Dow Jones Prediction: DJIA Holds Uptrend as PLTR, Amazon, Alphabet, and NFP Take Center Stage

The Dow Jones enters the new week supported near record levels as investors brace for Palantir, Amazon, and Alphabet earnings alongside...

Alphabet and Amazon will be under scrutiny this week

Quick overview

  • The Dow Jones remains near record levels as investors prepare for earnings reports from major companies like Palantir, Amazon, and Alphabet.
  • Last week saw extreme volatility in commodities, with gold and silver experiencing dramatic price swings.
  • Despite turbulence in the commodities market, US equity indices showed resilience, indicating selective investor engagement rather than widespread risk aversion.
  • Upcoming earnings and the US non-farm payrolls report will be crucial in shaping market expectations and valuations.

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The Dow Jones enters the new week supported near record levels as investors brace for Palantir, Amazon, and Alphabet earnings alongside a pivotal US non-farm payrolls report.

A Week of Extremes Across Asset Classes

Last week delivered extraordinary volatility, particularly in commodities. Precious metals stole the spotlight as gold surged above $5,000 for the first time and briefly touched $5,998 by Thursday morning, only to collapse below $4,700 by Friday. Silver’s move was even more dramatic, plunging nearly 40% in a single session after trading above $120—its worst percentage drop on record.

Despite the chaos in metals and cryptocurrencies, equity markets remained comparatively composed. US stock indices avoided panic selling, with price action suggesting rotation and caution rather than outright risk aversion.

Dow Jones Shows Underlying Strength

The Dow Jones Industrial Average stood out for its resilience. While intraday volatility increased, the index remained well supported both technically and fundamentally. Blue-chip stability and defensive inflows helped keep the Dow on track toward the psychologically important 50,000 level.

This calm performance contrasted sharply with the turbulence seen in commodities, reinforcing the idea that equity investors are still selectively engaged rather than broadly de-risking.

Closing Levels – Major US Stock Indices

Dow Jones Industrial Average

  • Close: 48,892.47
  • Daily Move: −245.18 points
  • Percentage Change: −0.50%

Key Takeaway:

  • Heavyweight industrial and defensive names weighed on the index
  • Profit-taking emerged after recent record highs
  • The Dow underperformed relative to broader benchmarks

S&P 500

  • Close: 6,939.03
  • Weekly Change: +15.80 points
  • Percentage Change: +0.23%

Key Takeaway:

  • Broader market remained resilient despite sector rotation
  • Gains in select growth and AI-linked stocks offset weakness elsewhere
  • Index continues to consolidate near all-time highs

Nasdaq Composite

  • Close: 23,461.82
  • Daily Move: −67.46 points
  • Percentage Change: −0.29%

Key Takeaway:

  • Modest pullback in mega-cap technology stocks
  • Ongoing volatility around earnings expectations and valuations
  • Still holding well above key technical support levels

Broader Market Tone: Selective, Not Fearful

Market behavior reflected caution without capitulation. The S&P 500 managed to finish the week higher, signaling persistent underlying demand. Meanwhile, the Nasdaq edged lower, suggesting targeted profit-taking in growth and mega-cap names rather than a wholesale exit from risk assets.

The sharp drop in Microsoft shares during the week sent a reminder that even perceived “safe” large-cap leaders are vulnerable, contributing to the pick-up in volatility.

Macro and Political Undercurrents Add Complexity

Some observers attributed recent market moves to the nomination of Kevin Warsh, though that narrative remains debatable. The prevailing interpretation is that markets are uneasy about the possibility of a more hawkish tilt, despite public messaging suggesting otherwise.

Adding to the tension, US inflation data came in hot, oil prices climbed above $66, and geopolitical risks resurfaced amid talk of potential US action involving Iran. President Trump’s comments about renewed negotiations briefly cooled oil prices, highlighting how reactive markets remain to headlines.

The Week Ahead: Earnings and Jobs in Focus

Attention now turns to a heavy earnings slate, beginning with Disney and Palantir, followed by Alphabet and Amazon. The week culminates with the US non-farm payrolls report, a key test for both rate expectations and equity valuations.

After an intense and dramatic week, markets appear steady—but the coming days may determine whether that calm can hold.

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ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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