Selling pressure accelerates on Wall Street ahead of the upcoming “Liberation Day” 📌
Markets are starting the week in a very nervous mood. Thirty minutes into trading on Wall Street, major US indices are down around 1.1% (S&P500) and 2.2% (Nasdaq).
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appOnce again, falling tech stocks from the semiconductor/AI sector are largely driving the declines. Source: xStation
Today’s post-weekend market volatility may stem from interviews given by Donald Trump. On Sunday, he told reporters aboard Air Force One that the new retaliatory tariffs he will announce on April 2nd will apply to all countries, not just a selected group.
According to reports, Trump is pressuring his advisors to adopt a more aggressive approach to tariffs, preparing for an escalation of the global trade war. Additionally, on Saturday, Trump said he would consider imposing “secondary tariffs” on Russian oil if Russia hinders efforts to establish peace in Ukraine. These tariffs would punish those buying Russian oil by restricting their access to US markets or imposing tariffs of up to 50%.
The technology sector is clearly the most affected by the sell-off this year. The Mag7 companies index is down -16.8% YTD. It's also worth noting that the S&P500 index excluding the largest big tech companies still remains up by a modest 2.8%. Source: XTB Research
US100 breaks into new local lows of the downward trend and is now trading at the lowest levels seen since September 2024. The RSI indicator shows the most oversold condition since October 2022. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
