Market Faces 4 Key Tests in March as Stocks Notch Best Start to a Year Since 2019

investing.com:

February was another terrific month for the stock market as the S&P 500 and Nasdaq wrapped up their fourth winning month in a row to notch their best start to a year since 2019.

The gains came as tech shares extended their rally amid mounting optimism and excitement about growth prospects related to artificial intelligence.

But despite the solid uptrend, many investors did not manage to profit accordingly as the broad-based rally was, once again, driven by a handful of winners.

That's where our predictive AI stock-picking tool, ProPicks, came in handy.

By compiling a multitude of factors, including the long-term history of the stock market and state-of-the-art fundamental analysis, our models were able to provide its users with a solid selection of winners for unrivaled market outperformance for under $9 a month.

In the following article, we will understand where the market stands right now and what investors should pay attention to looking ahead in March.

The Nasdaq Composite, which reached its first closing record since November 2021 last night, was the top performer during the month of February, surging 6.1%.

The tech-heavy index was boosted by strong performances from Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), AMD (NASDAQ:AMD), and several other companies linked to AI.

Meanwhile, the benchmark S&P 500 and the blue-chip Dow Jones Industrials Average rose 5.1% and 2.2%, respectively.

March will likely be a repeat of the last few months in terms of what markets will be looking at to dictate price action, including commentary from leading Fed officials, the monthly jobs report, the latest inflation figures, as well as the upcoming FOMC policy meeting.

With investors continuing to gauge the outlook for interest