Next Week's Macro Outlook: U.S. and Israel ignite the 'Middle East powder keg,' Non-Farm Payrolls and Unemployment Rate Data Incoming In a week marked by the back-and-forth adjustments of Trump's tariff policies and escalating U.S.-Iran geopolitical tensions, global markets have been navigating through a mix of policy uncertainty and risk-off sentiment. Aside from geopolitical developments, the key macro events for next week are as follows: Monday 22:45, U.S. February S&P Global Manufacturing PMI Final; Monday 23:00, U.S. February ISM Manufacturing PMI; Wednesday 21:15, U.S. February ADP Employment Change; Thursday 03:00, Federal Reserve releases Beige Book on economic conditions; Thursday 20:30, U.S. February Challenger Job Cuts; Thursday 21:30, U.S. Weekly Initial Jobless Claims (as of February 28), U.S. January Import Price Index MoM; Friday 21:30, U.S. February Unemployment Rate, U.S. February Non-Farm Payrolls (seasonally adjusted), U.S. January Retail Sales MoM. Tech and AI concept stocks, long considered the growth engine of the U.S. stock market, have recently hit a significant growth plateau. The latest data shows that the Nasdaq Composite Index has failed to hit a new all-time high for four consecutive months, while the S&P 500 and Nasdaq just experienced their worst month since March of last year. This signals deep investor skepticism about AI's ability to translate into real profits, as Wall Street attempts to weather a turbulence storm led by tech stocks.