Dow Jones Futures: Stock Market Rallies As Oil Prices Tumble; Micron, Nvidia Are Key Movers

2026-03-20 05:03:39

Futures for the Dow Jones Industrial Average and other major stock indexes traded slightly lower ahead of Tuesday’s open. The stock market rebounded Monday, as oil prices tumbled after briefly topping the $100 price level in overnight trading.

Meanwhile, Karman (KRMN), Micron Technology (MU), Nvidia (NVDA) and SolarEdge Technologies (SEDG) were key movers Monday.

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Oil prices dived more than 5% Monday, settling around $93.50 a barrel, after Treasury Secretary Scott Bessent told CNBC that the U.S. is allowing Iranian oil tankers to pass through the Strait of Hormuz.

Karman shares rallied 4.2% Monday, moving closer to an early buy trigger at 107.56. They are forming a cup base with a conventional buy point at 118.38.

Micron stock climbed 3.7%, topping an early buy trigger at 436.89. Shares are approaching a conventional buy point at 455.50. Bullishly, the stock’s RS line triggered the Blue Dot during Monday’s move. Micron earnings are due Wednesday.

Nvidia stock slashed gains to around 1.6% Monday, snapping a two-day losing streak. Shares found resistance at their 50-day moving average, a key level to watch. During Monday’s session, Chief Executive Jensen Huang gave the keynote speech at the GTC conference in San Jose, Calif.

Finally, SolarEdge shares surged nearly 9%, nearing a handle entry at 44.43.

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**Find The Next Palantir, Nvidia Or Hot IPO. Here’s How.

This Week’s Earnings Results: FedEx, Micron

Earnings season heads toward its finish this week with FedEx (FDX) and Micron headlining this week’s earnings calendar.

Alibaba (BABA) and Elbit Systems (ESLT) are also set to report.

**GE Aerospace Flies Into Buy Range With Its ‘AI Wingmate’ In Tow

Stock Market Today: Fed Meeting

The Federal Reserve’s two-day policy meeting kicks off Tuesday and concludes Wednesday with an interest rate decision and quarterly projections for its key policy rate.

December’s Fed projections penciled in just one rate cut in 2026. The new data will probably stick to that. The key economic variable is the length of the war and its impact on the price of oil, which the Fed won’t try to predict.

The stakes for the meeting are low, since markets don’t even see 50-50 odds of a rate cut before October. Wednesday morning’s producer price index will clarify where the Fed’s key inflation rate, the PCE price index, stands for February, after topping 3% in January. But persistent inflation is balanced out by the still-soft jobs data.

**Here’s How To Analyze Stocks Like Nvidia In Bull And Bear Markets

Dow Jones Futures Today: Treasury Yields

On Monday, the Dow Jones Industrial Average climbed 0.8%, or 387 points, while the S&P 500 gained 1%. The Nasdaq composite advanced 1.2%. The 10-year U.S. Treasury yield dropped to 4.22%.

Ahead of Tuesday’s opening bell, Dow Jones futures traded down 0.2% as S&P 500 futures fell 0.3%. Nasdaq 100 futures also lost 0.3% in overnight trade. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

**How To Invest Newsletter: Nvidia Earnings And This Sneak Peek

What To Do In Current Stock Market

Following the recent negative action on the major stock indexes, now is an important time to read IBD’s The Big Picture column. And on Monday’s “IBD Live” show, the team discussed current trading conditions and stock market action.

An essential resource for daily breakouts is IBD MarketSurge’s “Breaking Out Today” list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. There was one new breakout Monday, namely United Natural Foods (UNFI). Shares broke out past a 41.90 cup-with-handle buy point.

Meanwhile, the MarketSurge “Near Pivot” list shows more stocks nearing buy points in bases. For example, Ubiquiti (UI) is approaching a 803.47 cup-with-handle entry.

To find more stock ideas, check IBD Stock Lists like the IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.

Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

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