US Tech forecast: the index continues to rise, but correction risks grow
The uptrend in the US Tech stock index has shifted into a downward correction. The US Tech forecast for next week is negative.
US Tech forecast: key trading points
Recent data: the US manufacturing PMI preliminarily came in at 53.3 in August
Market impact: this data strengthens expectations for overall economic momentum, which may be viewed positively by equity investors
Fundamental analysis
The US manufacturing PMI reached 53.3 points in August 2025, significantly above the forecast of 49.7 and the previous reading of 49.8. A PMI reading above 50 indicates an expansion in manufacturing activity. This result signals that the industrial sector is in a growth phase with increasing demand for goods.
Although PMI directly relates to industrial production, its positive reading indirectly impacts the high-tech sector. Rising manufacturing activity requires more automation, digitalisation of processes, and the use of advanced technologies. This boosts demand for semiconductor products, cloud services, software, and industrial robotics. As a result, the tech-heavy index may find additional support.
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