Advertisement
Advertisement

NASDAQ, Dow Jones & S&P 500 Forecast – US Indices Looking to Break Higher on Tuesday

By
Christopher Lewis
Published: Feb 3, 2026, 14:50 GMT+00:00

Key Points:

  • NASDAQ 100 holds its floor: The index is pushing higher above its 25,000 support; traders watch for dips amid earnings season as the 50‑day EMA offers added support.
  • Dow Jones 30 targets 50,000: Consolidation persists near the top of the recent range; 48,000 remains key support and a breakout above 50,000 could start the next leg higher.
  • S&P 500 flirts with 7,000: The index is just shy of a major round number; a move above 7,000 could see 7,200, while the 6,800 area and 50‑day EMA present buying zones during pullbacks.

The U.S. stock markets appear poised to extend Monday’s gains as earnings season heats up and traders look for fresh catalysts.

NASDAQ 100 rallies; 25,000 remains a major floor

The NASDAQ 100 gained modestly in early Tuesday trading and is doing everything it can to break to the upside. Monday’s session was very strong and suggests that the 25,000 level will continue to act as a significant floor. The 50‑day EMA is starting to behave like a trendline, reinforcing support. With earnings season underway, many traders are watching for a knee‑jerk pullback to take advantage of lower prices.

Source: TradingView

Dow 30 sits at the top of a consolidation range

The Dow Jones 30 is trading near the top of its recent consolidation pattern. Traders are looking for a short‑term pullback to buy, given the consistent uptrend. The 50‑day EMA provides an effective trendline, and the 48,000 level has been crucial support. A break to the upside could propel the index toward 50,000; any move beyond that level could kick off the next major leg higher. Historically the Dow tends to grind higher rather than explode, so patience is warranted.

Source: TradingView

S&P 500 eyes a break above 7,000

The S&P 500 is sitting just below the critical 7,000 level. A sustained break could open the door to 7,200, though it may take some time to get there. Short‑term pullbacks remain buying opportunities, with the 50‑day EMA and the 6,800 level providing nearby support. There is little interest in shorting the index; rather, traders are looking to capitalize on volatility related to corporate earnings.

Source: TradingView

Key takeaways

  • NASDAQ 100 holds its floor: The index is pushing higher above its 25,000 support; traders watch for dips amid earnings season as the 50‑day EMA offers added support.
  • Dow Jones 30 targets 50,000: Consolidation persists near the top of the recent range; 48,000 remains key support and a breakout above 50,000 could start the next leg higher.
  • S&P 500 flirts with 7,000: The index is just shy of a major round number; a move above 7,000 could see 7,200, while the 6,800 area and 50‑day EMA present buying zones during pullbacks.

SEO‑friendly excerpts

  1. US indices rally: NASDAQ 100 presses above 25,000, Dow Jones eyes 50,000 and S&P 500 flirts with 7,000 as earnings season drives momentum.
  2. Wall Street update: NASDAQ 100 holds its 25K floor, Dow 30 sits near 48K–50K and the S&P 500 targets 7,200 with support around 6,800.
  3. Earnings momentum lifts US indices: traders watch 25K on the NASDAQ 100, 50K on the Dow Jones and a potential 7K breakout on the S&P 500.

 

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

Advertisement