Stock Futures Rise as S&P 500 and Nasdaq Face Correction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Stock futures are higher ahead of the open. This follows a difficult month in which the S&P 500 and Nasdaq moved into correction territory and are on track for their weakest performance since 2022.Crude prices are trading in the $110-$115 range and are on pace for one of the largest monthly gains on record, with Brent up roughly 50%-60% in March. The scale of that move reflects sustained concerns about supply routes, particularly through the Strait of Hormuz.Markets that had been pricing rate cuts earlier in the year are now adjusting toward a more restrictive policy path, as higher oil prices complicate the inflation trajectory. This shift continues to weigh on equity valuations, particularly in rate-sensitive sectors. At the same time, market behavior is beginning to show signs of adjustment. Broader conditions remain tight, with a stronger dollar, elevated volatility and continued pressure on growth-oriented assets.In pre-market trading, S&P 500 futures rose 1.2%, Nasdaq futures rose 1.16% and Dow futures rose 1.17%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Apellisup 135% after Biogenagreed to acquire all outstanding shares for $41.00 per share in cash at closing, or approximately $5.6BCentessaup 45% after entering a definitive agreement for Eli Lillyto acquire Centessa for $38.00 in cash per share plus one non-transferrable contingent value rightMarvellup 8% after Nvidiaand the company announced a strategic partnership to connect Marvell to the Nvidia AI factory and AI-RAN ecosystem, including a $2B investment from NvidiaUP AFTER EARNINGS -McCormickup 2% after earnings and ad deal to combine with Unilever'sFoods business excluding India and other excluded businessesFactSetup 2%Lensarup 2%TD Synnexup 1%DOWN AFTER EARNINGS -J.Jilldown 14%T1 Energydown 14%Super Hidown 2%LOWER -Biogendown 3% after the company agreed to acquire Apellis for $5.6B
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 204.830
Low
85.00
Averages
120.12
High
156.00
Current: 204.830
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Silicon Photonics Expansion: CEO Jensen Huang announced at the GTC conference that NVIDIA is scaling its silicon photonics capacity, indicating that significantly higher technological capabilities will be required to meet market demands, which will greatly enhance the computational power and response speed of its products.
- Manufacturing Challenges: Analysts from 650 Group highlight that the rapid growth of photonics technology will face challenges in supply chain and manufacturing capabilities, especially with surging demand, potentially requiring one to two product generations to adapt to the new technology.
- AI System Adaptation: Analyst Gil Luria noted that existing AI systems will need significant redesign to incorporate optical components, a process that may extend product update cycles, but successful implementation will significantly improve the performance and efficiency of AI models.
See More
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- Investment Dynamics: Nvidia has invested $2 billion in companies like Lumentum, Coherent, and Marvell developing photonics technology, with plans to invest an additional $500 million in Corning, demonstrating strong financial backing and market confidence in the photonics sector.
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- AMD's Strategic Commitment: AMD CEO Lisa Su stated that the company will invest over $10 billion in Taiwan's AI sector, co-investing with local partners to ensure sufficient capacity for expansion in 2026 and beyond, further solidifying Taiwan's critical role in the global AI supply chain.
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