Publication Date: July 9, 2026

AEX

On Thursday, July 9, the AEX stood at 1,084 points during the morning session. That represents an increase of 16 points, or 1.5%, compared to last week.

Market Development

The AEX opened the trading week on a positive note at 1,082. On Tuesday, the AEX reached its highest level of the week so far at 1,087, after which prices fell sharply. On Wednesday, the week’s low was set at 1,070. This was caused by alarming reports regarding the conflict between the United States and Iran. In addition, doubts resurfaced regarding the high valuations of AI-related companies.

On Wednesday evening, President Trump once again offered reassuring remarks, causing the stock markets to rebound. The market has lacked directional macroeconomic data this week and is therefore fluctuating in line with geopolitical sentiment.

Sentiment

Sentiment in the stock markets is positive. However, the high valuations of AI-related companies continue to cause concern.

Outlook

Our model expects higher volatility in the short term. The AEX may test the 1,053 level once more during this volatile phase, but according to the model, this will be the prelude to a rise to around 1,120 points.

Subsequently, a correction toward the 1,030-point range is the most likely scenario. In the long term, the positive outlook remains intact. Our model anticipates a new upward move toward the price target of 1,230 points.

A close below 920 points would invalidate this scenario and shift the technical outlook to neutral to negative. As long as this level holds, the long-term outlook remains constructive.

The chart above shows the AEX from mid-2025 onward, including the expected price movement.

Nasdaq Futures

On Thursday morning, July 9, the Nasdaq futures contract is trading at 29,650 points. That represents a decline of 250 points, or 0.8%, compared to last week.

Market Trends

The Nasdaq futures contract started the week slightly lower. On Wednesday, the price reached its lowest level of the week so far at 28,909 points. This puts the Nasdaq futures contract more than 6.5% below its record high of 30,975. On Wednesday evening, the price recovered from the sharp decline earlier that day.

Sentiment

Sentiment toward the tech sector is strong. The price is highly volatile, indicating that the market is nervous.

Outlook

From the record high of 30,975, the price may continue the correction in the short term to around 27,500 points. Subsequently, the price may reach a new high at 32,500.

After that, the major correction will be completed, and the price could move to the range between 27,500 and 26,500 points.

After this correction, the long-term uptrend may resume toward the new price target of at least approximately 34,500 points.

The chart below shows the Nasdaq futures from mid-2025 onward, including the expected scenario.

Dow Jones futures

The Dow Jones futures contract is currently trading at 52,695 points. That represents an increase of 45 points, or less than 0.1%, compared to last week.

Market Trends

The Dow Jones futures contract has once again set a new record, reaching a high of 53,651 over the past week. Investors frequently choose to switch from tech stocks to more traditional companies. This is why the Nasdaq-100 regularly drops sharply while the Dow Jones index reaches record highs.

On Wednesday, however, the Dow Jones futures fell sharply, reaching a weekly low of 52,340, and the subsequent recovery was weak.

Sentiment

Sentiment surrounding the Dow Jones futures remains fundamentally strong, but uncertainty is growing.

Outlook

In the short term, a correction to 50,500 points is possible. Subsequently, the most likely scenario is that the price will reach a new high around 54,000 points.

After that, the price may begin another correction toward 50,500 points. This level could then serve as a base for a new upward move toward the new long-term price target of approximately 58,700 points.

The chart below shows the Dow Jones futures starting in June 2025, including the expected price movement.

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In the market calendar, we cover the most important topics with commentary and our outlook. Read the market calendar for July 6 through July 10, 2026 ,here, and starting Friday afternoon ,you can read the market calendar for the week of July 13 through July 17, 2026,here: .

Disclaimer: Investing involves risks. 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 intended for educational purposes only.