Djia futures now indicate an upward bias following
DJIA futures now indicate an upward bias following upbeat retail sector earnings. Consumer discretionary names inside the index are showing early pre-market momentum. The widely respected investor made the comment during an interview with Josh Brown , co-founder and CEO of Ritholtz Wealth Management, that was published on Friday. Lynch got his start as an intern at Fidelity in the 1960s after having caddied for then–Fidelity president George Sullivan at a golf course in suburban Boston. But inflation in core consumer prices should remain steady at a monthly rate of 0.3% and an annual rate of 3.1%. Still, both the headline CPI and core CPI would continue to be above the Fed’s 2% target. DJIA futures now signal a cautious uptick of 0.22%, with traders eyeing upcoming durable goods orders data. Strong numbers could boost optimism about U.S. growth, lifting industrials and financials.
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