empty
10.03.2025 01:30 PM
US market: positive turn at week's end after losses

This image is no longer relevant

S&P 500

Overview for March 10

US Market: Optimism at week's close

Major US indices on Friday: Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.6%, S&P 500: 5,770, trading range: 5,650 - 6,200.

The stock market ended the week of decline with a gain.

The S&P 500 recorded a 0.6% rise, the Dow Jones Industrial Average increased by 0.5%, and the Nasdaq Composite surged by 0.7%.

The buying interest reflected a "buy on the dip" strategy after the sharp decline earlier in the week. Likely, some technical factors also triggered buying activity after the S&P 500 fell below its 200-day moving average (5,733) again.

Strength in the semiconductor sector provided significant help to the broader equity market. Broadcom (AVGO 194.96, +15.51, +8.6%) fueled buying in the sector after reporting strong results and forecasts.

The PHLX Semiconductor Index (SOX) gained 3.2%. The February jobs report released in the morning was not very favorable but did not deter buyers.

Non-farm payrolls growth was slightly below expectations (151,000 vs. consensus of 159,000), and the U6 unemployment rate increased sharply (to 8.0% from 7.5%) to a level not seen since late 2021. (The U6 unemployment rate measures the number of unemployed and those seeking work as a percentage of the total economically active population.)

Market participants also digested comments from Fed Chairman Jerome Powell during a Q&A session, where he expressed pleasant surprise at productivity improvements, leading to a higher potential output, and reiterated that there is no need to rush with adjustments to the Fed's policy.

In addition, President Trump stated that the retaliatory tariffs scheduled to take effect on April 2 might be introduced earlier.

Year-to-date:

Dow Jones Industrial Average: -2.4%S&P 500: -3.1%S&P Midcap 400: -3.5%Nasdaq Composite: -3.5%Russell 2000: -4.1%

Economic data review:

February Nonfarm Payrolls: 151K (consensus 159K); Previous: revised from 143K to 125KFebruary Nonfarm Private Payrolls: 140K (consensus 145K); Previous: revised from 111K to 80KFebruary Avg. Hourly Earnings: 0.3% (consensus 0.3%); Previous: revised from 0.5% to 0.4%February Unemployment Rate: 4.1% (consensus 4.0%); Previous: 4.0%February Average Workweek: 34.1 (consensus 34.2); Previous: 34.1.

The main takeaway from the report is that it was not better than just normal.This will not be enough to quell concerns about growth that have been reflected in other recent data releases.

Monday's macroeconomic calendar is bereft of any important news releases.

Energy: Brent crude: $69.90. Oil remains under pressure amid signs of a slowdown in the US economy.

Conclusion: US market growth is still possible. It is recommended to hold long positions from support levels.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
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

Trump's new tariffs, BTC rally, and major AI deals: signals traders cannot afford to ignore

Global markets are once again under pressure. President Donald Trump has announced 30% tariffs on imports from the EU and Mexico, triggering a sharp reversal in US stock index futures

Аlena Ivannitskaya 15:31 2025-07-14 UTC+2

Update on US stock market on July 14: Trump returns to tariff war

S&P500 Snapshot of US major stock indices on Friday Dow -0.6%, NASDAQ -0.2%, S&P 500 -0.3% (S&P 500 closed at 6,229, trading in a range of 5,900 to 6,400

Jozef Kovach 14:53 2025-07-14 UTC+2

Update on US stock market on July 14. SP500 and NASDAQ sliding due to Trump's tariffs

As of yesterday, the US benchmark stock indices closed lower. The S&P 500 fell by 0.33%, while the Nasdaq 100 declined by 0.22%. The industrial Dow Jones lost 0.63%. Today

Jakub Novak 10:09 2025-07-14 UTC+2

Update on US stock market on July 11: stock indices extending modest growth

S&P500 Snapshot of major US stock indices Dow Jones: +0.5% NASDAQ: +0.2% S&P 500: +0.3%, S&P 500 closed at 6,283, trading in a range of 5,900 to 6400 The stock

Jozef Kovach 12:57 2025-07-11 UTC+2

US stock market on July 11: S&P 500 and NASDAQ hit record highs before retreating

On Wednesday, the US stock market closed higher, with the S&P 500 gaining 0.27%, the Nasdaq 100 rising 0.09%, and the Dow Jones Industrial Average advancing 0.43%. However, during Asian

Jakub Novak 11:42 2025-07-11 UTC+2

Stock market on July 10: SP500 and NASDAQ extend upward momentum

US stock markets ended the previous trading session with gains, continuing their upward trajectory. The S&P 500 rose by 0.61%, the Nasdaq 100 advanced 0.94%, and the Dow Jones Industrial

Jakub Novak 12:42 2025-07-10 UTC+2

Update on US stock market on July 10: bullish trend going on

S&P500 Snapshot of major US stock indices on Wednesday: Dow +0.5%, NASDAQ +0.9%, S&P 500 +0.6%, S&P 500 6,263 in the range of 5,900 to 6,400. The stock market began

Jozef Kovach 11:41 2025-07-10 UTC+2

Update on US stock market on July 9: consolidation stage. Bank stocks decline

S&P500 Snapshot of major US stock indices on Tuesday: Dow -0.4%, NASDAQ -0.1%, S&P 500 -0.1%, S&P 500 at 6,225, within the range of 5,900 to 6,400 A lack

Jozef Kovach 12:55 2025-07-09 UTC+2

Stock market on July 9: S&P 500 and NASDAQ struggle to gain ground

US stock indices closed mixed on Monday, reflecting growing uncertainty in investor sentiment. The S&P 500 dipped slightly by 0.07%, the Nasdaq 100 made a modest gain of 0.03%, while

Jakub Novak 11:22 2025-07-09 UTC+2

Stock market on July 8: S&P 500 and NASDAQ continue their decline

US stock indices closed lower yesterday, extending recent losses. The S&P 500 dropped by 0.79%, while the Nasdaq 100 fell 0.92%. The industrial Dow Jones index retreated by 0.94%. Asian

Jakub Novak 10:48 2025-07-08 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.