Nasdaq's AI Fast Track to Reshape Big Tech, S&P Prepares to Change Rules

The news headline suggests that AI-focused growth could serve as a positive catalyst for the Nasdaq and major technology companies. Technical indicators support this view: the RSI at 57.6 is in neutral territory but with upside potential, the MACD is above the signal line and positive, and the price is above both the 20-day and 50-day moving averages. The 1.89% rise in the last 24 hours also confirms short-term momentum. However, considering that the market is not overly exuberant and the rally may be limited, I expect an upward move with moderate confidence.

The S&P 500 closed at 7,474, up 1.3% in the past 24 hours, trading above its 20- and 50-day moving averages. The RSI stands at 58.6, in neutral territory with no overbought signal. The MACD line is above the signal line and in positive territory, indicating short-term upward momentum. News headlines suggest that AI-driven growth will reshape major tech companies and index rules, which could serve as a positive catalyst for the market. However, upside expectations are supported with moderate confidence due to risks of profit-taking at high levels and uncertainties.

AAPL rose 3.7% in 24 hours, demonstrating strong short-term momentum. Although the RSI is approaching overbought territory at 71, the MACD remains above the signal line and maintains an upward trend. The price is trading above the 20- and 50-day moving averages, supporting the bullish trend. The news headline implies that AI-driven growth could positively impact big tech companies. However, the overbought RSI increases the risk of a short-term correction, limiting the bullish outlook to cautious optimism.

MSFT’s technical indicators currently exhibit a modest downward bias: the MACD lies below its signal line and the price sits slightly below the 20‑period SMA. As a result, a clear short‑term directional move (1‑3 days) is unlikely. However, the prevailing positive sentiment across the sector could provide short‑term support. It would be prudent to maintain your position and monitor volatility.