US Tech forecast: index resumes growth

The US Tech index broke out of its sideways range and resumed its rise, with the potential to reach a new all-time high. The US Tech forecast for next week is positive.

US Tech forecast: key takeaways

• Recent data: US GDP grew by 1.5% in Q2 2026
• Market impact: the current data is negative for the technology sector

US Tech fundamental analysis

US Q2 GDP growth came in at 1.5%, below a forecast of 2.1% and the previous reading of 2.1%. The result indicates a more pronounced slowdown in the US economy than expected. For financial markets, this is a mixed signal. On the one hand, slower economic growth increases the risk of a decline in corporate earnings and weaker consumer activity. On the other hand, a weaker economy may increase expectations of monetary policy easing by the Federal Reserve, which could support stocks through potentially lower interest rates and government bond yields.

For the US Tech index, the initial reaction may be moderately negative, as the actual reading came in significantly below the forecast. Investors may be concerned about reduced corporate spending on information technology, cloud services, software, and digital advertising. Slower economic growth may also limit demand for computers, smartphones, semiconductors, and other technology products.

US Tech technical analysis

For the US stock market as a whole, the release is a rather negative signal, as it increases the likelihood of downward revisions to companies’ revenue and earnings forecasts. Weaker GDP growth may mean lower consumer spending, reduced production, and a more cautious investment policy by businesses. Investors may temporarily reduce their holdings in stocks sensitive to the economic cycle and increase allocations to more stable assets.

The US Tech index has shifted to an uptrend. The nearest resistance level has formed at 29,865.0, while the main support is located at 27,065.0. The index is experiencing elevated volatility. At the same time, if buying activity is insufficient, the index may continue to move within a sideways range. If the rise continues, the target could be 30,770.0.

The US Tech price forecast outlines the following scenarios:

• Pessimistic US Tech scenario: a breakout below the 27,065.0 support level could push the index down to 25,885.0
• Optimistic US Tech scenario: a breakout above the 29,865.0 resistance level could propel the index up to 30,770.0

Summary

The GDP data poses short-term downside risks for the US Tech and the broader US stock market, as it points to a weaker economy than expected. However, the overall reaction of the technology index may be less negative if market participants strengthen expectations of interest rate cuts. The further direction will depend on inflation data, labour market conditions, and comments from the Federal Reserve. If the economic slowdown is accompanied by lower inflation, the market could recover fairly quickly. The nearest upside target could be 30,770.0.

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