Global Markets Hit by Sell-Off: Bond Yields Rise, Stock Markets Under Pressure

NDX dropped 3.4% in the last 24 hours to 27,211, with the 14-day RSI falling to 31, nearing oversold territory. The MACD line remains below the signal line and in negative territory, confirming weak short-term momentum. The price is trading below the 20-day SMA (27,721) and 50-day SMA (28,309), indicating a deteriorating technical outlook. Headlines cite a global sell-off and rising bond yields pressuring equities, supporting the current downtrend. Selling pressure is likely to persist in the near term, but oversold conditions may trigger a bounce.

The S&P 500 (SPX) is trading below its 20- and 50-day moving averages, indicating short-term weakness. The RSI is at 32, approaching oversold territory but not yet signaling a recovery. The MACD line is below the signal line and in negative territory, confirming downward momentum. The global sell-off and rising bond yields highlighted in the news headline could suppress risk appetite and create additional selling pressure on the SPX. In the short term, the downtrend is likely to continue, though some consolidation may occur due to oversold conditions.

The headline points to a sell-off wave that is negatively impacting global risk appetite. Although AAPL stock has risen 1.7% in the last 24 hours, the RSI at a neutral 52 and the MACD remaining below the signal line indicate weakening short-term momentum. The price sitting just below the 20-day simple moving average (339.17) increases the likelihood of encountering resistance. Global selling pressure and rising bond yields could weigh on growth stocks. Therefore, a downward move in AAPL can be expected in the short term.

NVDA has declined 8.5% in the last 24 hours, falling to 190.06. Although the RSI at 31.9 is approaching oversold territory, the MACD continues to give a sell signal, and the price is trading below both the 20-day (195.16) and 50-day (203.06) moving averages. The news headline points to rising global bond yields and selling pressure, which could add further pressure on high-growth stocks. In the short term, technical indicators remain weak, and while the oversold zone may trigger a potential bounce, the current downward momentum suggests the bearish trend is intact.