Dow Jones

Key insight

53,414 Sep-4 swing high now key resistance; break of 52,050 Aug swing low opens 51,200. Fed hike priced for next week — index must absorb rate shock before trend can recover.

52,550 holds after 4-day losing streak; Fed hike near-certain post CPI 3.4% — rate headwind keeps rally capped below 53,400 prior support-turned-resistance.

Main risk

FOMC Rate Hike — Sep 2026 Meeting

Near-certain Fed hike next week; 2-yr yield at multi-year high. Higher-for-longer path crushes Dow's rate-sensitive industrials and financials.