News Image

Market Monitor March 13 ( Intel, Dollar General UP, Adobe, Meta DOWN)

By Kristoff De Turck - reviewed by Aldwin Keppens

Last update: Mar 14, 2025

ChartMill Market Monitor Report

US Markets Enter Correction as Trade War Intensifies

U.S. stocks suffered significant losses on Thursday, driven primarily by escalating trade tensions initiated by President Trump's latest tariff threats. The Dow Jones dropped 1.3%, losing 537 points, while the Nasdaq saw an even sharper decline of 2%. The S&P 500 fell 1.4% to close at 5,521.52, marking its entry into correction territory after declining more than 10% from its February peak.

Investor anxiety increased as Trump threatened a 200% tariff on European alcoholic beverages in response to the EU's recent 50% tariff on U.S. spirits. Trump also reaffirmed his commitment to maintain existing tariffs of 25% on steel and aluminum imports, asserting that he wouldn't "bend" despite potential economic repercussions.

Market fears were furth, experts warned these figures didn't account for potential price spikes from new tariffs.

Strategist Paul Stanley from Granite Bay Wealth Management highlighted investor concerns over unpredictable inflationary pressures due to ongoing trade disputes.

Technology stocks were heavily impacted, reversing Wednesday’s brief gains. Meta Platforms (META | -4.67%) fell nearly 5%, Apple (AAPL | -3.36%) and Tesla (TSLA | -2.99%) both declined approximately 3%, and Amazon (AMZN | -2.51%) and Alphabet (GOOGL | -2.60%) dropped around 2.5% each.

Adobe (ADBE | -13.85%) was notably affected, plunging nearly 14% despite reporting better-than-expected earnings, due to disappointing future guidance.

Conversely, Intel (INTC | +14.6%) stood out positively, surging almost 15% after announcing Lip-Bu Tan as its new CEO.

Dollar General (DG |+6.81%) posted fourth-quarter sales that surpassed expectations, boosting shares in discount retail companies. However, the company noted that profitability was affected by an evaluation of its store network and expressed caution regarding future consumer spending habits. Dollar General shares rose by 6.1%, and shares of its competitor, Dollar Tree (DLTR | +6.59%), increased by 6.8%.

Gold reached a record high of $3,000 per ounce, underscoring heightened market uncertainty. Bitcoin slightly declined to around $81,100, while U.S. oil prices dropped 1.4%, trading at $66.75 per barrel.

Overall, market sentiment remains cautious, with investors closely monitoring tariff developments and their potential impact on economic growth.

Daily Market Analysis – March 13, 2025 (After Market Close)

ChartMill US Indices Performance

SPY (S&P 500 ETF)

  • Short-Term Trend: Down (no change)
  • Long-Term Trend: Neutral (no change)

Key Technical Levels:

  • Next Resistance: Around 575
  • Next Support: Around 550-560

QQQ (Nasdaq-100 ETF)

  • Short-Term Trend: Down (no change)
  • Long-Term Trend: Neutral (no change)

Key Technical Levels:

  • Resistance: Around 500
  • Support: Around 445 (potential bounce area)

IWM (Russell 2000 ETF)

  • Short-Term Trend: Down (no change)
  • Long-Term Trend: Down (no change)

Key Technical Levels:

  • Resistance: Around 215
  • Support: Around 195-200 (historical buying interest)

Sector Analysis

  • Next update (weekly) on friday, march 14 (AMC)

Market Breadth Analysis for March 13, 2025

ChartMill US Historical Breadth

The market breadth data of March 13 clearly signals an intensified bearish condition, contrasting sharply with the more neutral to positive breadth observed on March 12. This progressive deterioration suggests an increasing bearish bias, with weakening internal indicators indicating heightened caution for investors.

