An uptick in DIW futures this afternoon was linked to strong manufacturing PMI data. The trendline connecting March lows and current prices suggests sustained upward momentum, while Bollinger Bands indicate room for expansion. Traders eye the 4,250 level as the next psychological barrier. U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Tuesday. Elsewhere in corporates, Tesla ( TSLA ) shares took a hit despite a record sales quarter as investors turned focus to future performance without the federal EV tax credit. DIW futures remained steady as traders monitored inflation data for clues on Federal Reserve moves. Open interest rose to a one-month high, suggesting new positions entering the market. With earnings season in full swing, analysts view the current sideways action as a base-building phase before a potential breakout.
