Thursday started in euphoric moods on indices but ended with a panic sell-off, triggered by US tech stocks. While there was no obvious single reason, it all started with Tesla. The company first announced share sale and then we learned that a major shareholder reduced his stake – a sign that valuation could be simply too high.
Valuation concerns are present for the whole tech sector and little wonder US100 was the biggest sell-off victim among indices. What’s next? The index is still very high and within a very steep upwards channel. A lower limit of this channel runs around 11450 points while a previous local high is around 11265 – these are support level to watch.
However, when the index made an attempt to break higher from a similar channel in February it eventually ended in a massive sell-off. This situation looks similar but obviously back in February pandemic was the main reason.
Traders will receive one more crucial piece of information today – the NFP report from the US (1:30pm BST). We will comment the release in the “News” section for you.
Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
3 markets to watch next week (14.11.2025)
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