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  History of U.S. Government Shutdowns Power Struggle As the September 30 funding deadline approaches, history may be about to repeat itself. The United States...

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The US Tech index is correcting after reaching a new all-time high. The US Tech forecast for next week remains positive.

US Tech forecast: key trading points

• Recent data: US initial jobless claims for last week totalled 218 thousand
• Market impact: for the technology sector, this result is mostly positive

US Tech fundamental analysis

The latest US initial jobless claims fell to 218 thousand, coming in above expectations of 233 thousand and well below the previous reading of 232 thousand. This dynamic signals resilience in the labour market, indicating that the economy continues to create jobs despite slowing global activity. For investors, it serves as a sign that the fundamentals of corporate earnings remain strong, as household demand is supported by stable employment.

At the same time, a strong labour market may curb expectations of a rapid easing of monetary policy by the Federal Reserve, as wage-driven inflationary pressure could persist. For the technology sector, represented in the US Tech index, the effect is mixed. On the one hand, a stable labour market supports consumer demand for digital services, devices, and IT solutions, which is positive for companies in the sector.

US Tech technical analysis

On the other hand, stronger employment data reduces the likelihood of an imminent rate cut, and low rates play a key role in sustaining high valuations of growth stocks. While this may limit short-term price gains, it is unlikely to significantly affect long-term trends.

The US Tech index broke above the previous resistance level at 24,425.0, with a new support line at 24,020.0 and a new resistance level at 24,805.0. The uptrend will likely be medium-term, with the nearest upside target at 25,380.0.

The following scenarios are considered for the US Tech price forecast:

• Pessimistic US Tech scenario: a breakout below the 24,020.0 support level could send the index to 22,985.0
• Optimistic US Tech scenario: a breakout above the 24,805.0 resistance level could drive the index up to 25,380.0

Summary

The overall reaction for the US Tech index will likely be moderately subdued: positive signals of economic resilience will be offset by persistent expectations of a cautious Federal Reserve stance on easing policy. Thus, the data creates a neutral-to-positive background where long-term prospects remain favourable, while short-term dynamics are limited. The next upside target may be the 25,380.0 level.

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After hitting a new all-time high, the US 30 trend remains fragile. The US 30 forecast for today is positive.

US 30 forecast: key trading points

• Recent data: US manufacturing PMI (preliminary) came in at 52.0 in September
• Market impact: the decline in the PMI relative to the forecast and the previous reading indicates a slowdown in industrial momentum

US 30 fundamental analysis

The US manufacturing PMI for September 2025 stood at 52.0, below the forecast of 52.2 and the previous figure of 53.0. A PMI reading above 50.0 indicates continued expansion in manufacturing activity, signalling ongoing growth in the industrial sector. However, the decline compared to expectations and the previous month suggests a slower pace of growth, raising concerns about the resilience of the recovery.

For the US 30, the implications are mixed. A PMI reading above 50.0 confirms continued economic growth and supports confidence in corporate earnings in industrials, which is positive for investors. At the same time, the weaker-than-expected print limits upside potential, signalling that momentum in the industrial economy is slowing. Overall, the release creates a neutral backdrop: expansion continues, but investor caution is rising.

US 30 technical analysis

The US 30 index continues to trade in the uptrend, reaching a new all-time high. The resistance level is located at 46,500.0, with support at 45,685.0. However, persistent high volatility indicates instability in the current trend, with the upside potential remaining limited in the near term.

The US 30 price forecast considers the following scenarios:

• Pessimistic US 30 scenario: a breakout below the 45,685.0 support level could send the index down to 44,925.0
• Optimistic US 30 scenario: a breakout above the 46,50 resistance level could drive the index up to 47,250

Summary

The impact on the US 30 is likely to remain restrained and mixed: the economy continues to expand, supporting the index, but the slowdown in business activity compared to recent months limits growth potential. From a technical perspective, further upside looks constrained. The nearest upside target may be 46,595.0, but after reaching this level, a correction could develop into a full-fledged downtrend.

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Ahead of the Bank of Japan's (BoJ) eagerly-awaited Minutes, due to be published on Wednesday at 23:50 GMT, the Japanese Yen (JPY) is holding steady against the US Dollar (USD), with USD/JPY hovering around 147.70, showing no intraday trend.

Executive Summary: Pool Corporation (NASDAQ: POOL) has established itself as the undisputed global leader in the distribution of swimming pool equipment, parts, and supplies. Coming off a period of exceptional growth, partly fuelled by pandemic-driven demand, POOL is strategically positioned to not only sustain but exceed its previous growth trajectory. The company’s consistent delivery of…

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Index Trading Where Is the Top in U.S. Stocks? Key Levels to Watch in the Nasdaq and S&P 500 Index Trading The U.S. stock market...

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EUR/USD edges lower on Friday, late in the North American session, as the Greenback recovers after bouncing off three-year lows reached in the aftermath of the Federal Reserve’s (Fed) interest rate cut.

The US Federal Reserve lowered the funds rate by a quarter point to 4.0%-4.25% at Wednesday’s policy meeting. The funds rate is now at its lowest level since November 2022.

Daily Pivots: (S1) 1.3721; (P) 1.3752; (R1) 1.3770; More… Outlook in USD/CAD is unchanged and intraday bias stays neutral. On the downside, firm break of 1.3725 support will complete a head and shoulder top (ls: 1.3878, h: 1.3923, rs: 1.3889). That would indicate that corrective rebound from 1.3538 has already completed, and turn near term […]

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The Daily Breakdown takes a closer look at Lululemon, which has falling sales but a historically low valuation. What’s next for LULU? Before we dive in, let’s make sure you’re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro…

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