S&P 500 & Nasdaq Hit Critical Support—Will Stocks Hold or Fall?

It's official. The stock market has gone negative for the year. After starting 2025 with a robust rally, the S&P 500, as tracked by the SPDR S&P 500 ETF Trust NYSEARCA: SPY, is down 1.73%, and the Nasdaq-100, as tracked by the Invesco QQQ NASDAQ: QQQ is down 3.8% year-to-date (YTD) as of February 28, 2025. The descent has been led by the collapse of the computer and technology sector, which the iShares U.S. Technology ETF can track NYSEARCA: IYW, which is down 6.54% YTD as of February 28, 2025. If the Magni ...