U.S. indices lose momentum during Tuesday’s session, with only Alphabet and Tesla showing gains among the Mag7 stocks.
The dollar remains flat, while 10-year U.S. Treasury yields climb 4 basis points to above 4.51%, putting pressure on risk assets.
-
J.P. Morgan surprised markets with a forecast that U.S. equities would underperform European assets by the end of this year.
-
Goldman Sachs noted that the dominance of U.S. assets has faded, as the investment fundamentals in the U.S. have shifted over the past six months.
The US100 is down nearly 0.5%, while other U.S. index futures are posting smaller declines in comparison — largely driven by Nasdaq-listed stocks.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS100 (D1)
A key support area lies around the psychologically important 20,000-point level, which is reinforced by the 200- and 50-day exponential moving averages (EMA200, EMA50) and Fibonacci retracement levels.
Source: xStation5
Tesla Back in Favor?
Tesla's sales in China (TSLA.US) over the first seven weeks of the year dropped 24% year-over-year to 48,000 vehicles. However, data cited by Citi shows that sales reached 11,150 models last week (a 16% year-over-year weekly decline), compared to 3,040 units in the previous week.
Today, TSLA.US is the strongest-performing stock among large U.S. companies, as investors are pricing in potential positive surprises and improved delivery numbers for Q2.
Tesla (D1)
Tesla shares have rebounded from the lows near $206 and are now trading around $350, roughly 15% above the 200-day moving average.
Source: xStation5
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.
