empty
06.03.2025 11:29 AM
Stock Market on March 6th: The Decline in S&P 500 and NASDAQ Halted
Yesterday, futures on U.S. stock indices rebounded from their weekly lows. During today's Asian session, S&P 500 futures gained 0.1%, while the technology-heavy NASDAQ rose 0.2%.The bond market saw a major sell-off in Asia on Thursday, pushing Japanese bond yields to their highest level in over a decade, following a broad-based sell-off in German bonds, which spread to global fixed-income markets. The stock market rally was largely fueled by speculation about a possible postponement of U.S. tariffs on Mexico and Canada.

This image is no longer relevant

Japan's 10-year bond yield climbed to 1.5% for the first time since June 2009, as the country grapples with rising inflation and higher borrowing costs. Meanwhile, U.S. Treasury yields continued to rise for the third consecutive day, with the 10-year yield hovering around 4.3%. European stock futures edged higher, posting gains between 0.5% and 0.7%.

Daily volatility underscores the impact of geopolitical instability in recent weeks, particularly the weakening U.S. support for Ukraine and ongoing trade tensions, which continue to shape trader and investor sentiment.

The euro posted its best three-day rally since 2015, ahead of today's European Central Bank (ECB) meeting. Analysts overwhelmingly predict a 25-basis-point rate cut, but this decision appears to have been already priced into the market. Key U.S. economic data set for release on Thursday includes weekly jobless claims, ahead of the highly anticipated non-farm payrolls report on Friday.

As noted earlier, German government bonds extended their decline on Wednesday, as markets increasingly expect the ECB to continue cutting rates to stimulate economic growth and support increased fiscal spending.

Asian Markets and China's Economic Ambitions

Stock indices in Japan, South Korea, and Hong Kong posted gains. The Hang Seng China Enterprises Index surged by 3.3%, reflecting rising investor expectations for additional stimulus measures. These could be announced later today during a joint press conference by China's government ministries in Beijing.

On Wednesday, Chinese officials at their annual parliamentary session reaffirmed a growth target of around 5% by 2025, marking the first time in over a decade that Beijing has maintained the same target for three consecutive years. President Xi Jinping signaled China's commitment to pushing forward with its ambitious growth agenda this year, despite mounting trade tensions.

U.S. stock futures remain stable, despite pressure on technology stocks. Shares of Marvell Technology Inc. dropped in after-hours trading in New York, following a disappointing revenue forecast, which dampened investor expectations for a stronger return from the AI boom. Meanwhile, Broadcom Inc., another AI-linked chipmaker, fell by 3.5% in premarket trading on Thursday, ahead of its earnings report.

This image is no longer relevant

Technical Outlook for S&P 500

The S&P 500 continues its decline, with the main objective for buyers being to break through the nearest resistance level at $5,854. A successful move above this level could extend the rally and open the door for a push toward $5,877.

Another key priority for bulls will be maintaining control above $5,897, which would further reinforce buying momentum.

If risk appetite wanes, buyers must defend the $5,833 support level. A break below this threshold could accelerate selling pressure, pushing the index down to $5,813, with further downward potential toward $5,787.

Jakub Novak,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

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

US stocks end week higher

S&P 500 Overview for July 21 The US market ended the week with gains Major US indices on Friday: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 at 6,297

Jozef Kovach 09:30 2025-07-21 UTC+2
Can't speak right now?
Ask your question in the chat.
 

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 InstaTrade anyway.

We are sorry for any inconvenience caused by this message.