7 March 2025,02:30
Trade Of The Day
7 March 2025, 02:30
* U.S. stock markets suffered a steep selloff as worries over tariffs and doubts about AI-driven growth weighed on sentiment. The Nasdaq Composite plunged 2.6%, officially entering correction territory, while the Dow Jones fell over 400 points and the S&P 500 dropped nearly 2%. Investor uncertainty lingers over Trump’s trade policies, despite a delay in some tariffs on Mexican and Canadian goods. With markets already pressured by rising borrowing costs and inflation fears, these latest trade tensions have triggered renewed selling in risk assets.
*Technical Breakdown: The Nasdaq is trending lower after breaching key support at 20,510.00, confirming a bearish shift. MACD indicates strengthening downside momentum, suggesting further weakness.
* Resistance and Support: If selling pressure persists, the index could decline toward the next support at 19,550.00. However, if bearish momentum eases, a technical rebound could occur, with 20,510.00 serving as an upside target.
Understand how technical analysis can help you in this trading opportunity.
A ceasefire between Russia and Ukraine or positive trade developments could provide support for equities and trigger a rebound. Investors should closely monitor these geopolitical factors.
Know how to manage trading risks with risk management strategies.
Stay updated on U.S.-China trade developments, corporate earnings in the Chinese tech sector, and broader equity market trends, by following PU Prime’s market insights and daily financial news.
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This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
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