NDXUSD

The NASDAQ index is trading at 18,343, down 4.19% due to concerns over tariff increases and the trade war with China. The 145% tariffs imposed on China pose a direct risk to technology companies' supply chains and profit margins. In recent weeks, the index has lost nearly 23% in value, indicating a significant wave of selling in the technology sector. Companies leading the decline in the index include MPWR (13.73%), Microchip Tech (13.56%), and APA (12.63%). BlackRock has downgraded its outlook on U.S. stocks from "overweight" to "neutral," while market experts warn that the NASDAQ could experience losses of up to 93% of its real value. The U.S. 10-year Treasury yields remain above 3.6%, and inflation concerns continue to pressure technology stocks. Today's U.S. inflation data, which came in below expectations, has somewhat mitigated the decline in the index, although technical indicators show that investors are closely monitoring the mid-term support level of 17,400. A breakout above the resistance level of 18,350 is needed for recovery, and the index has lost approximately 19% in value since the beginning of the year.