Nasdaq 100 futures drop 2.5% after initial rally due to US-China trade tensions

From Investing.com: 2025-04-10 07:18:00

Nasdaq 100 futures drop 2.5% after initial rally due to US-China trade tensions and weak liquidity, resistance at 19,400. Traders cautious as uncertainty persists with 10% tariff still in place. European Union also pauses counter-tariffs for 90 days. Market rally fueled by short-covering, potential for further volatility ahead.

Global growth concerns reflected in 3% drop in Nikkei and slip in DAX. Safe-haven flows into USD and JPY indicate lack of market confidence. More volatility expected as traders navigate trade uncertainty. Nasdaq 100 at key levels, resistance at 19,140-19,400, support at 18,700, 18,350, and 17,580. Market trend remains uncertain, caution advised.



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