AMAZON.COM INC

NASDAQ:AMZN (5/23/2025, 3:52:10 PM)

201.197

-1.9 (-0.94%)


DOLLAR TREE INC

NASDAQ:DLTR (5/23/2025, 3:52:08 PM)

88.36

-1.61 (-1.79%)


ADOBE INC

NASDAQ:ADBE (5/23/2025, 3:52:05 PM)

407.625

-6.7 (-1.62%)


APPLE INC

NASDAQ:AAPL (5/23/2025, 3:52:10 PM)

195.32

-6.04 (-3%)


INTEL CORP

NASDAQ:INTC (5/23/2025, 3:52:10 PM)

20.045

-0.5 (-2.46%)


DOLLAR GENERAL CORP

NYSE:DG (5/23/2025, 3:52:07 PM)

100.88

+0.24 (+0.24%)


TESLA INC

NASDAQ:TSLA (5/23/2025, 3:52:10 PM)

339.93

-1.11 (-0.33%)


META PLATFORMS INC-CLASS A

NASDAQ:META (5/23/2025, 3:52:10 PM)

627.56

-9.01 (-1.42%)


ALPHABET INC-CL A

NASDAQ:GOOGL (5/23/2025, 3:52:10 PM)

168.49

-2.38 (-1.39%)



Find more stocks in the Stock Screener

AMZN Latest News and Analysis

ChartMill News Image2 hours ago - ChartmillFriday's session: most active stock in the S&P500 index

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Friday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F BAC SMCI AAPL ...

ChartMill News Image16 hours ago - ChartmillMarket Monitor News May 23 (Snowflake, Urban Outfitters UP - SolarEdge Technologies, Sunrun DOWN)

Wall Street Calms After Budget Jitters – Green Energy Tumbles, Alphabet Shines

Mentions: NKE URBN GOOG FSLR ...

ChartMill News Image2 days ago - ChartmillAMAZON.COM INC (NASDAQ:AMZN) - A Strong Growth Stock with a Technical Breakout Pattern

AMAZON.COM INC (NASDAQ:AMZN) shows strong earnings growth and a bullish technical setup, making it a potential candidate for growth investors.

ChartMill News Image8 days ago - ChartmillWhat's going on in today's session: S&P500 movers

Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.

Mentions: APA BG CB ABT ...

ChartMill News Image8 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocks

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Thursday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F UNH WMT CSCO ...

ChartMill News Image10 days ago - ChartmillMarket Monitor News May 14 ( Tech UP - Healthcare stocks DOWN)

Wall Street Rises as Inflation Eases and Trade Optimism Grows

Mentions: HUM UNH CVS HTZ ...

ChartMill News Image10 days ago - ChartmillWhich S&P500 stocks are the most active on Tuesday?

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Tuesday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F UNH SMCI AMD ...

ChartMill News Image11 days ago - ChartmillMarket Monitor News May 12 ( NRG Energy, Amazon, Meta Platforms UP - CVS Health DOWN)

Wall Street Surges on Temporary Trade Truce Between US and China

Mentions: BMY LLY MRK PFE ...

ChartMill News Image11 days ago - ChartmillWhich S&P500 stocks are the most active on Monday?

Looking for the most active stocks in the S&P500 index on Monday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F PFE SMCI AAPL ...

ChartMill News Image11 days ago - ChartmillTop S&P500 movers in Monday's pre-market session

Get insights into the top gainers and losers in the S&P500 index of Monday's pre-market session.

Mentions: NEM PM GILD LLY ...

ChartMill News Image18 days ago - ChartmillThese S&P500 stocks are the most active in today's session

Explore the S&P500 index on Monday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.

Mentions: F SMCI AAPL AMD ...

ChartMill News Image19 days ago - ChartmillMarket Monitor May 5 ( Meta UP - Apple DOWN)

Wall Street rallies for 9th straight session on strong US jobs data and trade optimism; Apple stumbles, Buffett announces retirement.

Mentions: MSFT AAPL NVDA META

Follow ChartMill for more