Dow Jones

Key insight

51,014 holds above the 51,000 psychological pivot; a clean weekly close here keeps the bull case alive toward 52,500 measured from the Q2 base, but failure flips 50,200 as first defence.

51,000 round-number reclaimed and held — Dow trades above its 50-day MA (~49,800) and 200-day MA (~47,200), confirming the primary uptrend with near-term momentum intact.

Main risk

US 10-Year Treasury Yield Spike

Yields above 4.8% compress Dow valuations hardest via rate-sensitive financials and industrials — watch Friday NFP for the next catalyst.