NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Pulls Back As Adobe Dives 14.3%

By:

Vladimir Zernov

Published: Mar 13, 2025, 19:51 GMT+00:00

Key Points:

SP500 tested new lows as traders reacted to economic data and worried about the impact of trade wars.
NASDAQ moved below the support level at 19,300 - 19,350.
Dow Jones found itself under strong pressure amid broad pullback in the equity markets.

NASDAQ Index, SP500, Dow Jones Forecasts

In this article:

US SPX 500

US Tech 100

US Wall St 30

ADBE

HD

SP500

SP500 130325 4h Chart

SP500 is losing ground as traders react to economic reports and focus on the recent twist in the tariff drama. PPI remained unchanged on a month-over-month basis in February, compared to analyst forecast of +0.3%. Core PPI declined by -0.1%, while analysts expected that it would increase by +0.3%. Today, traders also had a chance to take a look at the Initial Jobless Claims report. The report indicated that 220,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 225,000. U.S. President Donald Trump said that he would impose a 200% tariff on alcoholic beverages from the EU if the European Union proceeded with a tax on American whiskey. Traders worry that trade wars would intensify in the near term and put material pressure on economic growth.

Currently, SP500 is trying to settle below the support level at 5500 – 5510. In case this attempt is successful, SP500 will head towards the next support, which is located in the 5400 – 5410 range.

NASDAQ

NASDAQ 130325 4h Chart

NASDAQ is losing ground as traders focus on the potential impact of trade wars. Adobe, which is down by 14.3%, is the worst performer in the NASDAQ index today. The stock found itself under pressure after the company beat analyst estimates on both earnings and revenue but released a disappointing outlook.

If NASDAQ stays below the 19,300 level, it will head towards the next support level at 18,900 – 18,950. RSI is in the moderate territory, and there is plenty of room to gain additional momentum in the near term.

Dow Jones

Dow Jones 130325 4h Chart

Dow Jones tested new lows amid broad pullback in the equity markets. The pullback is led by Home Depot, which is down by 4.7%. The stock is under pressure as traders worry that trade wars will hurt the company’s business.

In case Dow Jones settles below the 40,800 level, it will head towards the next support level, which is located in the 40,200 – 40,300 range.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir Zernovauthor

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.