empty
21.03.2025 11:46 AM
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 declined today following a series of central bank meetings that only highlighted the numerous uncertainties looming over the global economy. It's clear that investors are facing increasingly cloudy prospects as concerns over Trump's tariff policy and corporate earnings pressures continue to weigh on sentiment.

This image is no longer relevant

Yesterday, U.S. President Donald Trump announced that both broad mutual tariffs and certain sector-specific additional tariffs will come into effect on April 2, posing a serious risk to the global economy. However, we've seen repeatedly how Trump's policies can generate waves of uncertainty that then quickly fade as markets await responses from other countries.

In terms of individual stocks, FedEx Corp., often seen as a barometer of the U.S. economy, declined after the company cut its profit forecast due to rising costs and signs of weakened demand. Nike Inc. also cited tariffs and geopolitical tensions as factors that could affect its earnings. Now, investors are turning their attention to upcoming earnings reports from major Chinese companies, including Xiaomi Corp., Tencent Holdings Ltd., and e-commerce giant Meituan.

As for central bank signals, this week officials from the Federal Reserve, the Bank of Japan, and the Bank of England all stated that tariffs are making it harder to forecast economic outcomes and complicating future policy guidance. Meanwhile, the European Union has postponed retaliatory tariffs on American whiskey, stating that they are open to dialogue with Trump before taking further action.

Oil prices rose after the U.S. imposed sanctions on a Chinese refinery, a move seen as a significant escalation in efforts to restrict Iranian oil exports. Gold, on the other hand, pulled back after nearing a record high.

This image is no longer relevant

S&P 500 Technical Outlook

The decline continues. The main task for buyers today is to break through the nearest resistance at $5670. This would help resume the uptrend and open the path toward $5692. An equally important objective for bulls is to gain control over $5726, which would further strengthen buyer positions.

In case of downward movement amid waning risk appetite, buyers must defend the $5645 level. A break below this support would quickly push the index back to $5617 and could open the way to $5585.

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

Stock market recap for May 2: S&P 500 and Nasdaq under renewed pressure

US equity indices closed mixed in the latest regular trading session. The S&P 500 slipped 0.01%, while the Nasdaq 100 dropped 0.32%. The industrial Dow Jones eked out a gain

Jakub Novak 12:41 2025-06-02 UTC+2

Update on US stock market on June 2. Market consolidating just below highs

S&P500 Snapshot of major US stock indices on Friday: Dow +0.1%, NASDAQ -0.3%, S&P 500 flat (0%), closing at 5911, within the 5400–6200 range. Catalysts of the trading session

Jozef Kovach 12:39 2025-06-02 UTC+2

Stock Market on May 30th: S&P 500 and NASDAQ Resume Decline

At the close of the latest regular session, U.S. stock indices posted modest gains. The S&P 500 rose by 0.40%, the Nasdaq 100 added 0.39%, and the Dow Jones Industrial

Jakub Novak 10:45 2025-05-30 UTC+2

US Market: Court overturns trump tariffs

S&P 500 Market overview on 29.05 A federal court in the US has struck down all of former President Trump's trade tariffs. Major US indices on Wednesday: Dow -0.6%, NASDAQ

Jozef Kovach 12:53 2025-05-29 UTC+2

Stock Market on May 29th: S&P 500 and Nasdaq Pause Their Rally

At the close of the most recent regular trading session, U.S. stock indices posted modest losses. The S&P 500 declined by 0.56%, the Nasdaq 100 fell by 0.71%

Jakub Novak 11:04 2025-05-29 UTC+2

Navigating dollar surge and tech turmoil: key entry points for traders

Volatility has returned to financial markets. The dollar staged a sharp rally, driving down the yen, euro, and Swiss franc, but beneath the surface lies a web of unsettling signals

Аlena Ivannitskaya 11:44 2025-05-28 UTC+2

Update on US stock market on May 28

S&P500 US stock market is showing buoyant growth Snapshot of major US stock indices on Tuesday: Dow Jones: +1.8% NASDAQ: +2.5% S&P 500: +2.1% S&P 500 at 5,921

Jozef Kovach 10:38 2025-05-28 UTC+2

Stock Market on May 28th: S&P 500 and NASDAQ Continue Their Rapid Rally

Following the most recent regular session, U.S. stock indices closed with strong gains. The S&P 500 rose by 2.00%, while the Nasdaq 100 added 2.47%. The Dow Jones Industrial Average

Jakub Novak 09:43 2025-05-28 UTC+2

S&P 500 Forecast for May 28, 2025

The U.S. stock index, the S&P 500, has completed the correction that began on May 20. A sign of its completion is the price breakout above the inner boundary

Laurie Bailey 05:08 2025-05-28 UTC+2

Domestic Demand and Attractive Prices

The wave structure on the 24-hour chart for the #SPX instrument is generally easy to interpret. The global five-wave pattern doesn't even fit within the terminal window at the smallest

Chin Zhao 11:56 2025-05-27 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.