Since Fed Chair Powell’s dovish pivot at Jackson Hole on 22 Aug, the Dow Jones has lagged peers, slipping 0.3% while the S&P 500 and Nasdaq 100 hit fresh record highs and the Russell 2000 gained 0.7%. Markets now fully price a 25 bps Fed rate cut on 17 Sep, with high odds of two more cuts by year-end. The Dow’s technical setup shows bullish consolidation, with key support at 45,290/45,175 and resistance at 45,780 (upside trigger level) for 46,060/46,180 and 46,365/46,400.
11-09-2025 12:03 GMT
by Kelvin Wong