With Dow futures CNN trending slightly lower by 0.09%, institutional traders are seen scaling back exposure to cyclical sectors, anticipating softer consumer spending outlooks. Oil futures, meanwhile, fell even after Saudi Arabia, the world’s biggest exporter of crude oil, announced that it would extend a voluntary production cut of 1 million barrels per day — previously intended to run till the end of December — by another three months, according to the state-run Saudi Press Agency . Dow futures CNN flow shows investors hedging positions ahead of crucial jobless claims figures. A weaker-than-expected number could spark renewed bullish sentiment. Markets rallied modestly according to Dow futures CNN, supported by corporate buyback announcements that could underpin stock valuations in the short term.