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Nasdaq, S&P 500 Ride the Volatility Lightning! Market Insights & Economic Highlights

Posted on March 4, 2025March 4, 2025 by Jenny Collins

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nasdaq

Movers & Shakers by John Thorpe, Senior Broker

Nasdaq

Movers and Shakers: Volatile Day Ahead, Full of Reports

President Trump addressing joint session of congress this evening @ 9 PM Eastern, 6 PM Pacific

Market volatility is here to stay for the foreseeable future, with the Nasdaq and S&P 500 sliding downward at a serious clip.

Choose your opportunities wisely. Don’t miss out on the market news highlights of the day recap below!

Nasdaq, S&P 500

The S&P 500 experienced an 114-point slide ($5700 per contract) The market has continued to recover from the initial losses and look to close in – 50-point range near 5820.00 basis the March contract. The Nasdaq, after taking a drubbing down over 400 points earlier in the session, was running as positive as up 200. As, the Nasdaq is virtually unchanged now as of this typing while the DOW looks to subtract over .1% into the 43000 area.

Tariff concerns creating a lack of confidence in the US Dollar as a safe-haven currency has pushed thru support at 106.00 looking to close in the 105.70 area for the first time since December 10th. The Grain markets should have been lower by much more than they were, Soybeans down 14 cents, Wheat down 11 and Corn down 4 /12 cents, if the dollar were stronger today, our old crop supply is getting cheaper by the day.

Crude oil, after experiencing a $1.70 range will be closing near unchanged around the 68.40 area basis the April contract just .70 lower than one week ago.

Econ Data: ADP, S&P Global Svcs. PMI, Factory orders, ISM Svcs. PMI, EIA Crude Inventories, Beige Book

FED Speak: Quiet

Earnings: Quiet

May Soybeans

May soybeans activated downside PriceCount objectives off the February recovery peak and accelerated to the second objective. It would be normal to get a near term reacion from this level in the form of a consolidation or corrective trade. IF the chart can sustain further weakness, the third count would project a slide to the 9.73 area. The trade below the January reactionary low formally negated the remaining unmet upside objectives.

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Daily Levels for March 5th, 2025

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Economic Reports

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