Top.Mail.Ru
empty
27.02.2025 10:42 AM
Stock Market on February 27th: S&P 500 and NASDAQ Rebound from Lows

U.S. stock index futures plunged again following NVIDIA's earnings report, but after testing the weekly low, risk appetite returned, helping the American stock market recover. During today's Asian trading session, S&P 500 futures rose 0.3%, while the tech-heavy NASDAQ added 0.5%.

This image is no longer relevant

Asian stocks declined on Thursday as investors analyzed the latest statements from U.S. President Donald Trump regarding tariffs. Chinese indices and tech stocks in Hong Kong dropped, while the 10-year U.S. Treasury yield edged higher. European stock index futures fell 0.9% after Trump announced 25% tariffs on all goods imported from the European Union. He also reiterated that the previously announced tariffs on Mexico and Canada will take effect on April 2.

Trump's comments were at times contradictory, causing market confusion. The tariffs on the U.S.'s neighboring countries were originally expected to take effect next month, and there had been no prior mention of tariffs on the EU.

NVIDIA shares fell after market close, as the chipmaker delivered good—but not exceptional—quarterly results, disappointing investors who have grown accustomed to explosive earnings beats. The report provided some reassurance that the company's growth remains on track, but it was not the strong upside catalyst investors were hoping for.

Many analysts believe that NVIDIA may no longer have the same market-driving impact it once did, and that U.S. stocks could continue to struggle with a lack of short-term catalysts. The company's current performance is not enough to fully ease concerns about geopolitical risks, tariffs, and the evolving AI landscape.

Additionally, NVIDIA warned that its gross margin will be lower than expected as it rushes to release its new Blackwell chip. There is also concern that U.S. tariffs could impact the company's future earnings.

This year, NVIDIA shares have already declined due to fears that data center operators may cut back on spending. The rise of Chinese AI startups, such as DeepSeek, has further fueled concerns that AI chatbots can be developed at lower costs, potentially reducing demand for NVIDIA's high-performance AI chips.

Traders have revised their expectations for two quarter-point rate cuts from the Federal Reserve this year. Morgan Stanley now forecasts more aggressive monetary easing, citing a series of disappointing U.S. economic reports in recent weeks.

The upcoming Personal Consumption Expenditures (PCE) Price Index—set for release on Friday—will be crucial in determining the Fed's next policy move. If the data signals slower price growth, it could strengthen the case for rate cuts, further influencing investor sentiment.

This image is no longer relevant

Technical Outlook for S&P 500

Demand for S&P 500 remains strong.

The key objective for buyers today is to break above the nearest resistance at $5,986, which would extend the rally and potentially lead to a test of $6,003. A further push above $6,024 would strengthen the bullish momentum.

However, if risk appetite declines, buyers must defend support at $5,967. A break below this level could push the index down to $5,951, with the next major support at $5,933.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
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

Bank of Japan meeting and three more signals you can't afford to miss this week

Global markets are overwhelmed by turbulence: investors are weighing the risks of a renewed plunge in the yen amid political uncertainty and the upcoming Bank of Japan meeting. Meanwhile, Brent

Аlena Ivannitskaya 13:22 2025-07-30 UTC+2

US equities: overbought territory or new normal?

While the US stock market pulls back from another all-time high, the Buffett indicator continues to set fresh records. To recap, Warren Buffett's indicator reflects the ratio

Jakub Novak 10:48 2025-07-30 UTC+2

Stock market on July 30: SP500 and NASDAQ continue their corrections

US stock indices ended last Friday in decline. The S&P 500 dropped by 0.30%, and the Nasdaq 100 fell by 0.30%. The Dow Jones Industrial Average lost 0.46%. Asian equities

Jakub Novak 09:24 2025-07-30 UTC+2

Update on US stock market on July 29. SP500 and NASDAQ going through correction

US stock indices closed mixed last Friday. The S&P 500 inched up by 0.02%, while the Nasdaq 100 added 0.33%. The industrial Dow Jones declined by 0.14%. Asian stocks have

Jakub Novak 09:28 2025-07-29 UTC+2

Stock market on July 28: S&P 500 and NASDAQ set fresh all-time highs

Last Friday, US stock indices closed higher. The S&P 500 rose by 0.40%, while the Nasdaq 100 added 0.20%. The Dow Jones Industrial Average strengthened by 0.47%. The record-breaking rally

Jakub Novak 09:29 2025-07-28 UTC+2

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
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.