Dow Makes New Record Highs

It’s a sluggish week of financial occasions, however The Every day Breakdown digs into the remainder of the important thing occasions occurring this week with a concentrate on the Fed.

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What’s Taking place?

Final week ended with the Dow making all-time highs however a majority of US shares closing decrease, whereas weekend buying and selling noticed Bitcoin and different cryptocurrencies pull again. That leaves us with an fascinating begin to the week. 

All eyes are on Ukraine proper now, as President Zelenskyy and a number of other European leaders head to Washington to listen to what President Trump and President Putin mentioned over the weekend. In every week that lacks main financial studies, this example is garnering much more consideration. 

Powell will probably be in focus later this week, although. That’s with the Fed’s annual Jackson Gap summit happening this week and Chair Powell scheduled to talk on Friday morning. Buyers are hoping for a glimpse on the Fed’s view on rates of interest, with the market pricing in a charge lower on the Fed’s assembly subsequent month. 

Earnings will shed mild on the buyer this week. That’s with companies like Dwelling Depot, Lowe’s, Goal, TJX Corp, and Walmart reporting earnings. These outcomes will inform us whether or not Friday’s retail gross sales report really displays a robust shopper. 

Different notable earnings this week embody Palo Alto Networks, Xpeng, Workday, and Zoom Communications. 

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The Setup — AT&T

Shares of AT&T have finished properly this 12 months, up 26.8% to date in 2025. Regardless of the rally, AT&T inventory nonetheless pays a dividend yield of just about 4%. The inventory has been revitalized however is now buying and selling close to $29 — an space that has been resistance for the previous few months. 

Bulls wish to see AT&T escape over this $29 space and make a run towards $30 and past. On the draw back although, they wish to see help proceed to come back within the type of greater lows (inexperienced line on the chart above), which is one thing we’ve seen over the previous few quarters with AT&T in an extended uptrend. 

Choices

As of August fifteenth, the choices with the very best open curiosity for T inventory — which means the contracts with the most important open positions within the choices market — had been the January $20 places and the January $30 calls. 

Buyers who imagine shares will transfer greater over time could contemplate collaborating with calls or name spreads. If speculating on a long-term rise, traders may think about using ample time till expiration. 

For traders who would somewhat speculate on the inventory decline or want to hedge an extended place, they might use places or put spreads. 

To be taught extra about choices, contemplate visiting the eToro Academy.

What Wall Avenue’s Watching

UNH

Shares of UnitedHealth have plunged this 12 months, however have been on fireplace over the previous few days. The inventory climbed 12% on Friday and over 20% final week. An enormous bounce caught fireplace on Friday as soon as it was revealed that Warren Buffett’s Berkshire Hathaway — together with different funds — took a stake within the firm final quarter. Dig into the basics for UNH. 

DIA.US

The DIA ETF, which tracks the Dow, lastly made a brand new 52-week excessive. It has (lastly) joined the S&P 500 and Nasdaq 100 on the brand new highs checklist, as traders search for extra management throughout the market. Whereas huge tech has pushed the Dow greater recently, UnitedHealth’s rally on Friday helped propel the index to new heights. 

ETH

Ethereum got here inside 2% of its report excessive final week, however fizzled out simply in need of the highs it reached in 2021. Now pulling again, bulls are searching for help to come back into play. Ideally, ETH will be capable of keep above the $3,900 to $4,000 breakout space. Take a look at the charts and go over our newest technical setup for ETH.

Disclaimer:

Please observe that on account of market volatility, a few of the costs could have already been reached and situations performed out.