Will Nasdaq Rebound Today? Global Trends Hint at Cautious Optimism for April 11
On April 10, the Nasdaq Composite endured its worst single-day fall of the year, plunging 737.66 points or 4.31% to close at 16,387.31. Tech heavyweights led the sharp decline amid fresh worries around inflation and concerns about sustained rate hikes. The correction followed weeks of intense volatility and brought the index well below the 17,000 mark.
However, as the trading day begins on April 11, all eyes are on whether the Nasdaq will bounce back or extend its losses. Based on a comprehensive assessment of global equity markets and early economic cues, a mild rebound or flat opening seems likely for the US tech index.
Key Nasdaq Data Snapshot (April 10 Closing)
- Previous Close: 17,124.97
- Closing Price: 16,387.31
- Loss: -737.66 points (-4.31%)
- Day Range: 15,894.26 – 16,712.37
- 52-Week High: 20,204.58
- 52-Week Low: 14,784.03
Global Market Indicators: Mixed Cues with Asian Resilience
The global equity landscape offers mixed signals that point to a possible technical recovery for the Nasdaq today.
Asian Markets Performance (April 11)
- Nikkei 225: ❌ Closed down 1,023.42 points (-2.96%)
- KOSPI (Korea): ❌ Down 12.34 points (-0.50%)
- ASX 200 (Australia): ❌ Down 63.10 points (-0.82%)
However, China and India offered signs of strength:
- Taiex (Taiwan): ✅ Up 528.74 points (+2.78%)
- SSE Composite (Shanghai): ✅ Up 14.59 points (+0.45%)
- SZSE Composite (Shenzhen): ✅ Up 13.39 points (+0.72%)
- Hang Seng (Hong Kong): ✅ Up 232.91 points (+1.13%)
- Nifty 50 (India): ✅ Up 428.65 points (+1.91%)
- Sensex (India): ✅ Up 1,308.99 points (+1.77%)
European Markets (Opening Trends)
- DAX (Germany): ❌ Down 39.89 points (-0.19%) in early trading
Nasdaq Opening Prediction for April 11
Based on these indicators, we expect the Nasdaq to open between 16,400 and 16,550 with a slight bullish bias, as global traders may attempt to buy the dip.
Key supporting factors:
- Asian resilience, particularly from India, Taiwan, and China
- Technical buying opportunities after a 4% sell-off
- Stabilizing bond yields overnight
However, traders remain cautious as inflationary pressures, bond market signals, and earnings season volatility continue to hover.
What to Watch Today
- Nasdaq Futures Movement in pre-market
- Tech Stock Reactions: Watch Apple, Microsoft, Nvidia, Tesla
- US Macro Updates: Any jobless claims or CPI commentaries
- Fed Commentary: Any hints around interest rate trajectory
While the Nasdaq Composite had a harsh correction on April 10, a combination of resilient Asian markets, solid Indian equity performance, and technical rebound indicators suggest that the index may not continue its freefall today.
Unless further economic shocks emerge during US trading hours, a flat to mildly positive opening is the most likely scenario for April 11. Traders are advised to monitor Nasdaq futures closely, as sentiment may shift rapidly closer to the US market bell.
Stay tuned for live updates as the market opens.
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