empty
21.03.2022 01:50 PM
American premarket on March 21: Boeing shares fell by 6% after the fall of the Boeing 737 passenger plane of China Eastern Airlines

Futures on US stock indices have started this week in different directions after another sharp rise, observed for the fifth consecutive session last Friday. Dow Jones Industrial Average futures fell by about 90 points or 0.3%. This happened due to a sharp drop in Boeing's securities. S&P 500 futures are trading in a small plus. Nasdaq 100 futures were down 0.1%.

Boeing securities fell by more than 6% in the premarket after news of the crash of the Boeing 737 passenger plane of China Eastern Airlines. According to preliminary data, 133 people were killed. The cause of the fall is being established.

This image is no longer relevant

Last week, the US stock market showed excellent growth and showed the best result since November 2020. The S&P 500 rose 6.1% from Monday to Friday, and the Dow Jones Industrial Average was up 5.5%. The high-tech Nasdaq Composite rose 8.1%. However, many are now wondering whether the market will be able to maintain this growth, especially in light of the lack of positive dynamics in the negotiations between Russia and Ukraine, about which so much was said last week. According to experts, April is historically one of the best months for the US stock market, which may keep the bulls positive for some time.

Let me remind you that also last week investors received the long-awaited clarity from the Federal Reserve System, which raised interest rates for the first time since 2018. The central bank made it clear that it expects to raise rates at the remaining six meetings this year but did not signal a super-aggressive policy, which everyone feared due to the excessive level of inflation observed in the country. Some economists note that during the meeting, the Fed prepared the ground for a softer landing of the economy.

As noted above, market participants are also monitoring the military special operation conducted by Russia on the territory of Ukraine. Ukrainian President Vladimir Zelensky has warned that if peace talks with Russian leader Vladimir Putin fail, it will mean the beginning of a global war. Recently, Ukrainian and Russian officials have met from time to time to hold talks, but the meetings have so far led to nothing.

West Texas Intermediate crude oil rose again to $ 110 per barrel, reflecting investors' concern about geopolitical events, as well as tensions in the Middle East. Australia's ban on the export of alumina to Russia provoked an increase in aluminum production. The surge in commodity prices due to concerns about supply cuts is not showing signs of abating yet. This forces traders to be on high alert for excessively high inflation and undermines their belief that the Federal Reserve will reconsider its approach to raising interest rates.

This image is no longer relevant

As for the technical picture of the S&P 500

Friday's rise above $ 4,433 indicates a continuation of the bullish rally, which can be expected today. Bulls will certainly try to continue the uptrend, which will lead to an update of $ 4,488. Going beyond this level will open a direct path for the trading instrument to the highs: $ 4,539 and $ 4,588. In the event of a return of pressure on the index, the first support level will be viewed at around $ 4,433. If there are no particularly willing to buy there, a breakdown of this range can quickly dump the trading instrument to the lows: $ 4,382 and $ 4,319, after which the bulls will have to start all over again.

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

Why tariffs may trigger rally instead of crash?

The current panic in the markets may be overblown. If tomorrow's tariffs prove to be less damaging than expected, we could witness a short but sharp rebound, particularly

Anna Zotova 11:03 2025-04-01 UTC+2

US stock market: spike from strong support. Growth realistic

S&P500 Update on US stock market Snapshot of benchmark stock indices on Monday: Dow +1%, NASDAQ -0.1%, S&P 500 +0.6%, S&P 500 at 5,612 trading in a range of 5,500

Jozef Kovach 10:48 2025-04-01 UTC+2

Update on US stock market on April 1. SP500 and NASDAQ fall to new one-year low

As a result of Friday's regular session, US stock indices closed mixed. The S&P 500 rose by 0.55%, while the Nasdaq 100 dropped by 0.14%. The industrial Dow Jones gained

Jakub Novak 08:56 2025-04-01 UTC+2

Stock market on March 31: S&P 500 and Nasdaq edge closer to yearly lows

At the close of Friday's regular trading session, US stock indices ended in negative territory. The S&P 500 fell by 1.97%, while the Nasdaq 100 declined by 2.70%

Jakub Novak 12:27 2025-03-31 UTC+2

US market tumbles on Trump's tariff moves and weak economic signals

S&P 500 Overview for March 31 US market sees steep decline. Indices hit one-year lows on Trump's tariff moves. Major US indices on Friday: Dow: -1.7%, NASDAQ: -2.7%, S&P

Jozef Kovach 10:12 2025-03-31 UTC+2

Stock Market on March 28th: S&P 500 and NASDAQ in a Difficult Position

At the close of yesterday's regular trading session, U.S. stock indices ended in the red. The S&P 500 dropped by 0.33%, the Nasdaq 100 fell by 0.53%

Jakub Novak 10:29 2025-03-28 UTC+2

US stock market: Trump's tariffs halt uptrend, so benchmark stock indices consolidating. PCE data on investors' radars today

S&P500 Market update on March 28 US stock market: Trump's tariffs halt uptrend, so benchmark stock indices consolidating. PCE data on investors' radars today Snapshot of US stock market

Jozef Kovach 08:46 2025-03-28 UTC+2

US market slides as Trump's tariffs erodes confidence in economic outlook

S&P 500 Overview for March 27 The US market dipped on renewed tariff fears and economic uncertainty. Key US indices on Wednesday: Dow: -0.3%, NASDAQ: -2.0%, S&P 500: -1.1%, S&P

Jozef Kovach 08:58 2025-03-27 UTC+2

Stock Market on March 27th: S&P 500 and NASDAQ Collapsed After Trump's Latest Tariffs

At the close of Tuesday's regular session, U.S. stock indices ended in negative territory. The S&P 500 dropped 1.12%, while the Nasdaq 100 fell by 2.24%. The Dow Jones Industrial

Jakub Novak 08:43 2025-03-27 UTC+2

US stock market displaying modest growth

S&P500 Stock market update on March 26 Snapshot of the US stock indices on Tuesday: * Dow +0%, NASDAQ +0.5%, * S&P 500 +0.2%, * S&P 500 now trading

Jozef Kovach 09:21 2025-03-26 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.