24/7 SUPPORT
Download App
Search
Popular Search
Published: 11 August 2026,09:17
Daily Market Analysis New
Key Takeaways:
*Wall Street remained in cautious consolidation near record highs as investors awaited US CPI and assessed renewed oil-driven inflation risks.
*Higher oil prices could lift inflation and yields, creating greater pressure on the Nasdaq and growth stocks.
*The AI investment cycle remains supportive, with Nvidia and major financial firms targeting over $500 billion for AI infrastructure.
Wall Street entered Tuesday in a cautious consolidation phase near record highs, after the S&P 500 and Dow reached fresh records last week. On Monday, the S&P 500 slipped around 0.06%, the Dow fell 0.11% and the Nasdaq declined 0.32%, as investors balanced the supportive impact of weaker employment data against renewed inflation concerns from the oil rally. The relatively small declines suggest that investors are taking profits and reducing risk ahead of CPI rather than aggressively abandoning equities.
The main near-term threat to equities is the sharp rebound in oil prices. Crude has risen roughly 9% over the past three sessions as uncertainty over the Strait of Hormuz reopening has returned. A prolonged disruption would increase energy costs and potentially push inflation higher, which could force the Fed to maintain or even increase interest rates despite signs of labor-market weakness. This creates the biggest risk for rate-sensitive growth stocks, meaning the Nasdaq is likely to remain more vulnerable than the Dow if Treasury yields continue rising.
At the same time, the technology sector continues to receive significant structural support from the ongoing AI investment cycle. Nvidia announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR aimed at mobilizing more than $500 billion in third-party capital for AI infrastructure and data centers. The initiative could provide another source of financing for hyperscalers and AI developers and reinforces expectations that AI-related capital expenditure will remain substantial. However, investors remain sensitive to whether the enormous spending required for AI infrastructure will generate sufficient returns, meaning the development is bullish for the long-term AI theme but could also increase scrutiny of valuations and capital intensity.
Meanwhile, the broader earnings backdrop remains supportive. Around 85% of S&P 500 companies that had reported second-quarter results had beaten earnings expectations, well above the long-term average, while JPMorgan raised its year-end S&P 500 target to 8,000. This provides an important buffer against macro risks and helps explain why equities remain close to record levels. The next major test, however, is inflation: soft CPI could give Wall Street permission to resume its rally by lowering rate expectations, while a hot CPI combined with elevated oil prices could push yields higher and trigger greater pressure on the Nasdaq and other growth-oriented sectors.
Technical Analysis
Dow Jones, H4:
Dow Jones remains in a strong short-term uptrend with price holding above the 53,860 Fibonacci level after the recent breakout. The latest move has pushed price to around 53,975, with the market now consolidating just below the 54,935 resistance after a sharp bullish advance.
Momentum indicators remain supportive of the bulls, although they suggest that the recent rally is beginning to cool. The RSI is around 62, remaining comfortably above the neutral 50 level but slightly below its moving average indicating that buying pressure is still present but has eased from the recent peak. Meanwhile, the MACD remains in a bullish configuration, with the MACD line at around 468.75 above the signal line near 426.18, while the histogram remains positive. This confirms that bullish momentum is still dominant despite the recent consolidation. Overall, the near-term outlook remains bullish.
Resistance Levels: 53,935.00, 56,300.00
Support Levels: 53,860.00, 53,110.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
