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Publication date: September 18, 2025
It is Thursday, September 18. The AEX notes 917 points in the opening session, 14 points (1.55%) higher than last week. Read our market update from last week HERE.
What happened on the AEX in the past week?
The AEX opened the week positive at 911 and extended this to the preliminary weekly high at 922 on Tuesday morning. Ahead of the important interest rate decision in the U.S. on Wednesday night, the AEX fell back a bit to the 911 level. The interest rate cut and especially the Fed's statements in the ensuing press conference were picked up fairly positively by the market. The AEX picked up on Thursday morning and opened at 917.
What does this mean for sentiment on the AEX?
Underlying sentiment on the AEX is positive.
What is the outlook on the AEX?
The AEX is moving in line with expectations leaving the view unchanged. The longer-term expectation is unchanged positive. In the most likely scenario of our algorithm, the AEX is going to rise to the zone around 940 - 950 and eventually to the price target 1,050. With a close below 880, the positive scenario expires and the AEX enters a neutral zone with an increased risk of further decline. As long as 880 holds, the positive scenario remains in place.
Above is the chart of the AEX as of early 2025. The arrows indicate the most likely scenario for the coming months.
What happened on the Nasdaq this past week?
The Nasdaq futures are at 24,600 on Thursday morning, September 18 that is 670 points (2.8%) higher than last week.
T he Nasdaq futures are having another great week and are putting record highs on the price boards. After the modestly positive opening price of the week at 24,115 the price pulled through to 24,650. On Wednesday, the Nasdaq had to pull back slightly but after the interest rate cut in the US, the price once again managed to reach the record high of 24,650.
What is the expectation for the Nasdaq futures?
The expectation is positive. Our algorithm has raised the price target from 26,300 to 27,800. This means that in the most likely scenario, the Nasdaq futures could rise over 12% more within an orderly period. A close below 22,200 eliminates the positive scenario.
Below is the chart of the Nasdaq futures as of October 2024 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 46,530 points, which is 955 points (2.1%) higher than last week's reading.
The DJIA opened the week slightly higher at 45,855 but manages to benefit greatly from the interest rate decision in the US. The current level is the highest weekly reading and the highest reading ever.
What is the forecast for the Dow Jones Industrial Average Index?
The outlook remains positive. The DJIA is showing strength and in the most likely scenario could reach the price target 49,000 in the short term. This means a short-term rise of about 5%. The scenario expires at a close below 43,200.
Below is the chart of the DJIA futures from October 2024 with the most likely scenario plotted.
Every Sunday morning we publish the stock market agenda for the coming week. Would you like to receive the stock market agenda by mail? Sign up here.
In the fair agenda we cover the most important topics through an explanation and vision. Read here the stock exchange agenda from September 15 to September 19, 2025 and from Friday afternoon you can read here the stock exchange agenda for the week from September 22 to September 25, 2025.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
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