3 Catalysts Set to Sway Stocks This Week: Geopolitics, Inflation and Tech Earnings

Market Overview - China's Consumer Price Index (CPI) rose at the fastest pace in over three years, while factory deflation eased due to energy rallies and increased demand from a spending-heavy Lunar New Year [1] - The US dollar strengthened against major currencies as oil prices surged above $100, driven by Middle East tensions, leading hedge funds to adopt a less bearish stance on the dollar [1] - Oil prices experienced significant volatility, with Brent crude rising as much as 28% to $118.73 and WTI increasing by 31%, influenced by production cuts from major Middle Eastern producers and disruptions in the Strait of Hormuz [1] - Equities faced downward pressure, with Asian markets dropping significantly (Asia index -5.4%, South Korea >8%, Japan 7%) as oil prices escalated amid ongoing Middle East conflicts [1] Economic Data and Earnings Calendar - Upcoming economic reports include February's Consumer Price Index and Personal Consumption Expenditures, which may indicate the impact of Middle East turmoil on consumer spending [1] - Key earnings reports this week include Oracle, which plans to raise $50 billion for AI data centers, and Adobe, which is expected to report a 15% year-over-year increase in adjusted EPS [1] - Hewlett Packard Enterprise's results may provide insights into AI spending trends, while Dollar General's report will reflect retail performance amid price pressures [1] Technical Analysis - The Dow Jones Industrial Average (DJIA) is at risk of further declines, with potential support levels identified at 46,500 and a target drop to 45,600 [2] - The Nasdaq 100 index is trading within a rectangle pattern, with downside targets set at 23,920 and 24,450 [2] - The S&P 500 index must remain below 6,690–6,710 to continue its downward trajectory, with support targeted at 6,505–6,475 [2]