Wall Street regains ground; NVIDIA up 7.2% 🚨
The session today shows a wave of recovery after the declines that have been ongoing since Thursday. US indices are gaining around 3% in the first hour of trading (US500 is up 3.01%, US100 3.26%, and US30 is up 2.7%).
Although yesterday’s US indices were close to a technical bear market (in the initial phase of the session, US indices were trading at levels exceeding a 20% drop from recent peaks), investors are still far from the typical bear market sentiment. Usually, in such a situation, investors ignore good news and act more aggressively in the event of negative information. However, today’s start of the US session indicates that investor sentiment is dominated by hope, and the markets are looking for a basis for rebounding from the declines that have been ongoing since Thursday.
Given the incoming rumors about potential international agreements and progress in negotiations, quotations (especially of technology companies) are recording clear rebounds. At the same time, however, China still maintains its “fight to the finish” stance, although it seems that the market is more willing to look towards the scenario outlined by Scott Bessent (Treasury Secretary), who believes that the US can emerge from the whole customs mess “with good deals”.
BigTechs lead today’s gains. Source: xStation
The US100 contract is currently testing the resistance set by the 200-period EMA (golden curve on the chart) on the M30 interval. Yesterday, this level was the main barrier for the demand side. Source: xStation
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.
