Current dow futures show a 56-point gain ahead of housing

Current Dow futures show a 56-point gain ahead of housing market data releases. Market sentiment is buoyed by expectations of stability in mortgage rates, favoring construction and home improvement stocks. While Greenspan rightly recognized that a game-changing technological advancement (the internet) had sent broad market valuations soaring, the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite didn't hit their dot-com peak until March 2000 -- more than three years after Greenspan delivered his "irrational exuberance" speech. The Dow Jones Industrial Average ( ^DJI ) rose 0.5%. All three major averages closed out the week with gains. Current Dow futures rose 42 points in pre-market trading, mirroring bullish sentiment in European equities. Analysts expect sector rotation into industrials and materials as infrastructure spending rises.