Date: June 21, 2025
Author: www.stackmarketrulers.com
Global equity markets showed mixed performance on Friday, with Wall Street exhibiting a choppy session as investors juggled inflation concerns, global geopolitical uncertainties, and sectoral rotations.
🔹 Key Index Movements
| Index | Last | Change (Pts) | Change (%) |
|---|---|---|---|
| Nasdaq 100 | 21,626.39 | -93.30 | -0.43% |
| S&P 500 | 5,967.84 | -13.03 | -0.22% |
| Dow Jones | 42,206.82 | +35.16 | +0.08% |
| Nasdaq | 19,447.41 | -98.86 | -0.51% |
| Bovespa | 137,116 | -1,601 | -1.15% |
Despite tech-heavy indices like the Nasdaq 100 and broader Nasdaq Composite slipping over 0.4%, the Dow Jones Industrial Average edged up 35 points, showing resilience powered by gains in cyclical and dividend-paying stocks.
🔍 Dow Jones Technical Analysis
The Dow Jones continues to trade within a tight Bollinger Band range on the 15-minute chart, with the RSI (14) hovering around 49.80, indicating neutral momentum. Key levels to watch:
- Support: 42,089 (recent low)
- Resistance: 42,321 (upper Bollinger Band)
- Price Action: The index tested lows but rebounded sharply, closing around 42,212.52—a sign of buyers stepping in at lower levels.
This rebound also correlates with a bullish crossover between the RSI and its signal line, hinting at a potential short-term upward bias.
🌍 Global Cues and Investor Sentiment
- Geopolitical Watch: Investors are cautiously tracking developments in the Middle East, as President Trump delays any immediate military decision in the Iran-Israel conflict.
- Macro Watch: Uncertainty around inflation and upcoming Fed commentary continues to cap bullish sentiment.
📌 What to Watch Next Week?
- US core PCE inflation data
- Fed policymakers’ speeches
- Tech earnings from major players like Micron and Oracle
📢 Stay ahead of the market – Read more insights and real-time analysis at Stack Market Rulers
