Dow Jones – investors consolidate after the index surpasses 50,000 for the first time
The Dow eased slightly from Monday’s new record high of 50,337 but remained firm, holding above the key 50,000 level breached last Friday after a 2.7% surge—the largest single-day gain since April 9, 2025.
The index outperformed its major Wall Street peers, with gains in Caterpillar, Goldman Sachs, and Nvidia shares driving the recent rally.
The break and weekly close above 50,000, which also marked the top of the recent range at 49,900, was a strong bullish signal. Confirmation of a sustained move higher could pave the way for targets at 50,434, 50,599, 50,764, and the 51,000 round number.
Technical indicators remain supportive, with strong bullish momentum, moving averages in a favorable alignment, and price action anchored above a rising and thickening daily cloud. The bullish engulfing pattern observed on Friday adds further confirmation.
Profit-taking following last Friday’s strong advance is expected to be limited, offering potential re-entry points for bulls as the overall market environment stays positive.
The former 49,900 range top and the broken 50,000 barrier have reverted to solid support levels, which are likely to hold on dips and maintain the bullish bias.
Res: 50337; 50434; 50600; 50764
Sup: 50000; 49900; 49750; 49400
