empty
28.02.2025 11:17 AM
Stock Market on February 28th: S&P 500 and NASDAQ Knocked Out

Futures on U.S. stock indices plunged, continuing their second consecutive bearish week. During today's Asian trading session, S&P 500 futures lost 0.3%, while the tech-heavy NASDAQ declined by 0.5%. The sell-off in equities intensified in Asia, while the U.S. dollar strengthened. U.S. Treasury yields declined as investors avoided risky bets amid increasing clarity regarding President Donald Trump's tariff policies.

This image is no longer relevant

At the close of yesterday's trading session, the S&P 500 fell by 1.6%, while the Nasdaq 100 lost 2.8%. Nvidia Corp. shares dropped by 8.5%. The yield on 10-year U.S. Treasury bonds declined to approximately 4.23%, marking the lowest level seen since December.

The latest round of Trump's tariffs on Canada, Mexico, and China triggered a sell-off in risk assets, driven by fears of a potential negative impact on global economic growth. Bitcoin, often referred to as "Trump's trade," dropped by more than 10%, while the U.S. Dollar Strength Index rose.

Yesterday, Trump confirmed that the 25% tariffs on Canada and Mexico will take effect on March 4, while Chinese imports will face an additional 10% levy starting in April. Economists warn that these tariffs could harm U.S. economic growth, fuel inflation, and potentially push Mexico and Canada into recession. China has vowed to take all necessary countermeasures against U.S. actions.

Trump's decision has sparked widespread criticism both within the U.S. and internationally. Many lawmakers and business leaders have expressed concerns about the potential negative consequences for the American economy and trade relations. They argue that tariffs will lead to higher prices for consumers, reduced competitiveness for American companies, and instability in the global economy. China's possible retaliatory measures could include imposing tariffs on American goods, reducing imports from the U.S., and implementing other economic sanctions. The escalation of the U.S.-China trade war could have serious repercussions for the global economy, including slower economic growth, rising inflation, and heightened financial market volatility. Mexico and Canada are also considering countermeasures against the U.S., which may involve tariffs on American goods and formal complaints to the World Trade Organization (WTO).

This image is no longer relevant

In the commodities market, oil has suffered monthly losses, while gold is on track for its first weekly decline this year.Regarding the technical outlook for the S&P 500, the decline continues. The primary objective for buyers today is to break through the nearest resistance at $5,877, which could pave the way for further growth and a move toward $5,897. A key priority for bulls will also be securing control above $5,915, which would strengthen their position. If risk appetite weakens and the market moves downward, buyers must step in at $5,854. A breakdown below this level would push the index back to $5,833 and could open the door to $5,813.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

US stock market gains new bullish momentum. Investors grasp signal that downward correction over

S&P500 Market update on March 25 Snapshot of the US stock market on Monday: Dow +1.4%, NASDAQ +2.3%, S&P 500 +1.8%, S&P 500 trading at 5,767 in a range

Jozef Kovach 11:08 2025-03-25 UTC+2

Stock Market Under Threat of Decline

Yesterday, the S&P 500 stock index posted a solid gain of 1.76%, reaching the target level of 5769 (the low from January 13). At the same time, the signal line

Laurie Bailey 04:59 2025-03-25 UTC+2

S&P 500: from euphoria to collapse

The wave of optimism that swept through US stock markets following Donald Trump's re-election turned out to be short-lived. Euphoria quickly gave way to a deep correction amid escalating trade

Anna Zotova 13:55 2025-03-24 UTC+2

US stock market on March 24: SP500 and NASDAQ gathering steam in light of news on tariffs

Today, US and European stock futures are trading higher amid signs that the next round of tariffs from President Donald Trump may be more restrained than expected. Investors responded positively

Jakub Novak 10:42 2025-03-24 UTC+2

US market attempts to rebound. Prospects of US strike against Iran support oil prices

S&P 500 Overview for March 24 The US market is attempting to rebound Major US indices on Friday: Dow: +0.1%, NASDAQ: +0.5%, S&P 500: +0.1%,S&P 500: 5,667, trading range: 5,500–6,000

Jozef Kovach 10:15 2025-03-24 UTC+2

Stock Market Outlook for March 21st: S&P 500 and NASDAQ Under Pressure Again

At the close of yesterday's regular trading session, U.S. stock indices ended in the red. The S&P 500 fell by 0.22%, while the Nasdaq 100 lost 0.33%.Asian stock indices also

Jakub Novak 10:46 2025-03-21 UTC+2

US market in consolidation phase. Trump seeks Senate backing for Iran strikes

S&P 500 Overview for March 21 The US market entered a phase of consolidation on Thursday as it struggled to define its next direction. Major US indices on Thursday

Jozef Kovach 10:10 2025-03-21 UTC+2

Federal Reserve throws lifebuoy to stock market

The wave structure on the 24-hour chart for #SPX is fairly clear. The first and most important point is the large-scale five-wave structure, which is so wide that it barely

Chin Zhao 09:21 2025-03-21 UTC+2

US market rallies as Fed holds rates steady

S&P500 Overview for March 20 The US market rallied as the Fed left interest rates unchanged. Key US indices on Wednesday: Dow: +0.9%, NASDAQ: +1.4%, S&P 500: +1.1% (S&P

Jozef Kovach 11:19 2025-03-20 UTC+2

US stock market on March 20: S&P 500 and Nasdaq regain their footing

US stock indices ended the day with solid gains. The S&P 500 climbed by 1.1% and the Nasdaq 100 closed 1.41% up. At the moment, S&P 500 futures

Jakub Novak 09:30 2025-03-20 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.