S&P 500 Price Analysis: US stocks on the back foot amidst worst US jobless claims in history


  • S&P 500 is under pressure below the 2515 level.
  • US jobless claims reach a new historic high at 6.648 million which could weigh heavily on the economy.
 

S&P 500 daily chart

 
The S&P 500 remains under pressure below the 2515 resistance as the US jobless claims hit a new record high at 6.648 million painting a gloomy picture for the economy. In this context, the index could decline further towards the 2400 and 2300 support levels in the medium term while resistance should emerge near 2515 and 2600 levels. 
 

Additional key levels 

SP 500

Overview
Today last price 2462.75
Today Daily Change -7.25
Today Daily Change % -0.29
Today daily open 2470
 
Trends
Daily SMA20 2571.54
Daily SMA50 2984.62
Daily SMA100 3090.32
Daily SMA200 3030.86
 
Levels
Previous Daily High 2558.25
Previous Daily Low 2447.5
Previous Weekly High 2641
Previous Weekly Low 2188.5
Previous Monthly High 3137
Previous Monthly Low 2188.5
Daily Fibonacci 38.2% 2489.81
Daily Fibonacci 61.8% 2515.94
Daily Pivot Point S1 2425.58
Daily Pivot Point S2 2381.17
Daily Pivot Point S3 2314.83
Daily Pivot Point R1 2536.33
Daily Pivot Point R2 2602.67
Daily Pivot Point R3 2647.08

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

Gold gives away some gains, slips back to $2,980

Gold gives away some gains, slips back to $2,980

Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.

Gold News
EUR/USD remains firm and near the 1.0900 barrier

EUR/USD remains firm and near the 1.0900 barrier

EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.

EUR/USD News
GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.

GBP/USD News
Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.

Read more
Week ahead – Central banks in focus amid trade war turmoil

Week ahead – Central banks in focus amid trade war turmoil

Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025