MarketPulse Summary: Nasdaq and Tech Lead a Market Rebound

Author: Elior Manier

Date: 25 February 2026

Overview

The US stock benchmarks are experiencing a rebound after a prolonged period of consolidation, primarily driven by the technology sector. This resurgence comes as a welcome change for traders, especially after the tech sector had been underperforming since October 2025.

Key Drivers of the Rebound

• The recent tariff developments, particularly the reduction of duties from +30% to 15%, are positively impacting heavy importers from Asia.
• Anticipation surrounding Nvidia's upcoming earnings report is boosting overall market sentiment.
• The improved risk sentiment is also benefiting cryptocurrencies, which have faced challenges in recent months.

Market Outlook

While the overall market remains rangebound, the current positive session is seen as a potential foundation for future gains. A significant upcoming event is the new round of US-Iran talks scheduled in Geneva, which could further influence market dynamics.

Technical Analysis

Dow Jones

The Dow Jones Industrial Average (DJIA) is attempting a rebound, forming a bullish hammer on the 4-hour chart. Key resistance levels to watch include:

• 49,500 to 49,700 (January ATH Resistance)
• 49,900 to 50,000 (Range Highs)

Support levels are identified at:

• 49,000 to 49,200 (Major Pivot)
• 48,640 to 48,750 (Past week Support)

Nasdaq

The Nasdaq is breaking out from its previous consolidation and is testing its 200-period moving average at 49,300. Key resistance levels include:

• 25,300 (4H 200-MA)
• 26,100 to 26,300 (All-time high resistance zone)

Support levels are noted at:

• 24,500 to 25,600 (Key Support)
• 24,150 to 24,200 (February Support)

S&P 500

The S&P 500 is also moving towards its previous all-time high resistance. Important levels to monitor include:

• 6,945 to 6,975 (Previous ATH Resistance)
• 7,000 to 7,020 (All-time High Resistance)

Support levels are established at:

• 6,880 to 6,900 (Key Pivot Zone)
• 6,730 (February lows)

Conclusion

Traders are advised to keep a close eye on the developments surrounding the US-Iran talks and the upcoming earnings report from Nvidia, as these factors could significantly influence market trends moving forward.

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