Why did the S&P 500 fall today?

Headlines around a possible Kevin Warsh Fed appointment lifted the US dollar and nudged rate-cut bets lower. Higher yields and a stronger greenback tend to weigh on equities. With event risk building into non-farm payrolls, traders reduced exposure, keeping S&P 500 today in a choppy, range-bound session.

What levels matter most on the S&P 500 today?

First support sits near the Bollinger midline at 6,866, then 6,752. Resistance is 6,980 and the 7,002 year high. ATR near 59 points frames typical daily movement. RSI at 57.5 and positive MACD suggest dips may find buyers as long as those supports hold.

How could non-farm payrolls move markets for Australians?

A strong jobs print can fuel a US dollar rally, lift US yields, and pressure equities, often weighing on AUD and risk appetite. A softer report may ease yields and support S&P 500 today. Watch payrolls, unemployment rate, and wages, since wage growth can shift inflation and Fed expectations.

What can I do with S&P 500 exposure ahead of data?

Consider smaller position sizes, wider but defined stops based on ATR, and staggered entries to reduce slippage risk. Decide if a hedged or unhedged AUD approach fits your view. Avoid heavy trading right into the release window, then reassess levels once liquidity and spreads normalise.

Global Market Insights

^GSPC Today, February 4: Warsh Fed Pick Jars Stocks as NFP Looms

ByDanny Kontos February 4, 2026February 4, 2026

S&P 500 today drifted lower as chatter around a Kevin Warsh Fed nomination fueled a US dollar rally and trimmed rate‑cut hopes. The ^GSPC traded between 6,893 and 6,964 before settling near 6,939, down 0.43%. With non-farm payrolls due late week and mega-cap earnings ahead, volatility stays elevated. For Australian investors, the key watchpoints are AUD moves, US yields, and how offshore swings feed into ASX risk appetite and local S&P 500 ETF exposures.