economy
March 2, 2026
NYSE insider Jay Woods is watching these key levels on the S&P 500 and crude oil as U.S.-Iran conflict widens
Beyond the war, this week will see a highly-awaited February jobs report along with key earnings from Target, Broadcom and beaten-down CrowdStrike.
TL;DR
- Escalating U.S.-Iran conflict and potential impact on crude oil prices above $72 per barrel are key market watchpoints.
- The S&P 500 breaking below its 100-day moving average of 6,830 could signal further market pressure.
- The February jobs report and unemployment rate will provide insights into the U.S. economy's health and could influence the Fed.
- Key earnings reports from CrowdStrike, Target, and Broadcom are expected, with specific technical levels to monitor for each company.
- Rising crude oil prices are viewed as inflationary and a tax on consumers, potentially complicating the Federal Reserve's monetary policy.
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