Dow and Nasdaq 100 off Monday lows while Nikkei 225 struggles
Indices rallied from their Monday lows, but the bounce stalled in early trading on Tuesday.
Dow rebound struggles
After gapping lower to start the week, the Dow Jones managed to rebound through Monday's session as both Mexico and then Canada managed to delay the imposition of new US tariffs.
The index found buyers below 44,000, and while it dropped back from overnight highs on news that China would impose its own tariffs, it has avoided a renewed slump so far. A close back above 44,500 helps to solidify the bullish view and puts the index back on course to test 45,000.
Dow Jones daily chart
Nasdaq 100 boosted by Palantir earnings
A similar scenario unfolded here—the overnight gap from Sunday was almost entirely closed by the end of Monday.
A recovery of 21,500 will then leave the Nasdaq 100 price to test the area below 22,000 that marked the highs in late January. Palantir's earnings last night provided an additional boost just as tariff fears began to fade.
The past two weeks have seen strong buying around 21,000, so a close below this is needed to suggest more sustained weakness.
Nasdaq 100 daily chart
Nikkei 225 on the back foot
The Nikkei 225 index rebounded on Monday too, though it suffered bigger overnight losses.
The Sunday night fall took the index back to 38,500, where it once again found support, as it had done in mid-January. Some tentative overnight buying has helped lift the index off its lows, but a close back above 39,000 is needed to suggest a more solid move higher.
Nikkei 225 daily chart
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