The start of the new week brings no respite to the US stock market. Pre-session trading saw a sell-off of key technology stocks, including Alphabet (-2.6%), Tesla (-4.0%), Microsoft (-1.5%), Apple (-1.3%), Meta (-2.65%), Nvidia (-2.6%), and Amazon (-2.1%). Analysts are also beginning to revise their expectations for the S&P 500’s growth this year. JP Morgan suggests that its earlier conservative forecast of 6,500 points may not materialize due to high volatility and uncertainty.
Forecasts for the year-end S&P 500 level among Wall Street strategists have ceased to rise, a rather negative sign from a historical perspective. Source: Bloomberg Finance LP,
From a technical standpoint, very weak signals are also observed. The US500 crossed below its 200-session average last week and is currently trading approximately 1.3% below it. On Friday, the 250-session average was also tested, currently at 5,670 points. A similar situation was last observed in October 2023, when the US500 fell by about 4% below the 200-session average and 2.5% below the 250-session average. In April 2022, a prolonged descent below these averages was seen, with the US500 remaining below these technical indicators for nearly a year.
The US500 has lost approximately 7.5% from its peaks in the second half of February and has fallen below 5,700 points. Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
Key US benchmark from Wall Street tests 250 session average
The start of the new week brings no respite to the US stock market. Pre-session trading saw a sell-off of key technology stocks, including Alphabet (-2.6%), Tesla (-4.0%), Microsoft (-1.5%), Apple (-1.3%), Meta (-2.65%), Nvidia (-2.6%), and Amazon (-2.1%). Analysts are also beginning to revise their expectations for the S&P 500’s growth this year. JP Morgan suggests that its earlier conservative forecast of 6,500 points may not materialize due to high volatility and uncertainty.
Forecasts for the year-end S&P 500 level among Wall Street strategists have ceased to rise, a rather negative sign from a historical perspective. Source: Bloomberg Finance LP,
From a technical standpoint, very weak signals are also observed. The US500 crossed below its 200-session average last week and is currently trading approximately 1.3% below it. On Friday, the 250-session average was also tested, currently at 5,670 points. A similar situation was last observed in October 2023, when the US500 fell by about 4% below the 200-session average and 2.5% below the 250-session average. In April 2022, a prolonged descent below these averages was seen, with the US500 remaining below these technical indicators for nearly a year.
The US500 has lost approximately 7.5% from its peaks in the second half of February and has fallen below 5,700 points. Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
