S&P 500: All Eyes on 200-Day MA – Holding This Level Could Spark Stronger Recovery
From Investing.com: 2025-03-05 07:02:00
US index futures were trading higher, following a positive tone in Europe. Plans for a €500 billion infrastructure fund in Germany boosted sentiment, along with speculation of reduced US trade tariffs. The S&P 500 index wiped out its post-election rally but saw a recovery attempt. Trade tensions, valuation concerns, and profit-taking contributed to the recent market drop. Focus now shifts to key US data like ISM and NFP reports. Recent data showed signs of weakness, prompting rate cut speculation. Markets bounced off key technical levels, with a focus on S&P 500’s next moves.
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