{"id":25196,"date":"2025-06-26T01:31:02","date_gmt":"2025-06-26T01:31:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=25196"},"modified":"2025-06-26T01:31:02","modified_gmt":"2025-06-26T01:31:02","slug":"sp500-holds-firm-to-powells-steady-tone","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/sp500-holds-firm-to-powells-steady-tone\/","title":{"rendered":"SP500 Holds Firm to Powell&#8217;s Steady Tone"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx-57-1024x559.png\" alt=\"\" class=\"wp-image-20582\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 closed flat at 6101.90; intraday high at 6103.90.<\/li>\n\n\n\n<li>Powell stuck to cautious messaging, while Iran-Israel ceasefire eased risk sentiment.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The S&amp;P 500 hovered near its all-time high on Thursday, with futures pointing to another calm session after Federal Reserve Chair Jerome Powell wrapped up his congressional testimony. The index closed marginally lower at 6101.90 on Wednesday after reaching a high of 6103.90. The Nasdaq Composite added 0.31%, while the Dow Jones shed 0.25%.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The S&amp;P 500 sat less than 1% off its record high buoyed by hopes of lasting peace between Israel and Iran. Find out what\u2019s moving markets before Wall Street opens on Reuters Market Rundown <a href=\"https:\/\/t.co\/MjMPEMhExU\">https:\/\/t.co\/MjMPEMhExU<\/a> <a href=\"https:\/\/t.co\/HvRbtnBPFP\">pic.twitter.com\/HvRbtnBPFP<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1937833148567740555?ref_src=twsrc%5Etfw\">June 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Markets took confidence from easing war tensions. The <a href=\"https:\/\/t.co\/xGUVeVl08r\" target=\"_blank\" rel=\"noopener\" title=\"\">ceasefire between Iran and Israel<\/a> has thus far held, and U.S. officials plan to meet with Tehran in the coming week. This truce helped cap oil prices and bolstered appetite for equities, particularly in tech and consumer sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Over the past couple of days, the S&amp;P\u202f500 has rebounded from a dip near 5,920, retracing to the 6,010\u20136,012 resistance zone. The 5-, 10-, and 30-period MAs remain tightly bunched, suggesting consolidation after a sharp move.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-30.jpg\" alt=\"\" class=\"wp-image-25197\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Muted momentum as SP500 flirts with intraday ceiling, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The MACD shows a bullish crossover and climbing histogram\u2014bullish\u2014but it\u2019s still inside neutral territory. This suggests potential for further upside, but the momentum may be waning into resistance. Keep an eye on whether price can decisively close above this 6,012\u20136,015 zone. A breakout there could target 6,030\u20136,040; failure to hold near 5,995\u20136,000 might push it back toward 5,980 or lower.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Powell Balances Tariff Risks and Rate Cut Pressure<\/h2>\n\n\n\n<p>Chair Powell maintained a measured tone during his second day of testimony. He acknowledged that the Fed is watching tariff-linked inflation but signalled that policymakers are in no rush to ease rates. This stance came despite increasing political pressure from President Trump and lawmakers to act sooner.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&quot;Anyone who&#39;s been exposed to what AI is capable of has to be pretty stunned by what it&#39;s capable of,&quot; Fed Chair Powell says. &quot;I think it has enormous capabilities to make really significant changes in the economy, in the labor force.&quot; <a href=\"https:\/\/t.co\/rq4BtS4e4D\">pic.twitter.com\/rq4BtS4e4D<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1937906911866658842?ref_src=twsrc%5Etfw\">June 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Market participants appear to have priced in this steady-hand approach, with expectations for the first rate cut remaining centred on September. Futures currently imply around 60 basis points of easing by year-end.<\/p>\n\n\n\n<p>With Powell offering no surprises, upcoming data\u2014particularly jobless claims\u2014may set the tone for the next move. A stronger labour print could weigh on rate cut bets and stall the rally, while <a href=\"https:\/\/t.co\/YghdDKPNAV\" target=\"_blank\" rel=\"noopener\" title=\"\">weaker-than-expected data<\/a> could push yields lower and extend equity gains modestly.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures remain near record highs following Fed Chair Powell\u2019s testimony and a tentative Middle East ceasefire. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":20582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11,69],"class_list":["post-25196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-sp500"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=25196"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/20582"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=25196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=25196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=25196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}