Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Nasdaq 100, S&P 500, DAX. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
The Fed's hawkish tone has rattled markets, setting a cautious tone for year-end trading.The bulls started the month strong, fueled by optimism and an expectation that the year would close on a high note. Investors anticipated no surprises from thedelivered the expected cut, its hawkish guidance—reducing the outlook for rate cuts next year from 100 basis points to just 50—sent shockwaves through the market. The shift in tone has rattled investors, triggering sharp declines across major U.S.
With that in mind, here's a technical overview of how the indexes might fare as the week comes to an end., a bellwether for technology stocks, is grappling with a strong downward impulse. Prices have reached a critical confluence zone, aligning with the last correction in the downtrend after the 21,400 support level gave away.If the selloff continues, the next significant target lies around the 20,000-point cluster.
This area could prove pivotal for the DAX’s trajectory. A break below 19,700 points might set the stage for a test of the psychologically significant 19,000-point barrier.As the year winds down, markets are grappling with the implications of a less accommodative Federal Reserve.
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