The major U.S. stock indices closed the session with mixed results. The NASDAQ edged slightly higher, finishing nearly unchanged with a gain of 0.01%, while the S&P 500 declined 0.21% and the Dow Jones Industrial Average slipped 0.07%. The small-cap Russell 2000 also moved lower, falling 0.22%, reflecting a somewhat cautious tone in the broader market.
From a technical perspective, the NASDAQ closed just below its 100-day moving average, which currently comes in at 22,702.42. The index finished the day at 22,697.10, keeping that moving average as a key near-term level for traders.
Earlier in the session, the NASDAQ pushed higher and tested its falling 200-hour moving average, but sellers leaned against that level and prevented a sustained break to the upside. The rejection reinforces the 200-hour moving average as an important resistance and risk-defining level, with the inability to move above it helping to cap gains for the day.
Looking at the S&P 500 index, the market also encountered resistance at an important moving average level. On the hourly chart, the rally stalled against the falling 100-hour moving average (the blue line on the chart), with sellers leaning against that level and preventing further upside momentum.
As long as the price remains below the 100-hour moving average, sellers maintain the near-term technical advantage.
The decline from that resistance has brought the index down to test a key swing support zone between 6758.51 and 6789.05. This area has previously acted as an important pivot and is now being tested again. Holding above this zone would help stabilize the market, while a break below it would likely shift the bias more firmly to the downside and open the door for further selling pressure.
This article was written by Greg Michalowski at investinglive.com.
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10-03-2026, 20:22
US stocks mixed. NASDAQ closes marginally higher. The S&P marginally lower.
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