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The major US indices had a volatile go at it today.The Dow industrial average had a range of about 800 pointsThe S&P index had a range of 137 points or 2.07%The NASDAQ index had a range of 627 points or 2.28%The initial move was to the downside, and the selling took the price of the broader S&P and NASDAQ indices below its 100 day moving averages. A close below that key MA would have been the first since May 9. However, the momentum couldn’t continue and the price stepped back above the MA and into positive territory. Each of the major indices are closing higher on the day. A snapshot of the closing levels showsDow industrial average rose 493.30 point or 1.08% at 46245.56S&P index rose 64.20 points or 0.98% at 6602.96NASDAQ index rose 195.03 points or 0.88% at 22273.08.For the trading week, the 3 major indices closed solidly lower Dow industrial average -1.91%S&P index -1.95%NASDAQ index -2.74%What was not up today was Nvidia. Despite its strong earnings on Wednesday after the close, the market bellwether was under pressure this week. Yesterday the stock tumbled -3.15%. Today the stock fell another -0.96%. For the trading week, the price tumbled -5.92%. Ouch.Below is a sampling of some large cap stocks closed lower by 5% or more THIS WEEK, with AMD tumbling -17.43%, Micron down -16% and Oracle down -10.90. Bitcoin which tumbled to a low of around after trading at an all-time high of $126K not too long ago, ONLY fell -10.31% this week:AMD: -17.43%Raytheon: -17.17%Micron: -15.99%Strategy: -14.66%Roblox: -12.79%Robinhood Markets: -12.41%Western Digital: -11.81%Super Micro Computer: -11.61%Palantir: -11.07%Palo Alto Networks: -10.91%Oracle: -10.90%BTC/USD: -10.61%Grayscale Bitcoin (BTC): -10.37%Bitcoin Futures: -10.31%SoFi Technologies: -9.42%Celsius: -8.90%Snowflake: -8.79%CrowdStrike Holdings: -8.72%Uber Tech: -8.67%DoorDash: -8.42%Dell Tech: -8.39%Boeing: -7.63%Deutsche Bank AG: -7.47%Microsoft: -7.44%Salesforce Inc: -6.80%Trump Media & Technology Group: -6.68%Zoom Video: -6.60%Airbnb: -6.43%Netflix: -6.21%Qualcomm: -6.14%Amazon.com: -5.97%NVIDIA: -5.92%Boston Scientific: -5.66%Arm: -5.52%iShares Global Clean Energy: -5.52%Box Inc: -5.31%Home Depot: -5.11%So although there was a rebound in the major indices today, the week was full of risk-off selling with two-hands. The week’s brightspot? Alphabet after the new release of Gemini impressed. It rose 8.44% this week.
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
Today’s volatility in US indices signals a critical moment for traders: the Dow swung 800 points while the S&P and NASDAQ saw ranges of 137 and 627 points, respectively. This kind of movement often indicates heightened uncertainty in the market, likely driven by macroeconomic factors or earnings reports. For day traders, this volatility can present opportunities for quick gains, but it also raises the risk of sharp reversals. Watching the S&P’s 2.07% drop could be key; if it breaks below recent support levels, we might see further selling pressure. Conversely, a rebound could signal a buying opportunity for swing traders looking to capitalize on a potential recovery. But here’s the flip side: while the initial move was down, these sharp swings can also attract institutional buying, especially if they perceive value at lower levels. Keep an eye on the NASDAQ’s performance as tech stocks often lead market sentiment. Monitoring the next few days for follow-through on these moves will be crucial for positioning ahead of any upcoming economic data releases.
📮 Takeaway
Watch the S&P index closely; a break below its recent support could trigger further selling, while a rebound might offer a buying opportunity.
