Dow Jones Futures Rise As Oil Prices Hit Resistance At $100; Nvidia GTC, Micron Earnings Ahead

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• ED CARSON
• Updated 11:05 PM ET 03/15/2026

Dow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures. U.S. crude oil prices briefly topped $100 a barrel but have pulled back. Chinese economic data came in stronger than expected.

The Nvidia (NVDA) GTC event and Micron Technology (MU) earnings loom, but oil futures and Iran war headlines will likely continue to drive the stock market action.↑XNOW PLAYINGWhat’s Next After Rally Failure? Verizon, Comfort Systems, Micron In Focus

The stock market fell for a third straight week as crude oil prices continued to surge with big swings. The major indexes are all at or nearly at 2026 lows.

Meta Platforms (META) is mulling laying off 20% or more of employees to offset artificial intelligence infrastructure bets, Reuters reported Friday night, citing sources. That also comes after a report of problems with its “Avocado” AI model.

Nvidia CEO Jensen Huang will give a keynote address Monday while Micron earnings are late Wednesday, both critical to the chip and AI infrastructure trade. Nvidia stock rose last week, but is hitting key resistance.

Micron stock surged into a buy area in a brand-new base. Fellow memory plays Sandisk (SNDK), Western Digital (WDC) and Seagate Technology (STX) also were strong last week, setting up after a strong start to 2026.

Nvidia stock is on Leaderboard. Micron stock is on the IBD 50. Micron, Sandisk and Western Digital stock are on the IBD Big Cap 20.

Dow Jones Futures Today

Dow Jones futures rose 0.5% vs. fair value. S&P 500 futures advanced 0.5% and Nasdaq 100 futures climbed 0.5%.

U.S. crude oil futures edged higher to about $99 a barrel after climbing Sunday evening to nearly $102.

The 10-year Treasury yield edged down to 4.26%.

China’s January-February retail sales rose 2.8% vs. a year earlier, beating estimates for 2.5%. Industrial production grew 6.3%, above views for 5.3%. Fixed-asset investment climbed 1.8% vs. consensus for a 5.1% decline.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Iran War News

The Trump administration plans to announce as soon as this week a coalition of countries agreeing to escort ships through the Strait of Hormuz, the Wall Street Journal reported, citing sources. But it’s unclear if operations would begin before hostilities end. On Saturday, President Donald Trump called on other countries to send warships to help reopen the Strait, spurring cautious public responses. Iran said the Strait is open, except for the U.S. and its allies

Late Friday, the U.S. attacked military targets on Kharg Island, a key Iranian oil export hub. President Trump said he didn’t strike Kharg’s oil infrastructure, but threatened to.

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Stock Market Rally

The stock market rally saw the key indexes fall for a third straight week as Iran war news and surging oil prices pressure equities. The Dow Jones and S&P 500 undercut recent lows on Friday while the Nasdaq fell below its 200-day moving average. The Dow Jones and S&P 500 are just above that long-term support.

The Dow Jones Industrial Average lost 2% in last week’s stock market trading. The S&P 500 index slumped 1.6%. The Nasdaq composite retreated 1.3%. The small-cap Russell 2000 stepped down 1.8%.

The S&P 500 and Dow undercut their March 9 lows on Friday, ending their rally attempts. The Nasdaq just held its March 9 lows, so its rally attempt is hanging on by a thread. Technically a Nasdaq follow-through day is still possible any day, though it would likely be viewed with skepticism.

The Invesco S&P 500 Equal Weight ETF (RSP) lost 2.3%, tumbling from the 50-day line to a two-month low.

The 10-year Treasury yield jumped 15 basis points to 4.28%. The Federal Reserve meets this week, but policymakers aren’t expected to make any moves before the summer or fall.

U.S. crude oil futures soared 8.6% to $98.71 a barrel last week, their highest close since July 2022. Oil prices have skyrocketed 57% over the last four weeks.

The U.S. and other major nations agreed to a record release of petroleum reserves, but tanker attacks, production cuts and a still-closed Strait of Hormuz are pushing prices of crude oil, natural gas higher, as well as fertilizer and key chemicals.

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