U.S. Stocks Trade Higher on Cooling Inflation, Caution Persists

U.S. stocks are trading higher in the session, with buyers stepping back in after recent pressure. Softer inflation data provided relief to the market, helping major indexes rebound despite lingering concerns about the broader weekly performance.

The Dow Jones Industrial Average is up 209.04 points (+0.42%) at 49,661.02. The S&P 500 gains 42.29 points (+0.62%) to trade at 6,875.05, while the Nasdaq Composite advances 121.13 points (+0.54%) to 22,718.28. Although the rebound shows improving short-term sentiment, the broader tone remains cautious as indexes are still on track for a weekly decline. Traders appear selective, favoring relief-driven buying rather than aggressive risk-on positioning.

Dow Jones Industrial Average (INDU)

The DJIA index pressuring lower below the previously broken swing high. It is currently trading near the 49,633 level and might close the day near it. We expect the index to extend the bullish movement and return above 50,000 level. On the upside, 50,695 and 52,046 are the targets to watch.

Coinbase Global, Inc (COIN)

COIN share prices has completed the double top pattern with top at $444.65, neckline at $291.46. After calculation, $141.27 is the theoretical bearish target for the pattern. Around that level, we also drawn previous major support resistance level and $109.21 – $146.12 is the area where reactions expected. If COIN share prices could stabilize near the area, then traders could accumulate long positions this year.

As COIN share prices mostly influenced by Bitcoin price movement, when BTC bottoming them COIN share prices is expected to bottom too.