(PRO Views are unique to PRO subscribers, giving them perception on the information of the day direct from an actual investing professional. See the complete dialogue above.) After three main indexes slipped into correction territory final week, buyers are watching if the S & P 500 will be part of its friends this week, based on New York Inventory Trade insider Jay Woods. The Dow Jones Industrial Common , Nasdaq Composite and Russell 2000 all ended Friday off greater than 10% from their current highs. In the meantime, the S & P 500 ended the session simply over 9% under its excessive. “All eyes will proceed to be on what occurs in Iran and the Gulf,” Woods mentioned. On the S & P 500, Woods is watching two ranges if it falls into correction territory. The primary is 6,200, which might signify a few 14% fall from the index’s current highs. That is the typical dimension of corrections, he mentioned, which occur about every year. The following degree is 6,050, which he famous is the place the index started transferring greater after recovering from its “Liberation Day” sell-off in 2025. Woods, chief market strategist at Freedom Capital Markets, can also be watching the next: Jobs information: JOLTS on Tuesday, ADP employment numbers on Wednesday, jobless claims on Thursday and a nonfarm payrolls report on Friday, although the market will probably be closed for Good Friday. Nike earnings: Set to be delivered Tuesday after the bell , Woods mentioned he’ll watch if the inventory can maintain its draw back $50 assist. He added that the inventory has usually popped after earnings below CEO Elliott Hill, only for these good points to fade. RH earnings: Additionally coming Tuesday after the shut , Woods beneficial that buyers see whether or not the inventory can once more prime $140, which he believes would sign a aid rally for a reputation that is off greater than 23% in 2026. However regardless of different occasions taking place out there, the conflict continues to be by far an important, he mentioned. “Preserve nimble, and watch what occurs within the Strait of Hormuz.” (This weekly Monday video is completely for CNBC PRO subscribers.)