Stock Market Outlook For Fri Aug 29 2025 – Dips Likely But Higher Close

Prior Trading Day Summary

On Thursday investors got a chance to react to NVIDIA’s earnings from Wednesday after the close. The stock sank to 176.41 but buyers reversed the stock’s direction and pushed it to close at $180.17, down just $1.43 on the day. The SPX followed suit with the day starting lower but the close at another new all-time high.

The S&P closed up 20 points to 6501 marking the 19th new closing high this year for the index. Trading volume was low at 4.3 billion but considering it is the final week of August, this is not unusual. There were only 9 new 52 week lows on the S&P, a testament to the height of the market over the past several months.

The NASDAQ closed up 115 points to 21,705. The 52 week high is 21803. The NASDAQ is just a hundred points from a new all-time high. Volume was 8 billion shares, just slightly below average for the month. 52% of all stocks were rising by the close of the NASDAQ.

Lets review the closing technical indicators from Thu Aug 28 2025 to see what they advise to expect for Fri Aug 29 2025.

Stock Market Outlook: SPX Closing Chart For Thu Aug 28 2025

The index closed above the 21 day moving average and below the Upper Bollinger Band. This is bearish but the index is climbing.

The closing candlestick is bullish for Friday but with long shadows which indicates dips are likely.

The 21 day moving average is rising and closed at 6403 which is bullish.

The 50 day moving average is rising and closed at 6308 which is bullish.

The 100 day moving average is rising and closed at 6134 which is bullish.

The 200 day moving average is rising and closed at 5947 which is bullish.

The Lower Bollinger Band is falling further below the 50 day moving average. This is negative for stocks at present.

The Upper Bollinger Band is rising which is bullish.

The SPX chart is more bullish than bearish for Friday.

SPX Stock Market Outlook review of Thu Aug 28 2025

Stock Market Outlook: Technical Indicators Review

Stock Market Outlook for Fri Aug 29 2025 

For Friday the technical indicators are overwhelmingly bullish as the index moves further into overbought readings. With strong up signals in place, Friday should see some dips but end higher. Next week could see some testing of 6450 or 6470 to determine if the SPX can continue to move higher next week or needs time to rest.

On Friday investors get a slew of economic numbers to mull over including Personal Consumption Expenditures (PCE).

Some dips are likely on Friday ahead of the long weekend but a higher close is expected. Even if economic numbers are slightly worse than estimated, momentum is still to the upside.

Potential Economic and Political Market Moving Events

Tuesday:

8:30 Durable goods orders rose more than estimated to -2.8% from 9.4% prior

9:00 S&P Case-Shiller home price index for June dipped more than expected to 2.1%

10:00 Consumer confidence rose to 97.4, higher than estimated

Wednesday:

No reports are being released

Thursday:

8:30 Weekly Initial Unemployment Insurance Claims were lower than estimated at 229,000

8:30 GDP 1st revision was higher than estimated at 3.3%

10:00 Pending home sales were lower than estimated at -0.4%

Friday:

8:30 Personal income is estimated to rise to 0.4% from 0.3% prior

8:30 Personal spending is estimated to rise to 0.5% from 0.3% prior

8:30 PCE Index is estimated to fall to 0.2% from 0.3% prior

8:30 PCE year-over-year is estimated to remain unchanged at 2.6%

8:30 Core PCE is estimated unchanged at 0.3%

8:30 Core PCE year over year is estimated to rise to 2.9% from 2.8% prior

8:30 Advanced trade balance in goods is estimated at -$86.0 billion

8:30 Advanced retail inventories are estimated unchanged at 0.3%

8:30 Advanced wholesale inventories are estimated unchanged at 0.2%

10:00 Consumer sentiment is estimated unchanged at 58.6