Market Highlights
- Fresh Start After Futures Close-outs: Recent expiries cleared positioning and could set the stage for renewed momentum.
- Surprise H-1B Visa Fee Increase: Unexpected hikes caught corporates and tech sectors off-guard.
- Tariff Uncertainty Lingers: Mixed trade-policy signals keep supply chains and sentiment on edge.
- Seasonal Tailwind Approaches: Historically, markets turn buoyant by mid-October, with equities trending upward into year-end.
- Fed’s Measured Stance: The Fed framed the latest cut as a risk-management move and hinted at two more reductions possible this year.
Macro Economic Calendar
- Sep 23 – 17:35: Fed Chair Powell Speech
- Sep 25 – 13:30: US GDP; Wholesale Inventories; Retail Inventories; Durable Goods Orders; Initial Jobless Claims
- Sep 26 – 13:30: Core PCE Price Index
Earnings Calendar
- Tuesday – After Close: MillerKnoll (MLKN); Micron Tech (MU); Worthington Industries (WOR); AAR Corp (AIR)
- Wednesday – Before Open: Uranium Energy Corp (UEC)
- Wednesday – After Close: H.B. Fuller (FUL)
Index Summaries
Dow Jones
- Weekly High: 46,392.60
- Weekly Low: 45,663.50
- Close: 46,276.30
- Key Resistance Levels: 44,982 | 44,362 | 44,012.90
- Trend: Trade cautiously near all-time highs — uptrend remains intact.
US500 (S&P 500)
- Weekly High: 6,671.40
- Weekly Low: 6,550.50
- Close: 6,659.00
- Support Levels: 6,582 | 6,522
- Trend: Trading at all-time highs — exercise caution; uptrend still intact.
US100 (Nasdaq 100)
- Weekly High: 24,648.70
- Weekly Low: 23,998.57
- Close: 24,619.60
- Support Levels: 24,198 | 23,900
- Trend: AI and quantum push driving volatility — trade with caution.
DAX 40
- Weekly High: 23,855.35
- Weekly Low: 23,284.67
- Close: 23,639.41
- Support Levels: 23,400 | 23,058
- Upper Resistance: 23,833 | 24,060
- Trend: With French politics in focus, the Eurozone is impacted — trade cautiously.
Weekly Watch
- Intuitive Surgical (ISRG)
- Trimble (TRMB)
- Oklo (OKLO)
- Energy Transfer (ET)
- Brookfield Infrastructure Corp (BIPC)
- NuScale Power Corp (SMR)
- Opendoor Technologies (OPEN)
- SoFi Technologies (SOFI)
⚠️ Disclaimer: These are opinions based on publicly available data. Not financial advice — do your own due diligence before investing.