificent 7&#8217;s Profit Margins Face Pressure As &#8216;Capital Spending Can Tumble&#8217; In 2025</a></li>
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Photo courtesy: Shutterstock

Equities

Market Summary

News

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

BIDU

BKKT

GETY

HROW

SGMO

US Futures Show Caution Among Investors Ahead Of FOMC Meeting: Analysts Say Only Certainty Is That 'Things Will Remain Uncertain For The Time Being'

Leading cryptocurrencies edged higher Monday, matching the gains made in the stock market.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+1.14%</td><td>$83,804.15</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.56%</td><td>$1,926.45</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.40%</td><td>$0.1722</td></tr></tbody></table></figure>



What Happened: Bitcoin rose to an intraday high of $84,700 late afternoon before retreating to the $83,000 zone due to profit-taking. Ethereum followed a similar trajectory, rising to $1,950 and later pulling back to $1,920.



Bitcoin's market dominance remained above 60% while Ethereum's share dwindled to 8.5% in the last 24 hours.&nbsp;



Institutional interest in spot exchange-traded hands <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44359400/bitcoin-etfs-see-record-5-5-billion-in-outflows-in-5-weeks-as-tariff-turbulence-looms">has taken a hammering</a> due to the ongoing cryptocurrency trace, with U.S.-listed Bitcoin ETFs bleeding more than $5.5 billion over the last five weeks.



Over $168 million was liquidated from the market in the last 24 hours, with short liquidations accounting for over $100 million.&nbsp;



Additionally, if Bitcoin reclaims $87,000, a further $500 million in shorts would be wiped out.



Bitcoin's Open Interest grew 1.32% in the last 24 hours, suggesting an influx of new money into the derivatives market.&nbsp;



Interestingly, the percentage of traders positioned short on the apex digital asset surged to 55%, according to the Long/Short Ratio, suggesting that traders anticipated another dip.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>PancakeSwap (CAKE)</td><td>+42.85%</td><td>$2.58</td></tr><tr><td>BinaryX (BNX)</td><td>+40.63%</td><td>$1.97</td></tr><tr><td>Pepe (PEPE)</td><td>+11.21%</td><td>$0.000007393</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.74 trillion, marking a&nbsp; 1.26% increase over the previous day.



Stocks started the new trading week on a high. The Dow Jones Industrial Average surged 353.45 points, or 0.85%, to close at 41,841.63. The S&amp;P 500 rose 0.65%, ending at 5,675.12, while the tech-heavy Nasdaq Composite gained 0.31% to close at 17,808.66.



Wall Street has been under pressure due to President Donald Trump's tariff <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44360564/trumps-tariffs-could-fuel-inflation-in-canada-mexico-warns-economic-expert">announcements</a>, with the Dow and S&amp;P 500 shedding 6.09% and 7.41%, respectively, over the previous month.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular cryptocurrency analytics firm CryptoQuant detected a steady deleveraging in Bitcoin's derivatives market, with about $10 billion in Open Interest erased over the past two months.



"This can be considered a natural market reset, an essential phase for sustaining a bullish continuation," CryptoQuant stated. "Looking at historical trends, each past deleveraging like this has provided good opportunities for the short to medium term."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The BTC market is undergoing deleveraging "This chart highlights such reset phases by identifying moments when the 90-day open interest change turns negative. Historically, each past deleveraging like this has provided good short-to medium-term opportunities." – <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> <a href="https://t.co/8VRH2oVaTD">pic.twitter.com/8VRH2oVaTD</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1901630547534688515?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst &#8220;Elite Crypto&#8221; stated that for the sentiment to shift from playing the downside to a "potential reversal," Bitcoin must rise over $85,000 and $89,000.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> &#x7C; <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> One good thing is that we are above the 80K support. We should flip the 85K and 89K levels pretty soon to change the current playbook. If you&#39;re wondering what I mean by &quot;playbook,&quot; it&#39;s about shifting from playing the downside to a potential reversal, which could… <a href="https://t.co/D0meUYoyUH">pic.twitter.com/D0meUYoyUH</a>&mdash; Elite Crypto (@TheEliteCrypto) <a href="https://twitter.com/TheEliteCrypto/status/1901704170551537940?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo by SvetlanaParnikova on Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

Cryptocurrency

Movers & Shakers

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Match Stock Advances: BTC Should Flip $85,000 And $89,000 Levels For Potential Reversal, Says Analyst

The U.S. Commerce Department has reportedly banned <a href="https://in.benzinga.com/25/03/44254562/deepseek-stays-free-founder-rejects-monetization-plans-new-reasoning-model-amid-alibaba-talks">Chinese artificial intelligence</a> model DeepSeek on government devices.



What Happened: In recent weeks, several bureaus within the U.S. Department of Commerce issued internal communications warning staff not to use DeepSeek AI on government-furnished equipment, also known as GFE, reported Reuters, citing a message and two people familiar with the matter.



"To help keep Department of Commerce information systems safe, access to the new Chinese-based AI DeepSeek is broadly prohibited on all GFE," said one department-wide email. "Do not download, view, access any applications, desktop apps or websites related to DeepSeek."



See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/02/43762070/apple-supplier-foxconns-efforts-to-make-iphones-in-india-thwarted-by-tech-and-talent-exports-report" target="_blank" rel="noreferrer noopener">Apple Supplier Foxconn's Efforts To Make iPhones In India Thwarted By Tech And Talent Exports: Report</a>



It remains unclear how widespread the ban is within other parts of the U.S. government.



Why It's Important: The move follows rising alarm over the potential risks posed by Chinese AI tools accessing sensitive government data.



In January, DeepSeek's release triggered a <a href="https://in.benzinga.com/markets/equities/25/03/44103985/74-of-deepseeks-output-mimics-openais-chatgpt-new-study-reveals-it-does-raise-questions-about-its-development">wave of concern</a> in global markets due to its low-cost capabilities and its potential to challenge U.S. dominance.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Several states, including Virginia, Texas, and New York, have already implemented bans on the use of DeepSeek on government equipment, the report noted.



A coalition of 21 state attorneys general has also called on Congress to pass federal legislation barring the model.



In February, Taiwan also <a href="https://in.benzinga.com/government/regulations/25/01/43401844/taiwan-bans-deepseek-ai-over-security-concerns-joins-global-scrutiny-of-chinese-tech">banned DeepSeek AI</a>. Similarly, <a href="https://in.benzinga.com/media/25/02/43763629/south-korea-joins-italy-in-halting-downloads-of-chinas-deepseek-amid-global-scrutiny-over-privacy-issues">South Korea</a> and Italy have <a href="https://in.benzinga.com/media/25/02/43763629/south-korea-joins-italy-in-halting-downloads-of-chinas-deepseek-amid-global-scrutiny-over-privacy-issues">halted new downloads of the app</a> due to privacy issues.



Image via Shutterstock



Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Read Next:



<ul>
<li><a href="https://in.benzinga.com/media/25/02/43646042/elon-musks-97-4-billion-openai-takeover-bid-reportedly-not-received-by-chatgpt-parent-another-one-of-his-tactics-says-sam-altman" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $97.4 Billion OpenAI Takeover Bid Reportedly Not Received By ChatGPT Parent: ‘Another One Of His Tactics,&#8217; Says Sam Altman</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Media

China's DeepSeek Sparks National Security Alarm: 'Do Not Download, View, Access Any Applications...'

Toronto has taken a significant step by excluding Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles from its electric vehicle incentives, citing the ongoing trade war with the United States. This decision, led by Mayor Olivia Chow, reflects the city&#8217;s stance on the trade conflicts.



What Happened: Toronto has halted financial incentives for Tesla vehicles used as cabs or for ride sharing purposing, citing trade conflicts with the United States, according to Reuters on Monday.



Under Mayor Olivia Chow&#8217;s leadership, the city is promoting electric vehicle use by lowering licensing and renewal costs for ride-hailing vehicles through 2029. However, from March 1, Tesla models are excluded from these benefits. Chow explained that drivers must seek alternative electric vehicles.



The exclusion remains until U.S. trade issues are resolved. Chow attributed the decision to Elon Musk, Tesla&#8217;s CEO and adviser to U.S. President Donald Trump. Trump&#8217;s tariffs on Canadian goods have fueled tensions, prompting this symbolic move.



&#8220;We have certainly said that if you want to buy a Tesla, go ahead, but don&#8217;t count on taxpayer money to subsidize it,&#8221; said Chow, according to the report.



Tesla has reportedly not commented on Toronto&#8217;s move. The financial impact is minimal, according to the mayor.



