US Market Outlook: Dow Jones, S&P 500, NASDAQ Composite plunge on additional tariff threat on Chinese imports
The Dow Jones Industrial Average, S&P 500 and the NASDAQ Composite indices were knocked down badly on Friday. The Dow Jones fell 1.9 per cent. The S&P 500 and NASDAQ Composite indices were down 2.7 per cent and 3.5 per cent, respectively.
The US President Donald Trump’s plan to impose an additional 100 per cent tariff on Chinese imports triggered this sell-off on Friday. However, in the Futures markets, there has been a good recovery in the early trades today after Trump said not to worry about China and everything will be fine. The benchmark indices have risen by over 1 per cent each in the Futures trading.
Dow Jones (45,485.59)
The outlook is bearish. Cluster of resistance is in the 45,900-46,100 region. A rise beyond 46,100 may need a strong positive trigger. So, any bounce today can be capped at 46,100. The Dow Jones looks vulnerable to fall to 45,200-45,000 in the coming days.
A decisive rise above 46,100 might be needed to ease the downside pressure and turn the sentiment positive.
Supports: 45,400, 45,200
Resistances: 45,900, 46,100
S&P 500 (6,552.52)
Strong resistance will now be in the 6,600-6,620 reigon which can cap the upside if there is a bounce. Outlook is bearish. S&P 500 index can fall to 6,500-6,480 in the coming sessions.
The S&P 500 index has to breach 6,620 to negate the bearish view and move further higher.
Supports: 6,500, 6,480
Resistances: 6,600, 6,620
NASDAQ Composite (22,204.43)
The strong fall below 22,400 is a negative. That leaves the outlook bearish. Resistance is in the 22,350-22,400 region. A rise above 22,400 is less likely.
The index can fall to 22,000 or even 21,800 in the coming sessions.
Supports: 22,000, 21,800
Resistances: 22,350, 22,400
Published on October 13, 2025