US Open: indices opens lower at the start of the week ๐Ÿ””

4:26 PM 24 February 2025

The weak sentiment from last week continues into the new one. U.S. indices open lower after already experiencing significant declines in Friday's session. At the moment, investor appetite for risky assets remains weak, with the dollar slightly strengthening. The biggest losses are seen in technology and small-cap stocks, specifically in the US100 and US2000 indices.

Declines are visible across nearly all sectors. The only exceptions are Nvidia and Alphabet, which are posting slight gains at the beginning of the session.

US100

The technology index continues its decline after Fridayโ€™s sharp sell-off. The drop is directly linked to deteriorating sentiment following the release of economic data on Friday. However, this was more of a catalyst rather than the sole reason for the negative sentiment, as several factors contribute to it.

High company valuations leave little room for further growth, especially given rising geopolitical risks and trade war concerns. The nearest support level for US100 could be around 21,200 points, while in case of a rebound, the first resistance level might be just below 22,000 points.

Source: xStation 5

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