See Also: <a href="https://www.benzinga.com/25/03/44348859/trump-says-he-was-little-bit-sarcastic-when-he-said-he-would-end-the-russia-ukraine-war-in-a-day-what-i-really-mean-is">Trump Says He Was &#8216;Little Bit Sarcastic&#8217; When He Said He Would End The Russia-Ukraine War In A Day: &#8216;What I Really Mean Is&#8230;&#8217;</a>



Why It Matters: This move by Toronto is part of a broader trend in Canada where Tesla is facing increasing challenges. Recently, <a href="https://www.benzinga.com/markets/25/03/44321211/tesla-charging-stations-cut-from-rebate-program-by-canadian-province-most-people-would-support-their-remo">Tesla&#8217;s charging stations and home batteries</a> were excluded from rebate programs in British Columbia, also due to U.S.-Canada trade tensions. 



Additionally, Tesla has been suspected of manipulating Canada&#8217;s EV rebate program, with reports of a sudden surge in sales before a rebate deadline, as detailed in <a href="https://in.benzinga.com/25/03/44213295/tesla-suspected-of-ev-rebate-manipulation-in-canada-amid-sudden-sales-surge-tesla-gamed-the-system-says-industry-body">another Benzinga article</a>.



Moreover, public sentiment in Canada is shifting against Tesla, with a <a href="https://www.benzinga.com/25/03/44224547/attempting-to-erase-canadian-sovereignty-71-of-canadians-support-a-tesla-ban-while-364000-want-elon-musks-citizen">recent poll</a> indicating that 71% of Canadians support a ban on Tesla sales. This growing discontent is further evidenced by a petition to revoke Elon Musk&#8217;s Canadian citizenship, which has gathered significant support.



Canada is imposing 25% tariffs on $20 billion of U.S. goods in <a href="https://in.benzinga.com/news/25/03/44281882/canada-retaliates-with-20b-in-tariffs-on-us-goods-amid-trade-war">retaliation for Trump's steel and aluminum duties</a>, affecting multiple industries. The move adds to previous counter-tariffs, raising concerns over economic instability, rising costs, and disruptions in housing and manufacturing.



Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



Image via Shutterstock



Did You Know?



<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

TSLA

Toronto Excludes Tesla From EV Incentives Amid Trump Tariff War: Mayor Says, 'Don't Count On Taxpayer Money'

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Monday.



U.S. stocks settled higher on Monday, with the Dow Jones index surging more than 350 points during the session. All three of the major indices recorded back-to-back gains.



Despite gains recorded on Monday, US stocks recorded losses last week. The Dow dipped around 3.1% to record its worst week since March 2023. The S&amp;P 500 dipped more than 2%, recording its fourth straight losing week.



Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) shares jumped 30% on Monday after the company announced it received a non-binding proposal from WHP Global to acquire the company for $13 per share in cash. Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares gained 9% after the company announced the launch of ERNIE 4.5 and deep-thinking model ERNIE X1.



On the economic data front, U.S. retail sales rose 0.2% month-over-month in February following a revised 1.2% decline in January but down from market expectations of a 0.6% rise. The NY Empire State Manufacturing Index declined 26 points to -20.0 in March, recording the lowest reading since May 2023. The NAHB/Wells Fargo Housing Market Index fell to 39 in March versus a reading of 42 in February.



Most sectors on the S&amp;P 500 closed on a positive note, with real estate, energy, and consumer staples stocks recording the biggest gains on Monday. However, consumer discretionary stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed higher by around 353 points to 41,841.63 on Monday. The S&amp;P 500 rose 0.64% to 5,675.12, while the Nasdaq Composite climbed 0.31% at 17,808.66 during Monday's session.



Investors are awaiting earnings results from IHS Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>), HealthEquity Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) , and StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 22.1, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 20.9.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next:<a href="https://www.benzinga.com/markets/25/03/44355158/jim-cramer-says-this-tech-stock-is-a-meme-stock-recommends-buying-accenture"> </a>



<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44355158/jim-cramer-says-this-tech-stock-is-a-meme-stock-recommends-buying-accenture">Jim Cramer Calls This Stock A &#8216;Meme Stock,&#8217; Recommends Buying Accenture</a></li>
</ul>



Photo courtesy: Shutterstock

Earnings

Trading Ideas

CWCO

SAIC

STNE

Dow Jumps 350 Points Following Positive Economic Data: Investor Fear Eases, But Greed Index Remains In 'Extreme Fear' Zone

The Federal Reserve is set to hold interest rates steady on Wednesday, reinforcing its &#8220;not-in-a-hurry&#8221; stance on rate cuts while possibly raising inflation forecasts to account for the economic impact <a href="https://www.benzinga.com/news/econ-s">of new trade tariffs.</a>



The decision will mark the second consecutive meeting at which rates remain unchanged. Policymakers await further progress in taming inflation before considering reductions.



The Federal Open Market Committee (FOMC) will also release updated economic projections, including forecasts for growth, inflation, employment, and the interest rate path—commonly referred to as the &#8220;dot plot.&#8221; 



In its December 2024 projections, the Fed indicated expectations for just two 25-basis-point rate cuts in 2025, a more hawkish stance than current market pricing.



<h3 class="wp-block-heading">Is Market Pricing Too Optimistic? </h3>



Fed funds futures currently imply three rate cuts by December 2024, with a 42% probability of four cuts, according to the CME Group&#8217;s FedWatch Tool.



This divergence between market expectations and the Fed's last official projections adds weight to Wednesday's updated forecasts.



In December, the Fed had already raised its inflation expectations for 2025, forecasting headline Personal Consumption Expenditures (PCE) inflation at 2.5%, up from 2.1% in September. Core PCE inflation, which excludes volatile food and energy prices, was projected to reach 2.5% in 2025, compared to 2.2% previously.



<h3 class="wp-block-heading">Analyst Views: Tariffs Could Push Inflation Higher</h3>



David Mericle, U.S. economist at Goldman Sachs, highlighted that FOMC participants may need to reconsider their inflation projections.



&#8220;FOMC participants will have to rethink their projections now that the first tariffs have taken effect and the White House looks set to eventually impose larger tariffs than initially seemed likely,&#8221; Mericle said.



He expects the median 2025 core PCE inflation projection to rise by 0.3 percentage points to 2.8% and GDP growth to be revised down by 0.3 percentage points to 1.8%, largely due to tariffs. While his own forecasts are more drastic—showing a 0.5 percentage point change in both metrics—he believes the Fed will adjust more cautiously.



&#8220;We suspect that the Fed leadership would nevertheless prefer for the median 2025 dot to continue to show two cuts this year to avoid adding to recent market turbulence.&#8221;



<h3 class="wp-block-heading">Recession Fears And Powell's Messaging</h3>



David Morrison, senior market analyst at Trade Nation, indicated that investors will be closely watching the Fed's comments regarding recession risks, particularly after U.S. Treasury Secretary Scott Bessent declined to rule out a downturn in a recent television interview.



&#8220;Investors will also be hoping for some calming words over the likelihood of a recession in the U.S. this year,&#8221; Morrison said.



Sumit Roy, an analyst at ETF.com, suggested that Federal Reserve Chair Jerome Powell will likely exercise caution during his post-decision press conference to steer clear of potential political friction.



&#8220;The real focus will be on the language in the Fed's monetary policy statement and comments from Chair Jerome Powell. The Fed chair is likely to tread carefully, avoiding any statements that might cause tension with President [Donald] Trump.&#8221;



<h3 class="wp-block-heading">Bank of America: Stagflation Concerns And No &#8220;Powell Put&#8221;</h3>



Bank of America&#8217;s chief economist Aditya Bhave cautioned that the Fed&#8217;s stance may come across as hawkish to markets, given its emphasis on economic downside risks.



&#8220;Markets could interpret the Fed&#8217;s message as hawkish because they are focused on downside risks to activity. But in our view, the &#8216;Powell put&#8217; is not forthcoming. The SEP forecasts and distribution of risks are both likely to reflect stagflation: weaker growth and higher inflation.&#8221;



Bank of America projects headline PCE inflation to average 2.7% in 2024, up from its previous forecast of 2.5%, with Core PCE also at 2.7%. The bank anticipates that the Fed's median projections will still indicate 50 basis points of cuts in both 2025 and 2026, but expects no additional cuts in 2027, along with a higher long-run neutral rate.



Bhave also cautioned against the assumption that the inflationary effects of tariffs will be temporary, referencing past miscalculations by policymakers.



