Why did the Nasdaq index rebound today?

A Trump tariff retreat removed a major overhang, lifting risk appetite for large-cap tech and growth. With policy risk dialed down, investors refocused on earnings, cash flow, and AI-related demand. The rebound reflects improved sentiment, but the market remains sensitive to fresh headlines and data, so risk controls still matter.

How should Australian investors play this move?

Blend US tech exposure with a small allocation to Asia or Europe to reduce single-market risk. Use a simple AUD hedge ratio if currency swings worry you. For the Nasdaq index, add on dips toward support levels, and scale into positions rather than buying all at once to manage volatility.

What technical levels matter right now?

Key reference points include 25,300 as first support and 25,950 as resistance, with the 50-day average near 25,312 and the year high around 26,182. For the Nasdaq index, an upside break and close above 26,000 would strengthen momentum, while a drop below the 50-day would warn of fading breadth.

Should I watch Nasdaq futures before trading?

Yes. Nasdaq futures provide an early read on sentiment and gap risk before the cash session. They also help gauge reactions to earnings and macro data. Combine futures signals with levels, breadth, and volatility to refine entries on the Nasdaq index and to avoid chasing moves sparked by short-lived headlines.

Global Market Insights

^NDX Today, January 24: Trump Tariff Backdown Sparks Tech Rebound

ByHuzaifa Zahoor January 23, 2026January 23, 2026

The Nasdaq index is bouncing after a Trump tariff retreat eased fears around new duties on the EU and Greenland-linked trade. Tech bid returned as policy risks cooled, helping the Nasdaq-100 (^NDX) claw back recent losses. We break down today’s levels, momentum signals, and what this means for Australian investors. We also outline ways to use Nasdaq futures and simple currency hedges to manage market volatility and protect returns in AUD.