--- title: "U.S. Stock Market Outlook | Three Major Index Futures All Decline, Brent Crude Continues to Rise Approaching $85, Gold and Silver Plummet Amid Inflation Concerns" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277618299.md" description: "U.S. stock index futures all fell, with NASDAQ futures down 1.74%, S&P 500 futures down 1.67%, and Dow futures down 2.13%. Major European stock indices also generally declined. Meanwhile, WTI crude oil rose by 8.83%, and Brent crude oil increased by 9.09%. Gold and silver prices plummeted due to inflation concerns, with spot gold down over 3% and spot silver down nearly 9%. Goldman Sachs warned that U.S. stocks may need further correction before starting a new round of increases" datetime: "2026-03-03T12:16:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277618299.md) - [en](https://longbridge.com/en/news/277618299.md) - [zh-HK](https://longbridge.com/zh-HK/news/277618299.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277618299.md) | [English](https://longbridge.com/en/news/277618299.md) # U.S. Stock Market Outlook | Three Major Index Futures All Decline, Brent Crude Continues to Rise Approaching $85, Gold and Silver Plummet Amid Inflation Concerns ## Pre-Market Market Trends 1. As of March 3rd (Tuesday), U.S. stock index futures are all down before the market opens. As of the time of writing, Nasdaq futures are down 1.74%, S&P 500 futures are down 1.67%, and Dow futures are down 2.13%. ![21.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260303/1772539683357308.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) 1. As of the time of writing, the German DAX index is down 3.96%, the UK FTSE 100 index is down 2.71%, the French CAC 40 index is down 2.95%, and the Euro Stoxx 50 index is down 3.62%. ![22.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260303/1772539688248160.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) 1. As of the time of writing, WTI crude oil is up 8.83%, priced at $77.52 per barrel. Brent crude oil is up 9.09%, priced at $84.81 per barrel. ![23.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260303/1772539692104591.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Market News **The conflict in the Middle East continues, but gold and silver suddenly plummet! Inflation concerns scare off safe-haven buying.** On Tuesday, precious metals, seen as safe-haven assets, fell after rising for four consecutive trading days, as traders weighed the pros and cons between the escalating situation in the Middle East and a stronger dollar amid high inflation expectations. As of the time of writing, spot gold is down over 3%, priced at $5145.51 per ounce; spot silver is down nearly 9%, priced at $81.29 per ounce. The conflict in the Middle East has led to soaring energy prices, which may gradually translate into inflation data, increasing the likelihood that the Federal Reserve will keep interest rates unchanged for a longer period. High interest rates typically put pressure on non-yielding precious metals, and a stronger dollar has the same effect. The dollar index has risen over 1% so far this week. Traders now believe there is only a 50% chance that the Federal Reserve will implement a second rate cut this year. Traders currently expect the Federal Reserve to cut rates in September, later than previously anticipated. **Goldman Sachs warns that the market will experience a "painful path"! Under geopolitical storms, U.S. stocks may first pull back and consolidate before reaching new highs.** Goldman Sachs' trading team warns that U.S. stocks may need to pull back further before embarking on a new round of sustainable upward movement. In their latest research report, Goldman Sachs' trading team mentioned that the core logic behind predicting a significant pullback in U.S. stocks before a new round of rebound is the fragile market sentiment, the fluctuating global capital flows, and the U.S. macro backdrop that broadly supports bull market logic has hardly played a positive role in absorbing the ongoing geopolitical tensions in the Middle East and the significant volatility in commodity prices. In Goldman Sachs' view, the current market is more likely to be in a phase of "first experiencing a round of turbulence/pullback consolidation, then attempting to effectively break through 7000 points (S&P 500), thereby achieving a new round of bull market." Furthermore, what truly determines whether U.S. stocks can maintain a strong bull market after a pullback is not the conflict itself, but whether the impact of oil prices is sustained, whether the transportation through the Strait of Hormuz is interrupted for a long time, and whether the resulting inflation/rate cut expectations continue to deteriorate **Oil prices soar, rewriting forex trading logic! Wall Street's bearish bets on the dollar begin to loosen.