Market Fundamental Analysis by RoboForex

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Tech rally drives Wall Street higher: US 30 at the trendline

The US 30 index is hovering around 51,512.20 after US indices rose in the previous session. A pause in rising yields and strong performance in the technology sector are supporting the market; however, the index has approached a key descending resistance trendline. 

US 30 forecast: key takeaways

• The S&P 500 and Nasdaq reached new record highs in the previous session, while the Dow gained 0.49% amid strong demand for technology stocks
• A pause in the rise in Treasury yields eased pressure on the market, but investors are still awaiting the minutes of the latest Federal Reserve meeting
• US 30 forecast for 7 October 2026: 52,073.50

Fundamental analysis

US stock index futures are little changed on Wednesday after a strong previous session. On Tuesday, the S&P 500 rose 0.58%, the Nasdaq Composite gained 0.45%, with both indices closing at record highs. The Dow Jones added 0.49%.

The technology sector was once again the main driver of the rally. Among semiconductor companies, AMD rose 2.8%, Marvell Technology gained 5.8%, and Broadcom advanced 3.7%.

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Edited 14 minutes ago by RBFX Support