Publication date: April 30, 2026

AEX

The AEX recorded 998 points on Thursday morning, April 30, down 16 points, or 1.6% from last week.

Market development

The AEX opened slightly lower at 1,017 points on Monday morning, but did reach the highest level of the week at 1,022 points on the same day. It then began its decline, with the AEX reaching its preliminary lowest level of the week at 994 points on Wednesday. The decline was mainly driven by increasing uncertainty about developments surrounding the Iran war. The price of oil shot up about 10% last week, reaching levels well above $100 again. This equals the level of just after the outbreak of the Middle East conflict in early March.

Sentiment

Short-term sentiment is deteriorating due to continued geopolitical uncertainty surrounding Iran and the United States. At the same time, fears of resurgent inflation are increasing.

Forecast

For the coming weeks, the most likely scenario remains a correction towards the 940 to 920 points zone.

In the longer term, the positive scenario remains intact.The current correction is expected to set the stage for a new upward movement towards around 1,070 points within twelve months.

A close below 910 points invalidates this scenario and shifts the technical picture to neutral to negative. As long as this level holds, the long-term perspective remains constructive.

The chart above shows the AEX as of early 2025, including the expected price trend.

Nasdaq futures

The Nasdaq futures are trading at 27,370 points on Thursday morning, April 30, up 395 points, or 1.45% from last week.

Market Development

The Nasdaq futures are performing very strongly and better than expected. In the past week, the price once again reached a new record high at 27,622 points.In April, the Nasdaq thus realized a very strong rise of about 16%.

Forecast

According to our model, the Nasdaq may correct from the current level towards 25,500 points. After this correction, the long-term upward trend can resume, with a slightly increased price target around 28,700 points.

The chart below shows the Nasdaq futures from July 2025, including the expected scenario.

Dow Jones Industrial Average

The Dow Jones Industrial Average is currently trading at 48,725 points, down 645 points, or 1.3% from last week.

Market development

The DJIA shows the same price pattern as that of the AEX. The index opened the week quietly at 49,355 points and managed to rise through to its weekly high at 49,546 points on Tuesday. From that level, it started to fall to the weekly low at 48,600.

Forecast

In the short term, the Dow Jones may start a correction towards 45,000 points. This level can then act as the basis for a new upward movement towards around 53,700 points.

The chart below shows the Dow Jones futures as of early 2025, including the expected price trend.

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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.