In March 2025, the US stock market will see a series of major financial events, covering macroeconomic data, central bank policy trends, and major corporate releases, which will have a significant impact on market sentiment and investment opportunities. The following are the key events worth noting this month and their potential market impact.

Source: Futu NiuNiu

March 5: Trump Delivers Address to Joint Session of Congress

Trump will deliver a speech in Congress, which is one of his important speeches during his second term. The market expects him to outline key issues such as economic policy, fiscal spending, and trade with China. Trump's policy positions may affect market sentiment, particularly in areas such as technology, energy, and manufacturing. In addition, the ADP employment data for February in the US will also be released that day, which provides a forward-looking guide to the non-farm employment data.

March 7: US February Non-Farm Employment Data & Unemployment Rate

Non-farm data and the unemployment rate are important indicators of the health of the US economy. If the data is strong, it may further consolidate the market's expectation of the Fed maintaining high interest rates, leading to short-term pressure on US stocks; conversely, if the data falls short of expectations, the market may expect the Fed to cut interest rates earlier, driving a rebound in the stock market.

March 9: North America Implements Daylight Saving Time

US stock trading hours will be advanced by 1 hour, which will affect the trading rhythm of global investors, especially for investors in Asian and European markets who need to adjust their trading strategies. In addition, daylight saving time is usually accompanied by changes in market liquidity, which may lead to short-term volatility.

March 12-13: US February CPI & PPI Data

The Consumer Price Index (CPI) released on March 12th will affect the market's expectations of inflation. If inflation cools, the Fed may be more inclined to cut interest rates; if CPI exceeds expectations, it may dampen expectations of rate cuts, leading to rising interest rates or dampening market risk appetite.

The PPI (Producer Price Index) data on March 13th is a leading indicator of corporate cost pressures, affecting the market's assessment of future corporate profitability and, in turn, stock price performance.

March 17-21: Nvidia GTC Conference

Nvidia will hold the GTC (GPU Technology Conference), which is usually an important barometer for the AI and chip industry. Investors are looking forward to Nvidia releasing new AI chips, computing platforms, and software ecosystems, which may affect the performance of Nvidia and the entire tech sector. Especially with the current market's continued high enthusiasm for AI, news from the GTC conference may drive trading enthusiasm for AI concept stocks.

March 19: Keynote Speech by Jensen Huang

Nvidia CEO Jensen Huang will deliver a keynote speech, which may announce a new generation of GPUs, AI computing platforms, or partnerships. This may have a direct impact on Nvidia's stock price and even the investment sentiment of the entire tech sector. If Nvidia brings breakthrough technological progress, the market may see a new round of AI-related investment enthusiasm.

March 20: Fed Interest Rate Decision & Economic Forecast Summary

The Fed will announce its latest interest rate decision and economic forecast, and Fed Chair Powell will hold a press conference. The market will closely monitor whether the Fed adjusts its interest rate policy, especially the hints about the path of rate cuts in 2025. If the Fed maintains a hawkish stance, the market may face short-term pressure; if it turns dovish, tech stocks and growth stocks may receive a boost.

March 25: Apple Developer Event

Apple will hold a developer event with the theme of "Exploring the Wisdom and Machine Learning of Apple". Investors expect Apple may announce new AI technologies, chip optimizations, or generative AI-related products. This may affect the performance of Apple and related supply chain stocks, especially chip, software, and hardware manufacturers.

March 28: US February PCE Data

PCE (Personal Consumption Expenditures) is one of the inflation indicators closely watched by the Fed. This data will further influence the market's expectations of future interest rate policy. If the PCE data shows that inflation is cooling, the Fed may have more room to cut interest rates, which will be positive for the stock market; conversely, if inflation remains high, the market may re-price the interest rate risk.

Summary: Key Market Nodes, Focus on Policy and Tech Sector Trends

The financial events this month cover the Fed's policies, economic data, and major tech company releases. Investors should closely monitor policy trends and industry development.

• If economic data supports rate cut expectations, tech stocks and growth stocks may lead the rally.
• If inflation is stubborn or the job market is strong, interest rates may remain high, putting pressure on the market.
• The Nvidia GTC and Apple Developer Conference may become catalysts for AI and tech stocks.