U.S. equity markets showed cautious optimism in the week leading to August 29, 2025, with the S&P 500 (SPX) hovering around key support and resistance levels. The SPX was noted to be defending the 6450 level, with analysts targeting a move to all-time highs (ATH) near 6500 if this support holds. The 6469 level emerged as a critical pivot, with a break above it expected to accelerate gains toward 6500. Market participants anticipated increased volatility following Nvidia's (NVDA) earnings report scheduled after market hours on August 27, which was expected to influence broader market direction. Tesla (TSLA) showed signs of strength, with call options above the 350 to 360 strike prices gaining attention as the stock traded above the 338 to 352 range. Other notable stocks with significant premarket and intraday movements included MongoDB (MDB), which rose by 32%, as well as Netflix (NFLX), Intel (INTC), Rocket Lab (RKLB), Apple (AAPL), Palantir (PLTR), and Okta (OKTA). Cryptocurrencies also showed improvement, with Ethereum (ETH) trading above 4800 and Bitcoin (BTC) approaching the 112,000 to 115,000 range, suggesting potential for further upward momentum. The market's cautious stance was reflected in trading strategies emphasizing support and resistance levels, with key points for the SPX at 6429, 6443, 6452, 6461, 6466, and 6474. Overall, the market awaited Nvidia's earnings as a catalyst for the next directional move, while monitoring key technical levels across major stocks and indices.
Stocks making the biggest moves midday: Paramount Skydance, Krispy Kreme, Kohl's, Nvidia & more https://t.co/UnZEJ0qVEz
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