** JP Morgan's foreign exchange strategist team stated that as the military conflict between the U.S.-Israel and Iran escalates, leading to significant disruptions in oil and LNG transportation across the Middle East, the ongoing impact of rising oil prices poses the greatest threat to the financial institution's prediction that "the dollar will weaken significantly this year." For many Wall Street firms, including JP Morgan, which hold a bearish stance on the dollar, the logic behind their bearish dollar trades faces a significant test due to the rising oil prices—if oil prices continue to rise and break through $100, the bearish logic on the dollar may completely collapse. **Inflation remains high amid geopolitical risks, Yellen: The Fed will be more cautious about rate cuts, even choosing to "stay put."** Former U.S. Treasury Secretary and former Fed Chair Janet Yellen stated that the duration of the impact of the Iran conflict on the oil market will determine the extent of its impact on U.S. economic growth and inflationary pressures, complicating the Fed's decision-making. Yellen pointed out that the current U.S. inflation rate is about 1 percentage point higher than the Fed's 2% target, and the tariff policies of the Trump administration have contributed approximately 0.5 percentage points to the current 3% inflation rate. Yellen stated that given the Fed has not yet brought inflation back to the 2% target, "they must be wary of market participants potentially developing the concern that the Fed has indeed reduced the inflation rate to 3%, but may not genuinely intend to push it down to 2%." "If this mindset forms, the Fed will worry about inflation becoming permanently elevated, making policy trade-offs more difficult, which is also why they are more inclined to stay put." ## Individual Stock News **Middle East conflict continues, U.S. stocks diverge.** On Tuesday before the market opened, most oil stocks rose, with ConocoPhillips (COP.US) up over 3%, ExxonMobil (XOM.US) and Chevron (CVX.US) up nearly 2%; defense stocks strengthened, with Lockheed Martin (LMT.US) and Raytheon Technologies (RTX.US) up over 1%. Airline stocks fell broadly, with American Airlines (AAL.US) down over 3%, Delta Air Lines (DAL.US) and United Airlines (UAL.US) down over 4%; star tech stocks also fell broadly, with AMD (AMD.US) down over 4%, NVIDIA (NVDA.US), Broadcom (AVGO.US), Oracle (ORCL.US), and Google (GOOGL.US) down nearly 3%; memory stocks declined, with SanDisk (SNDK.US) down over 7%, Micron Technology (MU.US) down nearly 6%, Western Digital (WDC.US) and Seagate Technology (STX.US) down nearly 5%. **Apple (AAPL.US) and Google (GOOGL.US) deepen AI collaboration, Siri's computing power demand spurs new managed server model.** According to reports, the two parties reached an agreement on the Gemini model authorization at the beginning of the year, and this collaboration has now expanded into the cloud infrastructure sector. Sources revealed that due to the surge in computing power demand from the next-generation Siri and Apple Intelligence, Apple is negotiating with Google to plan for hosting and operating a server cluster specifically supporting Siri's backend operations at Google's data centers According to informed sources, Google had previously conducted research on deploying servers within data centers. Google plans to adhere to Apple's strong privacy standards. The report indicates that Google Cloud currently provides several key services to Apple, including online data storage and some internal AI model training tasks for Apple. **$79 billion debt burden! Paramount Global (PSKY.US) acquisition triggers credit avalanche, Fitch first downgrades its rating to "junk."** Fitch released a report announcing that it has officially downgraded Paramount Global and its subsidiaries' long-term issuer default rating from the investment-grade edge of "BBB-" to "BB+", which is considered "junk" or "speculative." The rating agency also stated that Paramount Global is under negative watch, pending clarification of transaction terms, financing, and deleveraging measures. Fitch pointed out that although the merger with Warner has significant scale effects and content synergy potential, the acquisition has led to an immediate spike in the new company's leverage. According to financial forecasts, the merged entity will carry a massive net debt of $79 billion, and this financial structure's fragility significantly weakens its ability to withstand risks in the current highly competitive and structurally changing media environment. As of the time of writing, Paramount Global's stock fell over 5% in pre-market trading on Tuesday. **Target (TGT.US) Q4 earnings exceed expectations, sales expected to recover growth in FY2026.