empty
09.04.2025 09:22 AM
Stock Market Overview for April 9: S&P 500 and NASDAQ Return to Annual Lows

Following Tuesday's regular trading session, U.S. stock indices closed with another decline, ending just a step away from their annual lows. The S&P 500 dropped by 1.57%, the Nasdaq 100 fell by 2.15%, and the Dow Jones Industrial Average declined by 0.84%.

This image is no longer relevant

U.S. Treasury bonds plummeted, and Asian indices fell to their lowest levels since January 2024 after U.S. President Donald Trump increased tariffs on China, intensifying pressure on Beijing. U.S. bonds declined, and the yield on 30-year Treasuries surged to its highest level since November 2023. The U.S. dollar resumed its decline. European stock index futures dropped by 4.4%, while futures on U.S. indices lost 1% to 2.5%, reflecting growing concern over a potential recession in the world's largest economy. Oil fell to a new four-year low.

Trump's tariffs are compounding capital flow problems and potentially undermining fiscal stability. This signals a deeper crisis of confidence among investors and market participants. U.S. Treasuries, once considered the world's ultimate safe haven, are now under pressure from fiscal concerns and the risk of retaliatory dumping through counter-tariffs.

Many investors condemned Trump's escalation of the trade war, with Trump raising tariffs on China to 104%. This prompted economists from JPMorgan and Goldman Sachs to raise the probability of a U.S. recession. This move triggered a wave of fear across global financial markets as analysts began forecasting a slowdown in global economic growth.

Tensions between the two largest economies in the world are straining supply chains, forcing companies to reconsider their strategies and seek alternative suppliers. The impact of these tariffs is being felt across sectors—from agriculture to technology—threatening profitability and creating uncertainty for businesses. In response to the escalating trade war, many governments have voiced concerns and called for dialogue to find mutually beneficial solutions. However, the outlook for a swift resolution remains bleak, and many experts fear that further deterioration could bring even more severe consequences for the global economy. Investors also increasingly worry that something could "break" in the financial system as market stress and volatility continue to rise.

The unfolding turmoil may force the Federal Reserve into a tough position. The need to lower interest rates conflicts with the fear of inflation surges caused by tariffs. As recent years have shown, inflation remains the Fed's number one headache.

Japanese long-term government bonds also declined as increased market volatility prompted investors to reduce their exposure to yield fluctuations. The yield on 40-year Japanese bonds reached a record high.

As of today, Trump's so-called retaliatory tariffs come into force, delivering a heavy blow to the global economy as he pushes forward with his radical overhaul of global trade. However, there are currently no signs of negotiation efforts from key trade partners, which only deepens fears about the future of the global economy.

This image is no longer relevant

Technical Outlook for S&P 500

The decline continues. Today, the main task for buyers will be to break through the nearest resistance at $4943. This would support continued growth and open the way toward a move to $5011. Another key objective for the bulls will be to regain control over the $5084 level, which would strengthen the buyers' position.

If the index declines due to weakening risk appetite, buyers must hold the line around $4858. A breakdown below this level would likely push the index back to $4805, opening the path to $4751.

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

Update on US stock market on July 3. SP500 and NASDAQ update their highs

The S&P 500 rose by 0.47%, while the Nasdaq 100 gained 0.94%. The industrial Dow Jones, however, slipped by 0.02%. Asian stock indices posted modest gains ahead of the upcoming

Jakub Novak 13:15 2025-07-03 UTC+2

US stock market: S&P 500 hits new record high

S&P500 Snapshot of major US stock indices on Wednesday: * Dow: +0.0% * NASDAQ: +0.9% * S&P 500: +0.5% * S&P 500 closed at 6,227, trading within a range

Jozef Kovach 13:15 2025-07-03 UTC+2

US equities: bulls steady, broader market leads

S&P 500 Overview on July 2 US market: bulls hold their ground, broader market leads The main US indices on Tuesday: Dow +0.9%, NASDAQ -0.8%, S&P 500 -0.1%. S&P

Jozef Kovach 13:04 2025-07-02 UTC+2

Update on US stock market on July 2. SP500 and NASDAQ enjoy buoyant demand

At the close of trading yesterday, US stock indices ended the day mixed. The S&P 500 declined by 0.11%, while the Nasdaq 100 fell by 0.82%. In contrast

Jakub Novak 12:48 2025-07-02 UTC+2

US market holds near highs

S&P 500 Overview on July 1 US market pauses at highs Major US indices on Monday: Dow +0.6%, NASDAQ +0.5%, S&P 500 +0.5%, S&P 500: 6,204, trading range: 5,700–6,300

Jozef Kovach 11:53 2025-07-01 UTC+2

Update on US stock market on July 2. SP500 and NASDAQ going on with steady growth

At the end of yesterday's trading, US stock indices closed higher. The S&P 500 rose by 0.52%, while the Nasdaq 100 gained 0.47%. The Dow Jones Industrial Average strengthened

Jakub Novak 09:52 2025-07-01 UTC+2

Update on US stock market on June 30. SP500 notches up new peak at 6,200. Inflation reports indicate stagflation

S&P500 The US stock market is ahead of a week of big news. The S&P 500 is eyeing 6,200 Snapshot of major US stock indices on Friday: Dow +1%, NASDAQ

Jozef Kovach 11:17 2025-06-30 UTC+2

Update on US stock market on June 27. SP500 and NASDAQ reach new highs

The S&P 500 rose by 0.80%, while the Nasdaq 100 added 0.97%. The Dow Jones Industrial Average climbed by 0.84%. Stocks gained amid talks that the US is getting closer

Jakub Novak 11:58 2025-06-27 UTC+2

Nvidia Shares Reach All-Time High

Yesterday, the NASDAQ technology index closed the day in positive territory, thanks largely to the rally in Nvidia Corp. shares, which reached a historic high. The leading producer

Jakub Novak 11:06 2025-06-26 UTC+2

The Stock Market Is Approaching Dangerous Levels

The wave pattern on the 24-hour chart for the #SPX instrument appears generally clear. At this point, the formation of an upward trend segment is presumably complete. In my view

Chin Zhao 12:35 2025-06-25 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.