&#8220;It does not seem prudent for the Fed to assume, so early in the game, that the impact of tariffs will be transitory—especially given the increase in some (but admittedly not all) measures of inflation expectations, and the fact that &#8216;team transitory&#8217; suffered a resounding defeat in 2021-22. Cuts seem firmly off the table in the near term.&#8221;



Read now: 



<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44340164/market-bottom-or-another-scared-cat-bounce-wall-street-veteran-remains-skeptical">Market Bottom Or Another &#8216;Scared Cat Bounce&#8217;? Wall Street Veteran Remains Skeptical</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Government

Regulations

Econ #s

Fed's March Meeting Expected To Signal No Hurry On Rate Cuts As Powell 'Likely To Tread Carefully'

Prominent Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Peter Schiff once again took to X to criticize the apex cryptocurrency and extol the benefits of <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44314127/gold-hits-all-time-highs-while-bitcoin-disappoints-did-fed-chair-jerome-powell-jinx-the-digital-gold">gold compared to Bitcoin.</a> 



What Happened: In a post on Monday, Schiff <a href="https://x.com/PeterSchiff/status/1901592674311803262">highlighted</a> that gold prices have surged past $3,000 as foreign central banks continue selling U.S. dollars to accumulate gold. 



This shift has weakened the U.S. dollar while boosting foreign stock markets, in contrast to the decline in U.S. equities as investors rotate out of domestic assets.



In another post, Schiff <a href="https://x.com/PeterSchiff/status/1901648111283409098">pointed</a> out that Bitcoin has dropped 15% year-to-date in 2025, while gold mining stocks have gained 25%. 



He attributes this divergence to investors piling into Bitcoin ETFs after Trump's win, hoping for a pro-crypto policy shift. 



Schiff now sees this as one of the worst-timed trades in history, arguing that market momentum is swinging back toward gold.



Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources">Peter Schiff Blasts Government Crypto Investments As &#8216;Waste of Resources&#8217;</a>



Why It Matters: In another X <a href="https://x.com/PeterSchiff/status/1901253662178939352">post</a> on Sunday, Schiff compared the NASDAQ, Bitcoin and gold prices, stating that the NASDAQ is down 12%. 



Based on Bitcoin's historical correlation with tech stocks, he warned that a 20% drop in the NASDAQ could push Bitcoin down to $65,000, while a 40% drop could send it crashing to $20,000 or lower.



If Bitcoin falls to $20,000 while gold rises to $3,800, BTC would have lost over 85% of its value relative to gold, raising doubts about its status as a store of value. 



Schiff argued that if Bitcoin collapses, there would be no justification for the U.S. or any state government to hold BTC in a strategic reserve.



He also warned that such a scenario could lead to mass Bitcoin sell-offs from ETF investors, governments, and institutions like Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), putting highly leveraged Bitcoin holders at risk of financial collapse.



Read Next:



<ul>
<li><a href="https://in.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold">Peter Schiff Predicts A Bitcoin Strategic Reserve Will &#8216;Accelerate&#8217; Dollar&#8217;s Demise: &#8216;Ultimate Winner Will Be Gold&#8217;</a></li>
</ul>



Image: Shutterstock

MSTR

Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC 'Worst-Timed Trade In History'

A new Benzinga reader poll shows President Donald Trump with a strong approval after his first 52 days in office since <a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago">his January inauguration.</a>



What Happened: It&#8217;s been just over 50 days since Trump took back the presidency after winning <a href="https://www.benzinga.com/politics/25/03/44236365/trump-bump-or-trump-slump-etf-strategists-say-lurking-dangers-coming-after-years-of-calm">the 2024 presidential election.</a>



A new Benzinga reader poll shows the approval rating given to Trump for his first 52 days in the White House.



"How do you feel about Donald Trump's first 52 days back in office?" Benzinga asked.



The results were:



<ul>
<li>I didn't vote for Trump: 44%</li>



<li>I voted for Trump and approve of his first 52 days in office: 37%</li>



<li>I voted for Trump but disapprove of his first 52 days in office: 15%</li>



<li>I voted for Trump but have no strong opinion: 4%</li>
</ul>



After stripping out the 44% of voters who did not vote for Trump, the president's approval rating from people who voted for him in the poll looks like this:



<ul>
<li>Favorable: 69.4%</li>



<li>Unfavorable: 28.6%</li>



<li>No opinion: 8.2%</li>
</ul>



The poll shows a strong favorable rating for Trump, but it comes with the caveat that this is voters who selected him in the 2024 presidential election.



Read Also:<a href="https://www.benzinga.com/politics/25/03/44283923/trump-tariff-delay-on-autos-supported-by-75-of-readers-in-poll-will-pause-lead-to-more-purchases-ahead-of-april"> Trump Tariff Delay On Autos Supported By 75% Of Readers In Poll: Will Pause Lead To More Purchases Ahead Of April?</a>



Why It's Important: When including the 44% of the poll that said they didn't vote for Trump, the approval rating would likely drop significantly. Only securing seven out of 10 voters from five months ago to say they approve of the first 52 days may not be the best showing for Trump.



Other polls of nationally registered voters have shown low approval ratings for Trump, including an<a href="https://www.benzinga.com/25/03/44301987/trumps-bitcoin-effect-up-50-in-first-terms-first-100-days-but-down-22-in-second-term-so-farwhats-next"> Emerson College March poll</a> that showed Trump's approval rating at 49% and a disapproval rating of 43%.



In that poll, Trump's handling of the war between Russia and Ukraine was one of the main reasons for his low approval rating with 44% of voters disapproving of the president's handling of the war and only 41% approving.



For the Benzinga poll, economic conditions might play heavier into whether voters approve or disapprove of the president.



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 Index, is down 5.2% since the closing price on Jan. 17, before Trump took office. While the index and ETF hit new all-time highs in February, they have since fallen and trade below where they were when Joe Biden was still president.



Leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is down 16.7% from its price on Jan. 19, before Trump's inauguration. Similar to the S&amp;P 500 Index, Bitcoin hit new all-time highs under Trump with a six-figure price reached on inauguration day. Since that time, the cryptocurrency has fallen in value.



Macroeconomic concerns related to tariffs, international conflicts, inflation and more have made investors uneasy and put pressure on stocks and cryptocurrencies.



Benzinga will continue to track the president's approval rating as his term goes on in 2025.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43041374/exclusive-how-high-will-sp-500-go-under-donald-trump-in-2025-readers-are-optimistic-26-say-this">EXCLUSIVE: How High Will S&amp;P 500 Go Under Donald Trump In 2025? Readers Are Optimistic, 26% Say This…</a></li>
</ul>



The study was conducted by Benzinga from March 13, 2025, through March 14, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 93 adults.



Photo: Shutterstock

Exclusives

EXCLUSIVE: Reader Poll Shows Strong Approval Rating For President Donald Trump's First 52 Days In Office, But There's A Catch

Renowned trader and chartist Larry Williams believes the market is ready to rally after falling into correction territory last week — and he has <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44355195/retail-sales-rebound-less-than-expected-in-february-online-healthcare-spending-show-strong-gains">a few ways to play it</a>.



What To Know: The S&amp;P 500 officially closed in <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44341328/stocks-enter-correction-zone-tariff-fears-hammer-consumer-confidence-inflation-wo">correction territory</a> on Thursday, representing the fastest market correction decline since March 2020. Everyone wants to know what&#8217;s going to happen next and Williams believes he has answers.



In a YouTube <a href="https://www.youtube.com/watch?v=7vnzm-qltxs">video</a> posted by StockCharts TV on Saturday, Williams explained that he sees a rally ahead because the market is undervalued, smart money has been buying and cycle data says it&#8217;s time to buy.



&#8220;You can have a good stock but if you don&#8217;t buy it at the right time you can still have problems &#8230; right here right now is probably the right time,&#8221; Williams said.



Some stocks that he&#8217;s watching include Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).



Smart money has proven to be a strong predictor of Tesla&#8217;s future stock performance based on Williams&#8217; charts. The trader noted that smart money stepped out of Tesla stock last year but money has started to flow back in as the stock has given back some of its gains. 



&#8220;When I look at the conditions of this stock, I see what I like to see,&#8221; Williams said, adding that it&#8217;s undervalued, a bullish cycle should be coming and smart money is starting to buy the name.



Check This Out: <a href="https://www.benzinga.com/general/market-summary/25/03/44350934/sp-500-price-trend-flashes-warning-signals-but-this-expert-says-start-looking-for-a-buy-signal-after-last-weeks-drawdown">S&amp;P 500 Price Trend Flashes Warning Signals But This Expert Says &#8216;Start Looking For A Buy Signal&#8217; After Last Week&#8217;s Drawdown</a>



Nvidia is another stock that fits the bill and could be poised to rip higher, according to Williams. The legendary trader said Nvidia shares just recently reached undervalued territory in his model. At the same time, smart money is starting to buy more aggressively. 



Williams noted that the one thing he doesn&#8217;t like on the Nvidia chart is that the stock recently made a lower low than it did in January. He offered <a href="http://benzinga.com/quote/asml">ASML Holding</a> as a potential alternative as it has held up better than Nvidia during the most recent selloff. 



&#8220;This was in stronger hands coming down than Nvidia was coming down. I like to buy stocks that have been in strong hands,&#8221; Williams said. 



