Dow Jones Forecast: Dwelling Depot Drives Blue Chip Dow Increased Whereas Nasdaq Tech Shares Slip…

Palo Alto Networks gained four.eight% following a powerful long-term income forecast, however these advances had been outweighed by broader tech weak spot after an almost 15% rally earlier this yr.

Which S&P 500 Sectors Moved the Market?

Eight of the 11 S&P 500 sectors superior, led by actual property with a 1.2% achieve on stronger housing information. Expertise lagged essentially the most, dragging on each the S&P 500 and the Nasdaq. The S&P 500 slipped zero.18% to six,437.68, underscoring the market’s break up between consumer-related positive factors and strain in tech.

How Are Price Lower Expectations Evolving?

Merchants additionally tracked remarks from Fed Vice Chair for Supervision Michelle Bowman, who has expressed assist for a minimum of three price cuts this yr. Futures markets, nevertheless, worth in two 25-basis-point cuts, with the primary anticipated in September.

Buyers are ready for Powell’s speech at Jackson Gap later this week for alerts on inflation and coverage path, notably as tariffs and shopper demand stay strain factors.

What Lies Forward for Merchants?

Market energy within the Dow exhibits resilience in consumer-facing names, however Nasdaq weak spot highlights profit-taking in tech after sturdy year-to-date positive factors. The main focus now shifts to Jackson Gap for financial coverage cues and to Walmart and Goal earnings for affirmation on shopper spending tendencies. These drivers will set the tone for whether or not the Nasdaq can regain momentum or if defensive sectors proceed to guide.