First Trust Dow Jones Internet Index Fund Price & Performance (FDN)

The S&P 500 dropped 1.59% to 5,861.57, while the Nasdaq Composite fell 2.78%, driven by Nvidia's 8.5% loss. President Trump's tariff announcement targeting Canada and Mexico compounded fears of economic slowdown, as jobless claims rose to 242,000. Investors now await inflation data due Friday.1

The First Trust Dow Jones Internet Index Fund (FDN) hit an RSI of 25.1, signaling potential buying opportunities after recent declines. The ETF, which trades at $224.78, has seen its 52-week range fluctuate between $177.20 and $267.81. Analysts suggest the selling pressure may be nearing exhaustion.2

U.S. stock futures rose slightly after a week of volatility driven by tariff concerns. The S&P 500 is down 3.6% for the week, while the Nasdaq has entered correction territory. Investors now await February's job report, expected to add 170,000 jobs with unemployment steady at 4%.3