Finally, Williams highlighted <a href="http://benzinga.com/quote/aapl">Apple</a> as potentially being ripe for a bounce. The stock is at a point where it&#8217;s expected to rally based on seasonal patterns. Apple shares also held up comparatively better than the overall market during the most recent selloff, he said. 



In order for any of these stocks to work, the overall market is going to need to recover. Williams believes the market is set to do just that if the Trump administration can put an end to the <a href="https://www.benzinga.com/25/03/44348859/trump-says-he-was-little-bit-sarcastic-when-he-said-he-would-end-the-russia-ukraine-war-in-a-day-what-i-really-mean-is">war in Ukraine</a>. 



&#8220;I think that is most likely going to be the trigger mechanism to see things like Apple start to move back to the upside,&#8221; Williams said.



Price Action: At publication time, Tesla shares were down 5.95% at $235, Nvidia shares were down 1.7% at $119.59, ASML Holding shares were down 1.57% at $725.02 and Apple shares were down 1.28% at $210.75, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44357674/restaurant-sales-sink-recession-warning-or-just-weather-driven-dip">Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?</a></li>
</ul>



This illustration was generated using artificial intelligence via Midjourney.

Long Ideas

Technicals

AAPL

ASML

NVDA

Legendary Trader Says Tesla, Nvidia, Apple Shares Are Ready To Rally: 'I See What I Like To See'

Investors have reacted poorly to President Donald Trump&#8216;s tariff plans as markets <a href="https://www.benzinga.com/federal-reserve/25/02/43478246/market-inflation-bets-soar-as-10-year-breakeven-rate-hits-16-month-peak-it-will-slow-federal-reserve-policy-rate-cuts">price in inflation</a> and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) briefly <a href="https://www.benzinga.com/government/regulations/25/03/44317410/sp-500-enters-technical-correction-as-trade-war-fears-rattle-markets">entered correction territory</a> on March 13.



National Economic Council Director Kevin Hassett defended Trump&#8217;s tariff decisions in an <a href="https://www.youtube.com/watch?v=9sgYuLM-lYg&amp;ab_channel=CNBCTelevision">appearance</a> on CNBC Monday morning.



&#8220;If you run it out over 10 years, the amount of tariff revenue that we&#8217;ve already collected&#8230; adds up to about a trillion dollars over 10 years, a trillion dollars we could use to give everyone a tax cut or reduce the deficit,&#8221; Hassett said.



Tariffs are taxes paid by American importers that are often passed along to consumers through price hikes. Opponents of Trump&#8217;s tariffs say his plans are inflationary and have already damaged financial markets. Although some countries, such as Canada, <a href="https://www.benzinga.com/news/25/03/44281882/canada-retaliates-with-20b-in-tariffs-on-us-goods-amid-trade-war">have responded negatively</a> to Trump&#8217;s tariffs, Hassett expects others to change their policies.



&#8220;Our expectation is there will be a lot of countries that do respond favorably to President Trump&#8217;s negotiations. President Trump is very flexible, he says that over and over, but my guess is there&#8217;s going to be a lot of countries that don&#8217;t&#8230; the countries that don&#8217;t are going to have to pay the tariffs,&#8221; Hassett said.



Economists and experts are largely opposed to Hassett&#8217;s insinuations to <a href="https://www.benzinga.com/news/econ-s/25/03/44205662/president-trump-wants-to-replace-income-tax-with-tariffs-national-economic-council-director-kevin-hassett-says">replace income taxes with tariffs</a>, citing tariffs&#8217; regressive nature that will leave low-income Americans paying more for goods.



Hassett says that between now and April 2, when Trump plans to implement reciprocal tariffs on other countries, &#8220;there will be some uncertainty&#8221; but thinks markets will see that Trump&#8217;s plans &#8220;make a great deal of sense.&#8221;



Also Read:



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44357674/restaurant-sales-sink-recession-warning-or-just-weather-driven-dip">Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?</a></li>
</ul>



Photo: Shutterstock

Hassett Acknowledges Tariff 'Uncertainty,' Says Trump's Plans Will 'Make A Great Deal Of Sense'

Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a <a href="https://www.benzinga.com/markets">bullish response from investors.</a>



Retail sales rose 0.2% month-over-month in February, rebounding from a concerning 1.2% decline in January but falling short of the 0.6% forecast. Yet, when excluding volatile categories, the picture looked slightly brighter.



The control group measure — which strips out sales from auto dealers, building materials, gas stations, office supply stores, mobile home dealers and tobacco retailers — rose 1% in February, fully offsetting January's 1% decline and significantly surpassing the expected 0.2% increase.



Despite this, concerns over a broader economic slowdown remain, with traders now looking ahead to Fed Chair Jerome Powell's speech on Wednesday for reassurance that the U.S. economy is not headed for a recession.



Major indices remained broadly flat, though small caps outperformed. Energy led sector gains, while consumer discretionary lagged.



In currency markets, the U.S. dollar index softened 0.3%, heading towards six-month lows. Gold continued to edge higher, hovering around the symbolic all-time high of $3,000 per ounce level.



Oil prices rebounded 0.8%, as crude rallied following President Donald Trump's vow to strike the Houthis in the Red Sea. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed 1.4%, recovering some ground after a 2% drop on Sunday.



<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day % chg</td></tr><tr><td>Russell 2000</td><td>2,059.31</td><td>0.7%</td></tr><tr><td>Dow Jones</td><td>41,698.02</td><td>0.5%</td></tr><tr><td>S&amp;P 500</td><td>5,649.40</td><td>0.2%</td></tr><tr><td>Nasdaq 100</td><td>19,690.47</td><td>-0.1 %</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:20 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.2% up to $564.16.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5% to $417.56.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.1% to $479.08.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.7%. </li>



<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.6%; the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 0.6%.</li>
</ul>



<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>



<ul>
<li>Shares of NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 2.6% on Monday, as investors braced for the company&#8217;s highly anticipated GTC AI conference, set to begin later in the day.</li>



<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) surged 3.6% after Moffett Nathanson upgraded its rating from &#8220;Neutral&#8221; to &#8220;Buy&#8221; and raised the stock's price target by $250 to $1,100.</li>



<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) tumbled 6% decline, giving back some of the gains from Friday </li>



<li>Chipmaker Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) jumped 7.6% after a Reuters report indicated incoming CEO Lip-Bu Tan may streamline operations by reducing middle management layers, optimizing chip production and launching new AI-focused semiconductors.</li>



<li>Chinese tech giant Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed 7.5% following the unveiling of Ernie X1, its latest artificial intelligence model. Baidu asserts that Ernie X1 delivers performance levels comparable to rival DeepSeek's AI but at only half the cost. </li>



<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) gained 4.4%, reaching $20.04, after JPMorgan upgraded the cruise operator&#8217;s stock to &#8220;Overweight&#8221; from &#8220;Neutral.&#8221;</li>



<li>In contrast, Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) tumbled 10% after Swedish fintech Klarna announced it would become the exclusive Buy Now, Pay Later provider for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>). Previously, Affirm held that exclusive partnership.</li>
</ul>



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44357674/restaurant-sales-sink-recession-warning-or-just-weather-driven-dip">Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?</a></li>
</ul>



Photo: Shutterstock

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

ETFs

AFRM

INTC

NCLH

NFLX

Wall Street Wavers On Mixed Retail Sales, Nvidia Falls Ahead Of GTC AI Conference, Intel Rallies: What's Driving Markets Monday?

U.S. retail sales edged up only slightly in February, falling well short of expectations and keeping alive concerns about consumer strength <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44355195/retail-sales-rebound-less-than-expected-in-february-online-healthcare-spending-show-strong-gains">after January's dire contraction.</a>



Yet, a closer look at the latest data continues to reveal pockets of resilience leaving investors and economists debating whether consumer demand is cooling or simply shifting. 



In data released Monday by the U.S. Census Bureau, the retail sales figure showed a 0.2% monthly growth in February, following a downwardly revised 1.2% drop in January. The headline figure missed economist estimates of 0.6%. 



<h3 class="wp-block-heading">Far From Being An Outright Recession</h3>



&#8220;The unfavorable surprise on U.S. headline retail sales—monthly growth of 0.2% compared to the consensus forecast of 0.6%—was not reflected in the other numbers in this data release,&#8221; said Mohamed El-Erian, chief economic advisor at Allianz.



A particularly important measure, known as the retail sales &#8220;control group&#8221;—which excludes spending at auto dealers, building materials, gas stations, office supply stores, mobile home dealers, and tobacco retailers—jumped 1% in February. This fully offset January's 1% decline and handily beat estimates of a modest 0.2% gain.



This control group is closely watched because it feeds directly into GDP calculations, making it a key indicator of underlying consumer demand. 



