S&P 500 Analysis: After Record Highs Attained a Slight Reversal Lower – 04 September 2025
The S&P 500 trades near 6,467 after record highs, with 6,500 seen as the next upside target as traders await direction from Friday’s U.S. jobs report.

The S&P 500 trades near 6,467 after record highs, with 6,500 seen as the next upside target as traders await direction from Friday’s U.S. jobs report.
The EUR/USD pair spent the first half of the day confined to a tight intraday range, stuck around the 1.1650 area. The US Dollar (USD) pushed marginally higher against most major rivals amid continued caution among market participants ahead of United States (US) macro releases.
Silver continues its bullish run toward the top of its channel, but traders expect a pullback toward $40 before momentum resumes higher.
Super profit margins and an excellent return on invested capital provide a fundamental floor under existing selling pressure. Will support levels hold?
Natural gas rallied to test the 50-day EMA, but weak seasonal demand and strong resistance suggest the broader downtrend remains intact.
An excellent return on assets and equity, with solid profit margins for its industry, should provide sufficient tailwinds. Is a breakout brewing?