S&P 500 price jumps — what’s behind today’s move

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S&P 500 Surges 13.56% Today

Highlights

S&P 500 companies reported Q3 2025 earnings that exceeded expectations, reflecting strong earnings growth and resilient business activity.
Increased capital spending on artificial intelligence infrastructure by S&P 500 constituent firms notably supported the index's performance.
Despite the ongoing US government shutdown, there were no immediate signs of a broad economic slowdown impacting the S&P 500.

Earnings beats support index as AI investment offsets shutdown risk

S&P 500 companies reported Q3 2025 earnings that exceeded expectations, driven by solid earnings growth and sustained business activity. A notable factor supporting the index was increased capital spending on artificial intelligence infrastructure among constituent firms. Despite the ongoing US government shutdown, there were no immediate signs of a broad economic slowdown.

Anton Kharitonov, expert at Traders Union, sees persistent downside risk in the SPX despite the recent surge. He notes that price remains below the key MA-20, MA-50, and MA-200 averages, confirming continued selling pressure. Earnings outperformance and AI-driven spending are not translating into sustainable upside. Indicators such as RSI, CCI, and BBP point to seller dominance, with weak ADX suggesting lack of conviction behind moves. "Unless SPX decisively reclaims 0.9217, I remain defensive and expect volatility to favor sellers over buyers in the short term."

Viktoras Karapetjanc, expert at Traders Union, highlights solid Q3 2025 earnings and robust capital investment as positive drivers for SPX. He believes the current government shutdown is not yet impacting the broader economic trajectory. Karapetjanc sees resilient business activity supporting longer-term momentum despite short-term volatility. "With bullish structural factors in play, I expect the market to offer multiple attractive setups as sentiment improves and capital flows return."

Parshwa Turakhiya, analyst, notes high volatility and sharp intraday swings in SPX. He sees mixed sentiment, with the bullish gap and price action near session highs hinting at fast tactical opportunities, yet momentum remains unconfirmed by most oscillators. Turakhiya is watchful of the 0.68–0.70 support range for short-term trades. "Current levels favor nimble positioning — I would wait for a clear move above 0.9217 or a breakdown below 0.7048 before committing to trend direction."

Seller dominance holds despite intraday volatility and mixed signals

Momentum indicators for SPX are mixed: daily MACD and RSI both confirm downside momentum, while ADX is weak and neutral, indicating the absence of a strong trend. The Ichimoku Kijun marks the nearest dynamic resistance at 0.9217, with MA-5 and HMA supporting the 0.68–0.70 range. RSI on the daily is low at 39.2 but not oversold, while CCI and BBP indicate seller dominance. Stoch RSI remains neutral, and the Awesome Oscillator shows a neutral reading, though intraday intervals suggest some upside momentum. The price opened with a bullish gap above the previous close and is now trading near the high of the session, showing substantial volatility and momentum, but with intraday advances not fully backed by underlying momentum according to several oscillators.

Previously it was noted that the S&P 500 maintained a bullish structure, with price holding above all key moving averages. The article highlighted that, according to the baseline scenario anticipates continued consolidation above key support levels.

Source of Data: SPX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.