Joseph Brusuelas, chief economist at RSM US LP, said the data remains consistent with a slowing but still solid pace of household spending. 



&#8220;On a three-month average annualized pace, the control group advanced 2.6%,&#8221; Brusuelas said. &#8220;Yes, the economy is slowing, but not in line with anything near a recession yet.&#8221;



<h3 class="wp-block-heading">Restaurants And Bars See Sharp Drops</h3>



Not all areas of consumer spending fared well. 



One of the most striking data points was the decline in restaurant and bar sales, which fell 1.54% in February—the largest drop since February 2023, as highlighted by Kevin Gordon, senior investment strategist at Charles Schwabb. 



&#8220;Over the last three months, restaurant sales have collapsed 8.5% at an annual rate,&#8221; Reinassance Macro Research indicated.



This pullback suggests that discretionary spending may be softening as households become more selective about where to spend their money.



&#8220;Notable weakness in restaurants and bars—the largest decline in two years—with no growth over the last three months,&#8221; Gregory Daco, chief economist at Ernst &amp; Young US, said. 



&#8220;Spending growth at restaurant chains decelerated from -1.7% in January to -7.5% in February while spending at independent restaurants turned negative, failing from +2.6% in January to -2.7% in February,&#8221; Sara Senatore, analyst at Bank of America, wrote in a note Monday.



&#8220;We believe this sequential&nbsp;deceleration is largely a combination of negative weather trends that worsened from January and the impact of calendar shifts, including one less day (2024 had a leap day) and the Valentine&#8217;s Day shift from a Wednesday in 2024 to a Friday in 2025,&#8221; she added. 



<h3 class="wp-block-heading">Market Reaction: Consumer Staples Rally, Discretionary Stocks Lag</h3>



Stocks tied to non-discretionary consumer spending saw a solid rebound Monday, as investors rotated into defensive plays. 



The Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) rose 0.9%, led by Brown-Forman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>), which surged 2.8% on the back of rising U.S.-Europe trade tensions over whiskey tariffs. 



Other major gainers included Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), and Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), all of which climbed about 2%.



Meanwhile, the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) gained 1.1%, with notable jumps from Guess Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>), up 32%, EVgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), up 7%, and American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), up 6.8%.



However, the consumer discretionary sector struggled to gain traction. 



The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) inched up just 0.1%, weighed down by concerns over spending cutbacks. Still, a few travel and leisure names saw gains, with Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) each rising around 3%.



Read Next: 



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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44356114/top-3-tech-stocks-that-are-preparing-to-pump-this-quarter">Top 3 Tech Stocks That Are Preparing To Pump This Quarter</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Retail Sales

ABNB

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Restaurant Sales Sink: Recession Warning Or Just Weather-Driven Dip?

At least 42 people have died due to a storm system that devastated the Midwest and South over the weekend.  The powerful weather event left multiple states grappling with damage caused by dust storms, wildfires,<a href="https://www.benzinga.com/insights/analyst-ratings/25/03/44218216/forecasting-the-future-14-analyst-projections-for-progressive"> heavy rain and tornadoes.</a>



At least 52 tornadoes swept across seven states, including Illinois, Indiana, Missouri, Arkansas, Mississippi, Alabama and Louisiana,<a href="https://www.accuweather.com/en/severe-weather/severe-weather-disaster-40-dead-after-destructive-tornadoes-wildfires-and-dust-storms-sweep-across-us/1754990"> according</a> to AccuWeather. 



The National Weather Service confirmed multiple tornadoes touched down, including at least eight in Mississippi. The official numbers are expected to rise as more damage is assessed. The most powerful twister was an EF-4 recorded in Jackson County, Arkansas.



Read Next: <a href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon">DOGE Cuts To FTC Sow Confusion In Case Against Amazon</a>&nbsp;



The same weather system also sparked wildfires in Texas and Oklahoma, resulting in at least four deaths. A dust storm in Kansas led to a highway pileup involving 71 vehicles that claimed eight lives.



Nearly 1,100 flights were canceled between Friday and Saturday. As of Monday morning, over 120,000 customers were without power across several states,<a href="https://poweroutage.us/"> according</a> to PowerOutage.us. 



As the storm system moves off the East coast, communities and businesses will begin clean-up and recovery efforts.&nbsp;



Stocks To Watch: Insurance companies with exposure to the South and Midwest should be monitored as damage and loss assessments are completed and storm victims begin to file claims.&nbsp;



The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) operates several affected states including Alabama, Georgia, Illinois, Missouri, Tennessee and Texas.&nbsp;



Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has a significant market presence in Illinois, Missouri and Texas.&nbsp;



Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) also offers coverage across the Midwest and South, focusing on auto, home and other personal lines of insurance.&nbsp;



Investors can also monitor the insurance industry through the SPDR S&amp;P Insurance ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIE#NYSE">KIE</a>) which tracks the S&amp;P Insurance Select Industry Index and invests in various types of insurance companies. 



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44253259/uncertainty-rocks-the-trump-trade-how-maga-seven-stocks-look-now">Uncertainty Rocks The Trump Trade: How &#8216;MAGA Seven&#8217; Stocks Look Now</a></li>
</ul>



Image: Shutterstock&nbsp;

Travel

Severe Storm System Brings Devastation: At Least 42 Dead, Power Outages, Widespread Damage Reported

U.S. retail sales showed a rebound in February following a sharp decline in January, yet the pace of the broader recovery fell short of economists&#8217; expectations, underscoring some challenges facing the American economy <a href="https://www.benzinga.com/news/econ-s">in the first quarter.</a>



Retail sales rose 0.2% month-over-month in February 2025, following a downwardly revised 1.2% contraction in January, according to advance estimates from the U.S. Census Bureau released Monday. The figure missed economist projections of a 0.6% increase, as tracked by TradingEconomics.



On an annual basis, retail sales grew 3.1%, slowing from the previous downwardly revised 3.9% growth.



Yet, key data in the report revealed underlying strength across major consumer categories. 



Non-store retailers, a key gauge of online sales, rose by 2.4% month-over-month and health and personal care stores soared by 1.7%. 



Excluding gas stations and auto sales, retail sales rose 0.5% month-over-month, rebounding from January&#8217;s 0.8% decline and outperforming expectations of a 0.4% gain.



The control group measure—which excludes sales from auto dealers, building materials, gas stations, office supply stores, mobile home dealers, and tobacco retailers—climbed 1% in February, fully offsetting January's 1% drop and vastly outperforming the expected 0.2% increase.



<h3 class="wp-block-heading">Market Reaction</h3>



U.S. stock futures rebounded following the retail trade report. As of 8:40 a.m. Eastern Time, S&amp;P 500 futures were down 0.1%, trimming earlier losses.. 



On Friday, the S&amp;P 500—tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)—closed 2.1% higher but still logged its fourth consecutive weekly loss.



Meanwhile, gold futures were up 0.3% extending their rally, after having closed their 10th positive week out of the last 11.



The U.S. dollar Index – a key measure of the greenback's strength – was down 0.1%.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44352209/gtc-2025-could-reignite-nvidias-stock-rally-but-only-if-b300-ai-server-roadmap-and-scaling-concerns-are-addressed-says-top-analyst">GTC 2025 Could Reignite Nvidia&#8217;s Stock Rally, But Only If B300, AI Server Roadmap, And Scaling Concerns Are Addressed, Says Top Analyst</a></li>
</ul>



Photo: Shutterstock

Retail Sales Rebound Less Than Expected In February: Online, Healthcare Spending Show Strong Gains

In a move to replace U.S. components in its PC business, Chinese tech giant Huawei Technologies has made significant progress in creating its in-house computer chips



What Happened: Huawei&#8217;s chip design subsidiary, HiSilicon, has developed the Kirin X90 chip, which recently received a Level 2 national certification for security and reliability from the government-supported China Information Technology Security Evaluation Centre.



This voluntary certification enables companies to evaluate the security standards of their locally designed and manufactured computers, server CPUs, and systems, often acting as a gateway to adoption.



The company's in-house Kirin 9000C and Kirin 9006C chips, utilized in the Qingyun W515x personal computer and Qingyun L540 laptop, respectively, have already obtained certifications. The Qingyun computer series is tailored for government and enterprise users.



Huawei&#8217;s license to use Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows operating system is set to expire this month without renewal. According to a report from the Chinese news outlet Thepaper.cn, the company plans to launch PCs equipped with its own HarmonyOS system later this year.



SEE ALSO: <a href="https://www.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">Warren Buffett-Backed BYD Eyes Germany For Third European Plant Amid Tariff Concerns: Report</a>



Why It Matters: This development comes as Huawei seeks to replace U.S. components in its PC business amid ongoing U.S. sanctions. In May, Washington rescinded special licenses that had permitted chip suppliers Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) to sell older-generation semiconductors to Huawei which was used in its laptops and smartphones.