** The financial report shows that Target's Q4 sales decreased by 1.5% year-on-year to $30.45 billion, slightly below the market expectation of $30.5 billion; adjusted earnings per share were $2.44, better than the market expectation of $2.15. Comparable sales fell by 2.5%, slightly higher than the market expectation of 2.4%. The company expects sales to recover growth in the current fiscal year, after three consecutive years of decline. Target stated that net sales in FY2026 are expected to grow by about 2% compared to FY2025, adding that the company anticipates net sales will grow in every quarter of the year. Target's forecast aligns with analyst expectations. The company expects adjusted earnings per share for the year to be between $7.50 and $8.50, with the midpoint of the forecast range above the market expectation of $7.63. As of the time of writing, Target's stock rose over 5% in pre-market trading on Tuesday. **Strong performance hard to offset AI anxiety! MongoDB (MDB.US) provides weak guidance, stock price plummets in pre-market.** Despite MongoDB reporting strong fourth-quarter results, the quarterly performance guidance provided by the document database platform provider fell short of market expectations, causing investors already concerned about the potential disruption of its business by the rise of AI to feel uneasy again. The company reported a 27% year-on-year revenue growth in Q4 to $695.1 million, better than the market expectation of $670.1 million; adjusted earnings per share were $1.65, exceeding the market expectation of $1.48. The cloud database software business Atlas, which investors are particularly focused on, also performed well, with revenue growing by 29% year-on-year. However, the company expects revenue for the first quarter of the fiscal year ending in April to be between $659 million and $664 million, with the midpoint of the forecast range below the market expectation of $662.5 million; adjusted earnings per share are expected to be between $1.15 and $1.19, with the midpoint of the forecast range below the market expectation of $1.20 As of the time of writing, MongoDB plummeted nearly 27% in pre-market trading on Tuesday. **Co-founder plans to sell $280 million worth of stock, Palantir (PLTR.US) declines in pre-market.** The latest regulatory filings show that Palantir co-founder Peter Thiel plans to sell up to 2 million Class A shares worth $280 million through Merrill Lynch on March 3. According to documents from the U.S. Securities and Exchange Commission (SEC), Thiel last reduced his stake in Palantir in October 2024. Since the company's founding in 2003, Thiel has been one of the largest individual shareholders and serves as chairman. As of the time of writing, Palantir fell over 3% in pre-market trading on Tuesday. **uniQure (QURE.US) Huntington's disease gene therapy faces setbacks, continues to decline in pre-market.** Gene therapy company uniQure had hoped that its Huntington's disease candidate drug AMT-130 would receive accelerated approval from the U.S. FDA, but this expectation has recently fallen through. The FDA has clearly informed the biopharmaceutical company that a randomized, double-blind, sham surgery-controlled Phase III clinical trial is required. According to a press release from the company, uniQure had previously planned to apply for approval based on data from a Phase I/II study compared to an external control. However, the FDA believes that the existing data is insufficient to "serve as the primary evidence of efficacy required to support the AMT-130 marketing application." Following a drop of about 33% on Monday, as of the time of writing, uniQure fell nearly 8% in pre-market trading on Tuesday. ## Important Economic Data and Event Forecasts Beijing time 22:55 FOMC permanent voting member and New York Fed President Williams will speak. Beijing time 23:10 2028 FOMC voting member and Kansas Fed President George will speak on monetary policy and economic outlook. Beijing time the next day 00:55 2026 FOMC voting member and Minneapolis Fed President Kashkari will speak. 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