NASDAQ Index, SP500, Dow Jones Forecasts – Record Tech Rally Fuels Nasdaq; S&P Stable, Dow Softens
The S&P 500 slipped just 0.05% to close at 6,584.29, holding near Thursday’s record finish. The index remains in a constructive technical posture, well above its 50-day SMA at 6,384.89. Key support levels at 6,360.58 and 6,343.86 have held firm through recent pullbacks.
Sector action was muted heading into the weekend. Consumer discretionary and tech names showed modest strength, while energy lagged. Apple slipped slightly, Microsoft rose, and Nvidia remained flat. Despite the month-over-month inflation beat in the CPI, markets stayed focused on labor weakness as a driver for Fed easing.
A decisive move above 6,600 could open the door to 6,700 in the near term, assuming continued macro support and dovish central bank tone.