Furthermore, there are growing concerns in China about the escalating trade tensions with the US. Chinese President Xi Jinping has expressed fears that these <a href="https://www.benzinga.com/25/03/44161587/is-china-apprehensive-of-losing-the-trade-war-to-the-us-china-could-get-isolated-like-moscow-fears-xi-jinping">tensions might lead</a> to China&#8217;s isolation, similar to the Soviet Union&#8217;s during the Cold War.



Huawei&#8217;s development of its own computer chips and operating system is a significant move in this ongoing tech war, demonstrating the company&#8217;s efforts to reduce its reliance on American technology amid increasing sanctions and trade tensions.



<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/03/44355124/intels-new-ceo-charts-bold-revival-plan-warns-of-tough-decisions-ahead-reports">Intel&#8217;s New CEO Charts Revival Plan, Warns Of &#8216;Tough Decisions&#8217; Ahead: Report</a></li>
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Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

MSFT

QCOM

Huawei Develops In-House Chips To Counter US Sanctions, Leap Ahead In The Tech War

A renowned industry analyst has said that Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://in.benzinga.com/top-stories/25/03/44313558/nvidia-stock-reached-all-time-highs-after-jensen-huangs-ces-keynote-will-next-weeks-gtc-spark-another-surge">GTC 2025 conference</a> could serve as a key turning point for its stock—but only if the company tackles investor concerns around its next-gen AI chips, server production, and the future of scaling laws.



What Happened: In a detailed research note released Sunday, noted analyst Ming-Chi Kuo outlined what investors should watch for at Nvidia's GTC 2025, calling it a potential "short-term catalyst" for the chipmaker's share price rebound—if expectations are met.



"Nvidia's AI server investment trends hinge on three critical issues: the continuing effectiveness of scaling laws, the production ramp-up of new AI servers, and geopolitical uncertainties," Kuo wrote.



The centerpiece of Nvidia's hardware announcements will likely be the B300 AI chip, expected to deliver a 50% performance boost over its predecessor, the B200.



See Also:&nbsp;<a href="https://www.benzinga.com/news/management/25/01/43274796/jensen-huang-loses-20b-in-wealth-how-deepseek-hit-nvidia-stock-and-worlds-richest-people" target="_blank" rel="noreferrer noopener">Jensen Huang Loses $20B In Wealth: How DeepSeek Hit Nvidia Stock And World's Richest People</a>



Kuo says the B300's expanded high-bandwidth memory—from 192GB to 288GB—will be a highlight. It will come in both dual-die (CoWoS-L) and single-die (CoWoS-S) variants, with trial production beginning in the second quarter of 2025 and mass production in the third quarter.



The analyst also noted that the GB300 NVL72 server—designed to replace the widely anticipated but delayed GB200 NVL72—will maintain the same rack dimensions and power needs, making it easier for data centers to upgrade without major overhauls.



"The market widely recognizes the production hurdles of GB200 NVL72," Kuo said. "If Nvidia could highlight real-world data center deployments of GB200 NVL72, underscore the upgrade advantages from B200 to B300, and clarify the B300 production timeline, it could sharpen market expectations for the B300 investment thesis."



He added that edge AI devices are another emerging growth vector, though they will likely take a backseat at GTC, with AI PC solutions such as N1X and N1 expected to debut later this year at Computex.



Despite the conference's strong focus on server infrastructure, Kuo said geopolitical tensions are unlikely to be addressed in any meaningful way.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nvidia GTC 2025: Hardware Predictions and Investment Trend Analysis Click to read<a href="https://t.co/C05rJD5O8C">https://t.co/C05rJD5O8C</a> <a href="https://t.co/7SdS1WiUlx">pic.twitter.com/7SdS1WiUlx</a>&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1901266994214879331?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.Play



Why It's Important: The upcoming GTC 2025 conference is crucial for Nvidia as it follows a period of fluctuating stock performance. The company&#8217;s stock reached all-time highs after CEO Jensen Huang&#8217;s keynote at CES but has since seen a decline.



The GTC conference, often dubbed the Global AI Conference, is anticipated to be a pivotal moment for Nvidia, potentially sparking another surge in stock value.



In <a href="https://www.benzinga.com/news/24/03/37803088/nvidia-gtc-2024-ceo-huang-highlights-the-past-present-and-future-of-ai-a-new-industry-has-emerged">GTC 2024</a>, Huang underscored the transformative impact of AI, marking the emergence of a new industry.&nbsp;



Price Action: Nvidia&#8217;s stock rose 0.73% in pre-market trading on Monday to $122.56, following a 5.27% surge earlier on Friday, closing at $121.67. Year-to-date, the stock is down 12.03%, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



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<li><a href="https://www.benzinga.com/24/12/42260222/how-nvidia-ceos-clever-but-nerdy-pick-up-line-turned-a-homework-proposal-into-marriage-while-building-338-trillion-ai-chip-giant-along-the-way" target="_blank" rel="noreferrer noopener">How Nvidia CEO Jensen Huang's Clever Pick-Up Line Turned A Homework Proposal Into Marriage While Building $3.38 Trillion AI Chip Giant Along The Way</a></li>
</ul>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

GTC 2025 Could Reignite Nvidia's Stock Rally, But Only If B300, AI Server Roadmap, And Scaling Concerns Are Addressed, Says Top Analyst

U.S. stock futures fell again on Monday after Friday&#8217;s rally, as benchmark indices hovered around the correction zone. Futures of all four benchmark indices declined in premarket trading.



Investors will focus on the Federal Open Market Committee&#8217;s decision on interest rates slated to be released on Wednesday this week. The meeting will begin on Tuesday and Chairman Jerome Powell will address a press conference on Wednesday afternoon.



February&#8217;s retail sales data will be released today before the market opens. President Donald Trump&#8216;s tariff negotiations continue as traders wait for &#8220;reciprocal tariffs&#8221; which go into effect on April 2nd.



Meanwhile, Treasury Secretary Scott Bessent said Sunday that the Trump administration is working to prevent a financial crisis caused by years of excessive government spending. 



"I can guarantee we would have had a crisis if spending had continued at unsustainable levels," Bessent said <a href="https://www.cnbc.com/2025/03/16/treasury-secretary-bessent-says-white-house-is-heading-off-financial-crisis.html">on</a> NBC's Meet the Press. "We are resetting and putting things on a sustainable path.&#8221;



The 10-year Treasury yield stood at 4.29%, while the two-year yield was at 4.01%. According <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> the CME Group's FedWatch tool, there is a 99% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>-0.48%</td></tr><tr><td>S&amp;P 500</td><td>-0.49%</td></tr><tr><td>Dow Jones</td><td>-0.49%</td></tr><tr><td>Russell 2000</td><td>-0.63%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Monday. The SPY was down 0.39% to $560.64, and the QQQ also declined 0.41% to $477.70, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From The Last Session



On Friday, Technology, energy, and financials led a Friday surge in U.S. stocks, with the S&amp;P 500 rising over 2%.



Big tech shares, particularly Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), rebounded strongly, though overall stocks, including the Dow and S&amp;P 500, recorded weekly losses.



Conversely, consumer sentiment, as measured by the University of Michigan, fell to its lowest point since November 2022.



As of Friday&#8217;s close, the S&amp;P 500 index was 8.27% down from its previous high, which followed a bounce from Thursday&#8217;s 10.18% drawdown. Similarly, the Nasdaq 100 was 11.33% lower and Dow Jones was down 7.95% from its 52-week high as of Friday.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>2.61%</td><td>17,754.09</td></tr><tr><td>S&amp;P 500</td><td>2.13%</td><td>5,638.94</td></tr><tr><td>Dow Jones</td><td>1.65%</td><td>41,488.19</td></tr><tr><td>Russell 2000</td><td>2.53%</td><td>2,044.10</td></tr></tbody></table></figure>



Insights From Analysts



The CEO of Creative Planning, Peter Mallouk in an X post highlighted that over the last 75 years, the intra-year market drop has been 14% on average.



