empty
01.04.2025 10:48 AM
US stock market: spike from strong support. Growth realistic

This image is no longer relevant

S&P500

Update on US stock market

Snapshot of benchmark stock indices on Monday:

  • Dow +1%,
  • NASDAQ -0.1%,
  • S&P 500 +0.6%, S&P 500 at 5,612 trading in a range of 5,500 to 6,000

The S&P 500 (+0.6%) and Dow Jones Industrial Average (+1.0%) closed at or near their highs after bouncing back from earlier session lows. The Nasdaq Composite (-0.1%) also showed growth after dropping 2.7% to the daily low, but still closed slightly below Friday's close. The initial drop in stocks reflected some volatility surrounding Trump's announcement of reciprocal tariffs on Wednesday.

Weekend headlines impacted investor sentiment after reports that the Trump administration is considering broader tariffs from April 2, including a 20% universal tariff on all imports from every country.

The news also triggered some buying of safe-haven Treasury bonds, which dissipated as stock sell-offs calmed down. The 10-year bond yield decreased by one basis point to 4.25% after hitting 4.19% earlier. The 2-year bond yield remained unchanged at 3.91% after hitting 3.85%. Many stocks participated in the recovery efforts after the decline, which led to the equal-weighted S&P 500 index closing 0.8% higher.

Mega-cap stocks largely remained outside the market recovery. NVIDIA (NVDA 108.38, -1.29, -1.2%), Microsoft (MSFT 375.39, -3.41, -0.9%), Amazon.com (AMZN 190.26, -2.46, -1.3%), and Tesla (TSLA 259.16, -4.39, -1.7%) were influential underperformers in this space. The price action of AMZN and TSLA anchored the consumer goods sector in negative territory, falling 0.2% from Friday.

The other ten sectors of the S&P 500 saw growth, led by consumer staples (+1.6%) and financials (+1.3%).

Year-to-date performance:

  • Dow Jones Industrial Average: -1.3%
  • S&P 500: -4.6%
  • S&P Midcap 400: -6.5%
  • Russell 2000: -9.8%
  • Nasdaq Composite: -10.4%

Economic calendar on Monday

Chicago Business Activity Index for March: 47.6, vs. consensus of 45.3; previous value revised from 45.5 to 45.0.

Looking ahead to Tuesday, market participants will receive the following data:

9:45 AM ET: Final U.S. Manufacturing PMI for March (previous value 49.8)

10:00 AM ET: February Construction Spending (consensus 0.4%; previous value -0.2%), February Job Openings (previous value 7.740 million), and ISM Manufacturing Index for March (consensus 49.8%; previous value 50.3%).

Energy market

Brent crude oil is now trading at $74.90. Oil sharply rose to nearly $75 due to a strong US market recovery yesterday.

Gold reached a new all-time high of $3,150. The metal is carrying on its strong uptrend amid sharp actions by the new US administration in international trade (tariffs).

Conclusion The US market may show a wave of growth after bouncing off the year-to-date lows yesterday, and today's point is a good one for buying. The target for the S&P 500 index is 6,000. However, much will depend on US economic reports for March, which will be released starting today with the ISM manufacturing index. The report of crucial importance is the US nonfarm payrolls due on Friday.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Update on US stock market on July 23: SP500 and NASDAQ recoup all earlier losses

As of yesterday's close, US stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.39%. The industrial Dow Jones gained 0.40%. The record-breaking

Jakub Novak 09:27 2025-07-23 UTC+2

Update on US stock market on July 22. SP500 and NASDAQ sharply down

US stock indices closed mixed yesterday. The S&P 500 rose by 0.14%, and the Nasdaq 100 gained 0.38%. However, the industrial Dow Jones dipped by 0.04%. Today, Asian stocks declined

Jakub Novak 09:54 2025-07-22 UTC+2

High-profile elections in Japan and three important signals for traders

Markets are once again in a state of turbulence. The Japanese yen is fluctuating wildly following the political collapse of Prime Minister Shigeru Ishiba's coalition, which has deepened uncertainty

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2

US stocks end week higher

S&P 500 Overview for July 21 The US market ended the week with gains Major US indices on Friday: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 at 6,297

Jozef Kovach 09:30 2025-07-21 UTC+2

Update on US stock market on July 18. Investors overwhelmed by optimism. SP500 above 6,300

S&P500 Snapshot of major US stock indexes on Thursday Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.5%, S&P 500 closed at 6,297, trading in a range of 5,900 to 6,400

Jozef Kovach 12:48 2025-07-18 UTC+2

Stock market on July 18: SP500 and NASDAQ continue their rally

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.54%, while the Nasdaq 100 added 0.75%. The industrial Dow Jones strengthened by 0.52%. Today

Jakub Novak 12:02 2025-07-18 UTC+2

Update on US stock market on July 17: key stock indices consolidating below their highs

S&P500 Snapshot of major US stock indices on Wednesday Dow +0.5%, NASDAQ +0.3%, S&P 500 +0.3%, S&P 500 closed at 6263, trading in a range of 5,900 to 6400

Jozef Kovach 13:03 2025-07-17 UTC+2

Stock market on July 17: SP500 and NASDAQ lifted by Powell speculation

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.32%, while the Nasdaq 100 added 0.25%. The industrial Dow Jones strengthened by 0.53%. The dollar also

Jakub Novak 12:28 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.