**market Mayhem: Tariffs and Expiry Pressures Send Stocks Tumbling**
**Global Markets Plummet as Trade Tensions Escalate**
Global markets ended sharply lower on Thursday, as the latest round of US tariffs and expiry pressures took their toll on investor sentiment. The Dow Jones Industrial Average (DJIA) plummeted over 300 points, while the S&P 500 and Nasdaq Composite indexes followed suit, each shedding around 1.5%. The market cap of the S&P 500, a broad measure of the US stock market, has now fallen by over $1 trillion since its peak in late July.
**Analysts See Weakness, But Hint at Short-Term Bounce**
Despite the current market volatility, analysts believe that the weakness may be short-lived. Many are predicting a potential bounce in the coming days, driven by oversold conditions and a potential rebound in investor sentiment. However, this optimism is tempered by the ongoing trade tensions and the looming threat of further tariffs.
**Five Stocks to Watch for Friday Trades**
For investors looking to capitalize on the current market volatility, here are five stocks that have recently experienced technical breakouts and bullish setups:
1. **Amazon (AMZN)**: The e-commerce giant has broken out above its 50-day moving average, with a bullish engulfing pattern on the daily chart.
2. **Microsoft (MSFT)**: The software giant has formed a golden cross, with its 50-day moving average crossing above its 200-day moving average.
3. **Johnson & Johnson (JNJ)**: The healthcare conglomerate has broken out above its 200-day moving average, with a bullish hammer pattern on the daily chart.
4. **Visa (V)**: The payments giant has formed a bullish ascending triangle, with a breakout above its 50-day moving average.
5. **Mastercard (MA)**: The payments giant has broken out above its 200-day moving average, with a bullish inverted head and shoulders pattern.
**Key Takeaways and Forward-Looking Insights**
While the current market volatility can be unsettling, investors should remain focused on their long-term investment goals and strategies. The potential bounce predicted by analysts could provide an attractive entry point for investors looking to add to their positions or initiate new trades.
As we move forward, it’s essential to keep a close eye on the ongoing trade tensions and their impact on global markets. With the US presidential election on the horizon, investors can expect increased market volatility in the coming months. By staying informed and adapting to changing market conditions, investors can navigate these uncertain times and position themselves for long-term success.
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💡 This analysis is for informational purposes only and should not be considered as financial advice.