&#8220;Downside volatility is the price investors pay for long-term outperformance,&#8221; he added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the last 75 years, the average intra-year market drop has been 14%. If you are overly stressed out about the current 10% drawdown, the stock market isn't for you. Downside volatility is the price investors pay for long-term outperformance. <a href="https://t.co/dB995bwVkU">pic.twitter.com/dB995bwVkU</a>&mdash; Peter Mallouk (@PeterMallouk) <a href="https://twitter.com/PeterMallouk/status/1901355862347956640?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Mallouk further reiterated that market pullbacks are common and a complete recovery is inevitable over time. &#8220;Stay calm and stick with your long-term plan,&#8221; he said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stock market pullbacks happen every year, and they all have one thing in common: a complete recovery with the passage of time. Stay calm and stick with your long-term plan. <a href="https://t.co/fnHfoFUovd">pic.twitter.com/fnHfoFUovd</a>&mdash; Peter Mallouk (@PeterMallouk) <a href="https://twitter.com/PeterMallouk/status/1901386240366125390?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ryan Detrick of Carson Research also highlighted the historical data and underlined this was the fastest period of correction for the S&amp;P 500 after scaling a fresh high on Feb. 19. It just took the index 16 days to slip into the correction territory.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This was one of the fastest corrections ever. Here are all the times the S&amp;P 500 went from an ATH to down 10% within a month. Higher 3 and 6 months later every time doesn&#39;t sound like the worst news. <a href="https://t.co/y0mzaMhQo2">pic.twitter.com/y0mzaMhQo2</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1901249591229714860?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Additionally, Detrick underscored that the S&amp;P 500 has slid into a correction zone for 12 times since 1950 without going into a bear market.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Do you think this goes into a bear market? Since 1950, I found 12 other times stocks corrected 10% from an all-time high and didn&#39;t go into a bear market. 6 and 12 month later? Never lower. <a href="https://t.co/vAu3GsY8wI">pic.twitter.com/vAu3GsY8wI</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1901406424413995429?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



According to the Panic/Euphoria analysis model shared by Jay Kaeppel, the senior market analyst at SentimenTrader, the S&amp;P 500's decline was still not flashing a buy signal. However, from this point, investors could &#8220;Start looking for a buy signal,&#8221; at the current levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is this a "Buy" signal? IMO, no. Is this a "Start looking for a buy signal" signal? IMO, yes. Doesn't mean it will come soon or that things can't get worse as the first "dot" rarely marks the exact bottom (only in 2018). Still, the numbers are what they are. <a href="https://twitter.com/sentimentrader?ref_src=twsrc%5Etfw">@sentimentrader</a> <a href="https://t.co/6Xq1lk9kNj">pic.twitter.com/6Xq1lk9kNj</a>&mdash; Jay Kaeppel (@jaykaeppel) <a href="https://twitter.com/jaykaeppel/status/1900529743218286779?ref_src=twsrc%5Etfw">March 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul>
<li>On Monday, February&#8217;s U.S. retail sales and March&#8217;s Empire State manufacturing survey will be released at 8:30 a.m., ET.</li>
</ul>



<ul>
<li>January&#8217;s business inventories data and March&#8217;s homebuilder confidence index data will be out by 10:00 a.m., ET.</li>
</ul>



<ul>
<li>On Tuesday, February&#8217;s housing starts, building permits, and import price index data will be announced at 8:30 a.m., ET.</li>
</ul>



<ul>
<li>Also, February&#8217;s industrial production and capacity utilization data will be released at 9:15 a.m., ET.</li>
</ul>



<ul>
<li>On Wednesday, FOMC will announce its decision on interest rates at 2:00 p.m., and Federal Reserve Chairman Jerome Powell will address a press conference at 2:30 p.m., ET.</li>
</ul>



<ul>
<li>On Thursday, the initial jobless claims data for the week ended March 15 and the Philadelphia Fed manufacturing survey data for March will be out by 8:30 a.m., ET.</li>
</ul>



<ul>
<li>February&#8217;s existing home sales and U.S. leading economic indicators data will be released by 10:00 a.m., ET.</li>
</ul>



<ul>
<li>No data is scheduled to be released on Friday this week.</li>
</ul>



Stocks In Focus:



<ul>
<li>Science Applications International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) was up 1.51% in premarket on Monday as it is expected to report before the opening bell. Analysts expect earnings of $2.08 per share on revenue of $1.81 billion.</li>
</ul>



<ul>
<li>Getty Images Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) advanced 2.45% as Wall Street expects it to report earnings of 4 cents per share on revenue of $246.31 million after the closing bell.</li>
</ul>



<ul>
<li>Consolidated Water Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) rose 0.24% as it is expected to report after the closing bell. Analysts expect earnings of 28 cents per share on revenue of $33.60 million.</li>
</ul>



<ul>
<li>Castellum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) slumped 20.64% after announcing the price of $4.5 million worth of proposed public offering of common stock and warrants at $1 per unit.</li>
</ul>



<ul>
<li>Gogo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) plunged 26.97% after reporting a fourth-quarter EPS loss of $0.22, significantly below the $0.0567 forecast, but exceeded revenue expectations with $137.8 million versus the projected $97.28 million.</li>
</ul>



<ul>
<li>Eagle Bancorp Montana Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBMT#NASDAQ">EBMT</a>) dropped 16.91% after disclosing a material weakness in internal controls regarding borrowing classifications in cash flow statements, posing risks of financial misstatements, reputational damage, reduced investor confidence, and potential legal and regulatory issues.</li>
</ul>



Commodities, Gold And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 1.03% to hover around $67.60 per barrel.



The gold spot index was up by 0.28% to $2,990.85 per ounce. Its last record high was at $3,005.08 per ounce. The Dollar Index was unchanged at the 103.719 level.



Most Asian markets closed higher on Monday except China&#8217;s CSI 300 index. On the other hand, Japan's Nikkei 225, South Korea's Kospi, Australia's ASX 200, Hong Kong's Hang Seng, and India's S&amp;P BSE Sensex advanced. European markets were higher in trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/03/44350479/warren-buffett-plans-to-sell-his-real-estate-brokerage-but-its-not-a-bet-against-us-home-prices-says-analyst-as-f">Warren Buffett Plans To Sell His Real Estate Brokerage, But It&#8217;s &#8216;Not… A Bet Against US Home Prices,&#8217; Says Analyst As Fed Expects To Keep Rates Unchanged</a></li>
</ul>



Photo courtesy: Shutterstock

Analyst Color

Asia

Earnings Beats

Earnings Misses

Macro Notification

Bonds

Guidance

Emerging Markets

Eurozone

Commodities

Forex

Treasuries

Analyst Ratings

EBMT

GOGO

US Stocks Likely To Open Lower As Futures Decline: 'Stay Calm And Stick With Your Long-Term Plan,' Says Expert Amid Correction Woes

President Donald Trump's decision to slap tariffs on Canada, Mexico and China includes levies on auto imports from all three countries. Additionally, 25% tariffs on steel and aluminum were tacked on and triggered on March 12.



S&amp;P Global said the most likely scenario is an "extended disruption period lasting 16 to 20 weeks," with "several high exposure vehicles" either slowing or ceasing production.



That's bad news for many car makers, who ship steel, parts and even whole vehicles across North America before they're sold. 



But look deeper and some sectors of the auto industry may actually prosper from these tariffs.



Here are four car companies set to benefit from the tariff tit-for-tat. 



Market experts say disruption is the rule going forward across the globe – and with American and European automakers looking better going forward.



"Trump&#8217;s tariffs on steel, aluminum, and Chinese imports are placing production expense on American automakers, constricting margins for foreign-part-dependent companies," said Fei Chen, founder and CEO at Intellectia.AI, a financial intelligence company.



"Diversified Japanese and European automakers are less impacted. Chinese automakers, especially BYD and Geely, could benefit most as China doubles down on domestic EV manufacturing and export efforts, focusing on tariff-friendly markets in Asia, the Middle East, and Latin America," Chen said.



High tariff activity is causing automaker CEOs to alter their strategic planning, which casts additional clouds on auto stocks.



"Right now, the administration's tariffs are forcing automakers to examine their supply base to see what the easiest shifts may be to ease some of the burden on what components are produced where," said Brian Sponheimer, portfolio manager at Gabelli Funds. "For production of full product lines to be moved from Mexico or Canada to the US, the cost would be measured in billions, so automakers must choose whether that cost makes sense on a long-term basis given the potential for a tariff increase that may not be measured in multiple years."



<h2 class="wp-block-heading">Auto Stocks To Test Drive In 2025</h2>



In such a chaotic sector environment, which auto stocks stand out during the tariff wars? Here's what industry experts have to say.



Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) – Tesla hasn't gotten off to a great start, but tariffs may give the stock a much-needed tune-up. "Love it or hate it, they&#8217;re the EV champs," said Alex Black, chief marketing officer at EpicVIN. "Tariff-free importation of strategic battery components plus brand loyalty will sustain them."



Toyota (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) This Japanese automaker should continue to thrive mainly due to its diverse supply base and strong hybrid offerings, making Toyota "tariff and rising production cost-resistant," Chen said.



BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) The Chinese giant EV maker, with strong demand, is growing in Europe and Latin America. "They&#8217;re vertically integrated, so they have cost control superior to most," Black said.



Chen agreed. "As the automaker expanding beyond U.S. borders, it's escaping tariffs as it capitalizes on global EV demand." 



