Google Stock Finally Rebounds on FED Boost, Tesla Gains 4%
Markets feared a dovish FED statement on sticky inflation, but that didn’t happen, which sent the Tesla stock and Google stock higher.
Google Finds Support at Key Level, Reverses Recent Decline
Google stock (GOOG) has been under heavy selling pressure since early February, falling 25% from its peak of $206.69. The downtrend pushed the stock below the 200-day simple moving average (SMA) yesterday, dropping to $156.72 before buyers stepped in. Today, Google shares rebounded strongly, closing 2.2% higher, suggesting that the 200-day SMA is acting as a key support level.
GOOG Stock Chart Daily – The 200 SMA Held As Support
This bounce comes after a dovish statement from the Federal Reserve, which signaled a more accommodative stance on monetary policy, boosting investor sentiment. The question now is whether this marks a turning point for Google’s stock or if the recent decline will continue.
Despite the $32 billion acquisition of cybersecurity firm Wiz, regulatory concerns and broader market uncertainty have weighed on Alphabet’s performance. While the deal is a strategic move to expand Google’s cloud security business, investors remain cautious, waiting for signs of stabilization in the stock.
Tesla Rallies 4.6%, Bounces Off Key $220 Support
Tesla (TSLA) has also been struggling, having lost nearly 50% of its value since peaking at $488 in December. The stock dropped over $40 last week to a low of $220, which now appears to be forming a support zone. With the FED’s dovish stance boosting market confidence, Tesla stock surged today, closing at $235.86, up 4.68%.
The bounce in Tesla shares suggests renewed buying interest at these lower levels. While broader market volatility remains a concern, Tesla’s stock could see further gains if risk sentiment continues to improve.
Conclusion: Turning Point or Temporary Relief?
With the Federal Reserve signaling a less aggressive approach to monetary policy, tech stocks are seeing renewed interest. Google’s bounce from key support and Tesla’s strong rally suggest that investors are cautiously stepping back into riskier assets. However, both stocks remain below key resistance levels, and a sustained recovery will depend on broader market stability and company-specific catalysts. If market sentiment holds, these tech giants could see further upside in the coming weeks.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals