U.S. Stocks Hold Near Highs as Markets Look Past Geopolitical Tensions

U.S. stock markets closed mixed, with the Dow Jones Industrial Average edging lower while the S&P 500 and Nasdaq extended their gains. Despite ongoing uncertainty surrounding U.S.–Iran developments, market sentiment remains resilient as traders continue to focus on momentum and technical structure. The Dow Jones Industrial Average declined by 72.27 points (-0.15%) to close at 48,463.72. The S&P 500 gained 55.57 points (+0.80%) to 7,022.95, while the Nasdaq Composite climbed 376.93 points (+1.60%) to 24,016.01.

Dow Jones Industrial Average (INDU)

The Dow Jones Industrial Average closed slightly lower but remains near its recent highs, showing no decisive bearish shift. Price action continues to hover around a confluence area near the trend line and Fibonacci resistance, suggesting that the market is waiting for further confirmation before making its next move. While a bearish rejection from this zone could trigger a pullback toward the EMA 200, the current structure still supports a bullish outlook unless a clear breakdown occurs.

Yelp Inc. (YELP)

Yelp Inc. remains in a broader bearish trend, but the recent price action shows a corrective move higher. The share price has climbed above the EMA 100 and is approaching the previously broken swing low, which now acts as resistance. If the price continues toward the EMA 200, traders will watch closely for bearish rejection as confirmation of trend continuation. On the other hand, a strong bullish breakout above this resistance zone could signal a potential shift in structure, opening the path for a new higher swing high.