General Motors (NYSE: GM), a home grown legend, GM has based its domestic production in Detroit MI, and "now it's in prime position to be at the forefront of production locally and to combat the challenges that most other car manufacturers will face among these new regulations," said Lucas Barcelo, founder at Thrivin Life, an automation and analytics marketing company.



"GM has a good diversified supply chain, their domestic production will allow them to mitigate tariff impact, they have remained relatively financially strong over the years, and now we'll get to see how they adapt and innovate among big changes &#8211; this is their chance to shine," Barcelo added.



Used car specialists: Tariffs raise costs, making consumers less likely to purchase a new vehicle.



"This makes stocks that generate profits from the used vehicle market and through service and parts more likely to benefit on a relative basis," Sponheimer said. "We have long appreciated the dealer model that AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) and Penske (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) employ, driving over half of gross profits from parts and service."



Additionally, CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) will likely experience an inflection in the addressable market for late-model used vehicles starting in 2H, Sponheimer added. "With more consumers looking to purchase used vehicles, the company should benefit from volatility in the new market." 



<h2 class="wp-block-heading">Takeaway On Tariffs And Auto Stocks</h2>



When kicking tires on auto stocks, extend that research into auto aftermarket companies, which tend to get overlooked by investors.



"The US new vehicle market is in the range of 15-17 million units in a typical year, and the used market is 40 million in annual sales, and the total vehicle population in the United States is over 290 million vehicles," Sponheimer said.



He likes companies that service the larger, less cyclical total vehicle population, where the average vehicle age is nearing 13 years old.



"These vehicles require service, particularly as complexity has skyrocketed," Sponheimer noted. "So this automotive aftermarket produces outstanding business models with outstanding cash flow characteristics."



Additionally, the aftermarket tends to be an area where inflationary pressure can be passed along. "This is typically a fertile fishing ground for auto stocks," he added.



<h2 class="wp-block-heading">Finally, The Investing Edge You've Been Searching For</h2>



Today, you can get immediate access to lightning-fast market alerts &amp; insights delivered daily for less than $11 a month. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/">HERE</a> to start investing with an edge today. 



Photo: Shutterstock

Opinion

BYDDY

4 Auto Stocks Set To Benefit From Trump's Tariffs

Leading cryptocurrencies dipped on Sunday as investors braced for the Federal Reserve's decision on interest rates.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.60%</td><td>$82,939.09</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.00%</td><td>$1,899.03</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-3.62%</td><td>$0.1701</td></tr></tbody></table></figure>



What Happened: Bitcoin witnessed a choppy trading day, oscillating between $85,000 and $82,000. The apex cryptocurrency recovered some losses last week, rising 2.21%.



The asset shed over 11% of its value in the first quarter, a stark contrast to the 51% returns it has provided on average.



Ethereum wiggled in the $1,860-$1,930 range throughout the day and was down over 7% in the last week. Its quarterly losses have widened to 42%.



Over $256 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $177 million.&nbsp;



Bitcoin's Open Interest fell 2.76% over the last 24 hours due to long liquidations. That said, the percentage of traders positioned long on the apex digital asset surged to 52%, according to the Long/Short Ratio, suggesting that traders bought the dip.



The market remained in the "Fear" zone, according to the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>BinaryX (BNX)</td><td>+26.13%</td><td>$1.41</td></tr><tr><td>Helium (HNT)</td><td>+3.38%</td><td>$3.20</td></tr><tr><td>OKB (OKB)</td><td>+3.32%</td><td>$48.08</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.71 trillion, marking a&nbsp; 2% decrease over the previous day.



Stock futures edged lower Sunday evening. The Dow Jones Industrial Average Futures fell 156 points, or 0.37%, as of 8:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slid 0.45%, while Nasdaq 100 Futures dropped 0.51%



The market was coming off a losing week, with the Dow Jones Industrial Average and the S&amp;P 500 falling 2.38% and 0.75%, respectively.



The Fed's policy meeting will be the focus of this week. According to the CME FedWatch tool, the central bank is widely <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">expected</a> to keep interest rates unchanged.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Widely followed cryptocurrency analyst Ali Martinez described $81,400 as a "big" test for Bitcoin, and if it remains above that level, the apex cryptocurrency&#8217;s upward trend will continue.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> big test: $81,400 support! Staying above it keeps the uptrend alive. <a href="https://t.co/bvQgJPHLKE">pic.twitter.com/bvQgJPHLKE</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1901227444318949402?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Martinez also noted an ascending triangle pattern for Bitcoin, predicting that a "sustained close" outside the triangle [∼ 84,500] could trigger an 8% upside.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is ready to break out! A sustained close outside of this triangle will trigger an 8% price move. <a href="https://t.co/yxwoYw7MHH">pic.twitter.com/yxwoYw7MHH</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1901328496355389600?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another popular cryptocurrency market commentator, Michaël van de Poppe, predicted a &#8220;strong and green&#8221; week if there's no altcoin dump on Monday.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Surprisingly, not a massive dump on Sunday. Big macro-economic week coming up for the markets. I assume that, if we don&#39;t have another dump on Monday for <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>, that, finally, the next week is going to be strong &amp; green.&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1901350504497868803?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Image via Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348215/bitcoin-whale-takes-332-million-short-position-heres-where-it-gets-liquidated">Bitcoin Whale Takes $332 Million Short Position, Here&#8217;s Where It Gets Liquidated</a></li>
</ul>

Movers

Bitcoin, Ethereum, Dogecoin Slide Ahead Of Fed's Interest Rate Decision: Next Week To Be 'Strong & Green' If Altcoins Don't Get Dumped On Monday, Says Trader

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) sent a Japanese radar satellite into orbit on Saturday and is now prepping for another mission just three days later.



What Happened: On Saturday, <a href="https://www.benzinga.com/quote/RKLB">Rocket Lab</a> completed its 61st mission, "The Lightning God Reigns," from Launch Complex 1 in Māhia, New Zealand.



The mission deployed the QPS-SAR-9 satellite into a 575-kilometer circular Earth orbit for the Japanese customer Institute for Q-shu Pioneers of Space, Inc. (IQPS).



It marked the second mission Rocket Lab has executed for IQPS following a launch in December 2023.



See Also:&nbsp;<a href="https://in.benzinga.com/25/02/43456592/tesla-researcher-expects-cybertruck-deliveries-to-fall-in-2025-order-backlog-is-gone" target="_blank" rel="noreferrer noopener">Tesla Cybertruck Headed For A Sales Crash In 2025? Analyst Sounds The Alarm, Predicts Elon Musk-led EV Giant Will Move Less Than A Third Of Street Estimates</a>



The satellite is part of IQPS's synthetic aperture radar (SAR) constellation, designed to deliver high-resolution, all-weather Earth imagery.



According to Rocket Lab, the Lightning God Reigns mission is the first of eight upcoming launches for IQPS—one of the company's largest Electron launch agreements to date—with five more expected in 2025 and two more in 2026.



Just three days later, on Tuesday, it plans to launch Mission 62, "High Five," which will deploy five satellites for French Internet of Things company Kinéis. The launch is the fifth and final in a multi-mission deal to complete the Kinéis satellite constellation.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;ve rolled out and we&#39;re ready for launch tomorrow &#8211; our second mission from LC-1 in three days &#x1f680;&#x1f680; The &quot;High Five&quot; mission for <a href="https://twitter.com/KineisIoT?ref_src=twsrc%5Etfw">@KineisIoT</a> is the final in a 5-launch deal to complete their constellation &#8211; though with an instantaneous launch requirement, a weather system… <a href="https://t.co/wjotvWCKaD">pic.twitter.com/wjotvWCKaD</a>&mdash; Rocket Lab (@RocketLab) <a href="https://twitter.com/RocketLab/status/1901404741672079788?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It's Important: Last month, Rocket Lab announced its <a href="https://in.benzinga.com/general/space/25/02/44027404/rocket-lab-q4-earnings-revenue-beat-eps-beat-new-satellite-product-multi-launch-agreement-shares-slide-on-soft-guidance">fourth-quarter financial</a> results, reporting $132.39 million in revenue and surpassing the $130.58 million consensus estimate. The company posted a loss of 10 cents per share, matching analyst expectations, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.



RKLB Price Action: Rocket Lab shares rose 7.06% on Friday, closing at $18.81. However, in after-hours trading, the stock was down 0.053% at the time of writing.



Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



Photo via Shutterstock



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/02/43455022/fords-mustang-mach-e-was-its-saving-grace-in-january-as-sales-of-its-other-evs-dipped" target="_blank" rel="noreferrer noopener">Mustang Mach-E Accelerates Ford&#8217;s EV Sales In January Even As F-150 Lightning Slows Down</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

RKLB

Rocket Lab Launches 'Lightning God Reigns' Mission, Sets Sights On 'High Five' Launch Just Three Days Later

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