-
Search Results
-
Newsquawk Week Ahead: 26th-30th May 2025
US equities turned lower in afternoon trading, with the S&P 500 falling 0.8% and on track to snap its six-day winning streak.
The Nasdaq slipped 0.9%, while the Dow Jones lost 250 points.
The pullback followed a recent rally driven by easing trade tensions and investor optimism surrounding President Trump’s proposed tax and tariff policies.
However, growing concerns that investor relief over cooling inflation and trade progress may be premature weighed on sentiment.
A selloff in big tech dragged the market lower, with Alphabet slipping during its Google I/O event and additional losses in Nvidia, Meta, Apple, and Microsoft.
Tesla stood out as a rare megacap gainer, rising 2% after Musk reaffirmed his commitment to remain CEO for the next five years.
Caution also grew amid mixed earnings from Home Depot and renewed warnings from JPMorgan and Fed officials, including St. Louis Fed President Alberto Musalem, who noted that tariffs could pressure the economy and inflation outlook.
Tesla Chart
Nvidia – NVDA
Nvidia overshoot the resistance at 135.00, and if it manages to hold onto gains now, next target is at 143.75.
This is very bullish run, with opening gaps to the upper side, so if it continues like that, we can see 150 within days.
But do not fall for it just yet – there is always something that will force it into consolidation or correction. So be cautious and watch your step.
Supports at: 124.50 & 119.05
Nvidia – NVDA
And as I said days ago : Break of 121.70 would open a gate for run all the way to 158.00
Nvidia broke from Downtrend and now it can freely fly.
Resistances: 135.00, 143.75 & 149.60
Supports: 127.00, 123.00 & 120.65
Expect some pull backs, profit takings etc, but as long as above 120.65 it is targeting 153 – previous high and 158.00 later on
Wall Street opens with gains as US-UK finalize trade deal, tech stocks rally
Wall Street saw optimism in early trade on Thursday, May 8, after U.S. President Donald Trump announced that the U.S. and U.K. have agreed on a trade deal.
At 7.20 pm IST or 9.50 am ET, the Dow Jones index was higher by 185 points or 0.45 percent, the tech-heavy Nasdaq index gained 100 points or 0.55 percent, while the broader S&P 500 index ticked up 25 points or 0.45 percent.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” said President Trump, in a post on Truth Social.
The U.S. President will reveal further details at 10 am ET. Trump also added that there are more deals, which are in serious stages of negotiation.
Tech stocks gained on Wednesday following reports that the Trump administration plans to roll back upcoming AI chip restrictions introduced under the Biden administration. The controls were set to take effect later this month.
Chipmakers led the rally, with Intel jumping 3.3 percent, AMD rising over 3 percent, and Nvidia edging up 0.5 percent. Among megacaps, Meta and Amazon gained more than 1 percent, while Tesla surged more than 3 percent.
Nasdaq Chart
Nvidia – NVDA
If Nvidia closes like this tonight, we would have a Pattern calling for next leg Up and strong – tomorrow.
It might even be with the gap to the topside.
Be aware – if it doesn’t take and break 115.40 , all bets are off !
Target of this expected move Up is at 122.20 – Downtrend resistance line dating from January this year.
Nvidia – NVDA
Seems as Nvidia is slowly escaping the big downward pressure.
It has to hold on above 110.00 for more gains.
Below it there is another one at 100.00, but that development would not only slow down Nvidia, but put it in danger of continuing this cascade style downtrend.
Resistance lies at 121.50 and if that one taken out, we’ll be seeing some serious levels soon after.
