The S&P 500 fell 1.62% to a one-month low as investors became increasingly concerned that a US-Iran agreement is not imminent, raising fears of a prolonged energy shock and slower global growth.
Key drivers:
Oil prices surged, with Brent crude rising to $94.68/bbl overnight, as President Trump signaled further action against Iran and doubts grew about a reopening of the Strait of Hormuz.
Rising energy prices revived stagflation concerns, prompting a broad selloff in equities and bonds.
Growth and cyclical sectors led declines, with Semiconductors (-3.76%), Capital Goods (-3.88%), and Autos (-3.92%) among the worst performers.
Defensive sectors outperformed as investors sought safety, with Telecoms (+2.25%), Food & Beverage (+1.98%), and Consumer Staples Retail (+1.86%) posting gains.
The NASDAQ fell 1.98% and the Magnificent 7 dropped 2.23%, adding further pressure to the broader market.
Today's focus for S&P 500 traders: The ECB decision, oil price developments, and any further headlines regarding US-Iran tensions remain the main catalysts for market direction. Continued strength in oil could weigh on equities, while signs of de-escalation may support a rebound in risk assets.
Key Support and Resistance Levels
Resistance Level 1: 7440
Resistance Level 2: 7486
Resistance Level 3: 7536
Support Level 1: 7220
Support Level 2: 7170
Support Level 3: 7100
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Key drivers:
Oil prices surged, with Brent crude rising to $94.68/bbl overnight, as President Trump signaled further action against Iran and doubts grew about a reopening of the Strait of Hormuz.
Rising energy prices revived stagflation concerns, prompting a broad selloff in equities and bonds.
Growth and cyclical sectors led declines, with Semiconductors (-3.76%), Capital Goods (-3.88%), and Autos (-3.92%) among the worst performers.
Defensive sectors outperformed as investors sought safety, with Telecoms (+2.25%), Food & Beverage (+1.98%), and Consumer Staples Retail (+1.86%) posting gains.
The NASDAQ fell 1.98% and the Magnificent 7 dropped 2.23%, adding further pressure to the broader market.
Today's focus for S&P 500 traders: The ECB decision, oil price developments, and any further headlines regarding US-Iran tensions remain the main catalysts for market direction. Continued strength in oil could weigh on equities, while signs of de-escalation may support a rebound in risk assets.
Key Support and Resistance Levels
Resistance Level 1: 7440
Resistance Level 2: 7486
Resistance Level 3: 7536
Support Level 1: 7220
Support Level 2: 7170
Support Level 3: 7100
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.