U.S. oil futures settled above $100 a barrel for the first time since July 2022.
Wall Street is also holding firm to its end-of-year price targets for the S&P 500, with a consensus of around 7700 points.
A large institutional options fund may have contributed to some of the recent volatility in the S&P 500.
The S&P 500 finished the week at its lowest level in over seven months and is now inches away from correction territory, sitting 8.74% off its all-time high from January 27,2026. The index posted its fifth consecutive weekly loss, its longest streak since 2022, falling 2.1% from last Friday.
The S&P 500's slide in March has the widely followed U.S. equities benchmark approaching correction territory, after more than half of the index's industries already landed there.
Investors appear to have discounted President Donald Trump's latest effort to soothe market angst over the war with Iran.
Micron's price-to-earnings multiple has compressed dramatically, as earnings expectations have surged and the stock has fallen.
Stocks with little coverage tend to outperform well-known and widely followed peers.
Software recently has come under pressure, but John Higgins at Capital Economics believes there's more at play.
The S&P 500 finished the week at its lowest level in over six months. The index posted a weekly loss of 1.9%, its fourth straight week in the red, and is now 6.77% off its all-time high from January 27, 2026.
A sturdy U.S. economy and AI-related activity will boost corporate earnings says Barclays.
The S&P 500's Value and Growth indexes overlap. The more narrowly concentrated versions of these indexes have been performing better.