S&P 500 All-Time High: PCE Data Disregarded
- The S&P 500 is nearing record territory, mirroring the Nasdaq's recent surge to all-time highs.this comes even as recent inflation data disappointed, with a reported 2.7% increase versus...
- Despite the inflation hiccup, the markets remain optimistic, buoyed by positive news regarding U.S.
- A technical analysis of the S&P 500 reveals a volatile first half of 2025.
The S&P 500 surges to new highs, defying disappointing inflation figures, as the Nasdaq also reaches record territory.While inflation data showed a 2.7% increase, the market remains optimistic, spurred by positive U.S. trade deal news and diminishing geopolitical concerns. The article reveals a volatile first half of 2025 for the primarykeyword, with analysts closely monitoring support and resistance levels. The 50-day moving average signals a bullish trend. Market reaction at open will decide the next move of the secondarykeyword, offering potentially meaningful price movements. For up-to-the-minute market analysis, stay tuned to News Directory 3. Discover what’s next for the S&P 500.
S&P 500 Hits New Highs Despite Inflation Data
Updated June 27, 2025
The S&P 500 is nearing record territory, mirroring the Nasdaq’s recent surge to all-time highs.this comes even as recent inflation data disappointed, with a reported 2.7% increase versus the expected 2.6%. Month-over-month figures also missed expectations,showing a 0.2% rise compared to the anticipated 0.15%.
Despite the inflation hiccup, the markets remain optimistic, buoyed by positive news regarding U.S. trade deals. While the White House downplayed the significance of a July 9 meeting, President Trump has alluded to a potential deal with China, though specifics remain scarce. The S&P 500’s performance is a key indicator of market sentiment and economic health.
A technical analysis of the S&P 500 reveals a volatile first half of 2025. Market reactions to developments related to Trump have become increasingly muted,notably as concerns over the Israel-Iran conflict subside. The 50-day moving average is nearing a “golden Cross” above the 200-day moving average,a bullish signal. However, analysts say stronger economic data will be needed to sustain further gains.
The S&P 500 is currently hovering roughly 10 points above its january all-time high. The release of recent inflation data has not triggered significant market volatility. The market’s appetite for further price finding will be tested at the opening bell.
The buying momentum following the de-escalation and ceasefire in the Middle East has been notable. A three-month recovery has propelled the index from 4,800 to current levels around 6,160. S&P 500 bulls are closely monitoring the 20-period moving average on the one-hour chart to maintain momentum. The Relative Strength Index (RSI) is currently retracting, making the market’s reaction at the opening bell crucial.
Analysts are watching for intermediate resistance at 6,170 and potential resistance at 6,200. Support levels to watch for potential dips include 6,150 (near the January all-time high), 6,100 (resistance turned pivot), and the 200-period moving average on the one-hour chart at 6,040.
Resistance levels:
- Intermediate Resistance at 6,170
- Current highs 6,177
- Potential resistance 6,200
Support levels:
- Support around the 6,150 level (close to Jan ATH)
- Further support at the Resistance turned Pivot 6,100
- 1H MA 200 at 6,040
What’s next
Traders will be closely watching the market’s reaction to the opening bell to gauge whether the S&P 500 can sustain its upward momentum and break through resistance levels, or if a dip is imminent.