The Bears Reign: Tech stocks hit hardest in market sell-off #tattvammarkets

The Bears Reign: Tech stocks hit hardest in market sell-off

U.S. stock markets faced another brutal sell-off yesterday, with tech stocks leading the decline. The Nasdaq 100 (US100) plunged over 3%, suffering the worst losses among major indices, while the S&P 500 (US500) dropped 2%, and the Dow Jones (US30) fell by a smaller margin.
The sell-off was fueled by rising U.S. recession fears, worsened by consumer inflation expectations creeping higher for the first time in four months. Investors are also reacting to Trump’s economic policies, which he admitted could cause "short-term turbulence." The sharpest declines came in growth stocks, as rising interest rate fears and economic uncertainty triggered a flight to safety.
While tech stocks have led the market higher for years, today's sell-off raises a critical question: Are growth stocks losing their dominance?

Technical analysis
US100 (Nasdaq 100): The biggest loser of the day, Nasdaq tested key support at 19,239, before bouncing slightly to close at 19,407. A breakdown below 19,236 could accelerate losses toward the 19,000 level, while resistance at 20,266 must be reclaimed to reverse momentum.

US500 (S&P 500): The S&P 500 fell to an intraday low of 5,565 before recovering slightly to close at 5,611. The index is now hovering near the 5,666 support level—a break below this could send the index tumbling toward 5,583.

US30 (Dow Jones): The Dow was the most resilient of the three indices, falling to 41,626 before closing at 41,897. With support at 41,718, the Dow could stabilize if buyers step in, though further losses are possible if bearish sentiment persists.

Actionable insights
1. Watch Nasdaq’s 19,236 level: A break below this could accelerate selling pressure in tech stocks.
2. S&P 500 struggles at 5,666: If this support fails, expect downside toward 5,583. A rebound above 5,755 could ease pressure.
3. Dow Jones remains the most stable: But if it breaks 41,718, more downside could follow.
With rising recession fears and inflation concerns, volatility is here to stay. Will markets find support, or is this the start of a deeper sell-off? Stay tuned.

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