Nvidia – NVDA
Nvidia jumps on report of US mulling looser curbs on chip export to UAE
Shares of AI chip leader Nvidia NVDA rise 4% to $113.30
** U.S. is weighing a potential easing of restrictions on Nvidia sales to the United Arab Emirates, Bloomberg News reports
** President Donald Trump could announce the start of work on a bilateral chip deal during his upcoming trip to UAE
Support at 110.00
Resistance at 122.50
If Nvidia breaks above Downtrend line originating from January 2025. It would be back in play for levels 140-150
Nasdaq composite poised to be chipped at the open
Key points:
· US equity index futures red: Nasdaq 100 down >1.5%
· Mar retail sales MM, Ex-Autos MM > ests; Mortgage index < prior
· Euro STOXX 600 index off ~0.5%
· Dollar down; bitcoin slips; crude up ~1.5%; gold up ~2.5%
· US 10-Year Treasury yield edges up to ~4.34%
NASDAQ COMPOSITE POISED TO BE CHIPPED AT THE OPEN
Ahead of Wednesday’s open, e-mini Nasdaq 100 futures NQ1! are trading down more than 1.5%.
This, with chip darling Nvidia NVDA slumping after the company flagged steep charges from new U.S. curbs on chip exports to China, fuelling worries about the fallout of an escalating trade war.
Technicals NASDAQ
Nvidia – NVDA
Nvidia Shares Fall 5% After U.S. Blocks China Chip Exports
it would need a special license to export its H20 graphic processing units and related hardware to China, a restriction set to remain in place indefinitely.
Nvidia seems destined to Open today with an ugly gap to the downside.
90.00 is in sights once again – Loss of it would drive the stock to 70’s area
US OPEN
Risk off mood, but off worst levels amid reports China is open to talks with the US, NVIDIA -5.8% after warning of a USD 5.5bln hit
Good morning USA traders, hope your day is off to a great start! Here are the top 7 things you need to know for today’s market.\
7 Things You Need to Know
China is said to be open to talks if US President Trump shows respect, via Bloomberg sources; China wants Trump to rein in cabinet members and show consistency; wants US talks to address concerns on Taiwan and sanctions.
White House said over 15 trade deal proposals are being considered and some could be announced soon.
European indices downbeat, but some upside seen on source reports that China is open to talks, albeit with conditions; ASML -5% after poor Q1 results amid trade uncertainty.
US equity futures lower and NQ underperforms with NVDA down 5.9% after it expects a USD 5.5bln hit due to export controls.
USD is softer vs. G10 peers. Support from a conciliatory trade report proved to be fleeting.
Fixed is underpinned by the risk-off tone, though off best given the latest China sources.
Crude reverses losses on China sources, base metals hit on US’ critical mineral investigation; gold tops USD 3,300/oz.
Using my platform as a HEATMAP shows…
… the dollar trading blower as a fresh bout of weaker stocks sets a risk off mood
The catalyst: tariffs news led by…
Nvidia shares falling sharply after hours as the White House restricts chip sales to China
Gold surges to another record high
Looking ahead: U.S. retail sales (but data is old news!, BoC rate decision
US OPEN
NVIDIA +1% in pre-market after Q4 results, a pick up in yields lift the Dollar ahead of US data
Good morning USA traders, hope your day is off to a great start!
Here are the top 4 things you need to know for today’s market.
4 Things You Need to KnowNVIDIA +1.1% in US pre-market after headline beats whilst Q1 gross margins are seen easing.
European bourses on the backfoot with sentiment hit in Europe amid Trump’s EU tariff threats; US futures gain.Pick-up in US yields provides reprieve for USD, USD/JPY eyes a test of 150.
Crude trims recent losses but metals pressured by a firmer Dollar.
<p style=”text-align: center;”><strong><a href=”https://newsquawk.com?fpr=c3imf”>Try Newsquawk for 7 Days Free</a></strong></p>
US OPEN
NQ bid ahead of NVIDIA earnings; USD gains & copper benefits on Trump tariff investigations.
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.
4 Things You Need to Know
European bourses gain and currently reside at highs; US futures also stronger with NQ outperforming ahead of key NVIDIA results.DXY attempts to claw back recent losses, EUR/USD lingers around 1.05.
USTs are off lows but remain in the red while EGBs inch higher.
Crude choppy, gas subdued, but metals hold a positive bias as the complex digests Trump tariff investigations into copper.
