Nasdaq falls sharply on Thursday as trading opens

US indices continue to decline as investors remain nervous.

US indices opened lower on Thursday, with the Nasdaq leading the decline.

This drop comes amid investor anxiety about the market's performance, which could push the indices into sideways movements with a downward bias.

Indices' Movements

Concerns continue to influence indices, and as investors await further developments, the US indices opened as follows:

The Dow Jones opened down 0.62%, and the index continued its decline, reaching levels around $49,122.

The outlook remains positive for the Dow Jones in the long term.

The Nasdaq opened down 1.11%, and the index has since fallen to 24,547. Further gains are expected, especially if it rebounds from the current support levels it has retested. However, if it closes below these levels, the index could continue its decline in the medium term, targeting the next support level near 24,260.

The S&P 500 opened down 0.92%, and the index has continued its decline to 6,807. Price action still suggests further losses, potentially reaching the medium-term support level of 6,787. A rebound from these levels is expected, allowing the index to resume its long-term upward trend.