The Nasdaq 100 Index (NDX) is attempting a rebound after a volatile session triggered by fresh global tariff announcements. On April 2, 2025, the U.S. government imposed a 10% baseline tariff on all imports, targeting China, Europe, and semiconductor-producing nations with additional levies on tech components, AI chips, and industrial machinery. In response, China retaliated with tariffs on U.S. chipmakers and cloud computing services, fueling concerns over supply chain disruptions.
As of premarket trading today, the Nasdaq 100 is hovering around 19,740, recovering from yesterday’s close at 19,581.78. Traders are watching whether the index can reclaim the 19,896.33 resistance level, which has acted as a short-term barrier.
The tariff escalation has rattled big tech stocks, with Apple (AAPL), NVIDIA (NVDA), and Microsoft (MSFT) leading the losses. These companies are at the heart of the trade war, facing both increased costs and potential demand slowdowns in key international markets.
Premarket Resistance: 19,896.33 → 20,581.71
Breakout Target: 21,534.27 → 22,138.33
Support Levels: 19,164.49 → 18,432.64
Major Bearish Pivot: 17,445.24
Despite the tariff-induced volatility, the market is finding stability as traders shift focus to upcoming U.S. economic data, inflation trends, and Federal Reserve policy updates. Earnings season is also approaching, and tech giants will need strong guidance to regain bullish momentum.
For now, traders should watch for high-volume moves, especially around key technical levels. The tariff situation remains fluid, and any further escalation could dictate the Nasdaq 100’s next big move.
This article was originally published on InvestingCube.com. Republishing without permission is prohibited.
This post was last modified on Apr 03, 2025, 14:30 BST 14:30