US Market Outlook: Dow, S&P 500, Nasdaq need to hold key support levels
The Dow Jones Industrial Average witnessed a sharp intraday fall on Monday. The index fell to a low of 46,426.97 in the early trade and managed to recover most of the loss. The Dow was down 0.14 per cent for the day. The S&P 500 and NASDAQ Composite Index, on the other hand, sustained higher levels throughout the day and closed in green. The indices rose by 0.36 per cent and 0.71 per cent, respectively.
Dow Jones (46,694.97)
The intraday bounce on Monday seems to lack strength. Immediate resistance for the Dow today will be at 46,770. It must overcome this hurdle to ease the downside pressure. Only then it can see a rise to 47,000-47,150 during the day.
Failure to breach 46,770 can take the Dow down 46,500-46,400 today.
Supports: 46,500, 46,400
Resistances: 46,770, 47,000
S&P 500 (6,740.29)
The index seems to be struggling to rise past 6,750. That will keep the downside open to test 6,730-6,720 during the day. A bounce from the 6,730-6,720 support zone can take the index up to 6,750 again. A decisive break above 6,750 is necessarily needed to take the index up to 6,800.
In case the index declines below 6,720, that will be bearish. It will bring the uptrend under threat. In that case, there is a danger of seeing a fall to 6,680.
Supports: 6,720, 6,680
Resistances: 6,750, 6,800
NASDAQ Composite (22,941.67)
The index has support in the 22,915-22,865 region. A bounce from this support zone can take the index up to 23,000. An eventual break above 23,000 can boost the momentum and take it further up to 23,150 during the day.
On the other hand, a break below 22,865 can drag the NASDAQ Composite index down to 22,800 – an important intraday support. The index must sustain above this support level to maintain the uptrend. A break below 22,800 can take the index down to 22,700. Such a fall will also give an early sign of a trend reversal.
Supports: 22,865, 22,800
Resistances: 23,000, 23,150
Published on October 7, 2025