Dow futures current edging up reflects bargain hunting in oversold industrial sectors. Watchlist includes Boeing and Caterpillar, both showing pre-market bids above average volumes. Wall Street was unfazed by the shutdown as the AI-led optimism led the markets higher, even as most S&P 500 sectors declined on Thursday, information technology and communication services advanced. If the revenue is given back to consumers via tax cuts, U.S. economic growth “may not suffer too badly,” putting GDP growth expectations to an average of 1.5% annualized over the next four quarters, according to Capital Economics. However, if the additional tax revenue is used to pay down the budget deficit, it would lead to a fiscal tightening of over 2%, “which means the economy would be lucky to avoid a recession.” With Dow futures current at 38,240, investor focus remains on Federal Reserve commentary due this afternoon. A dovish tone could push futures upward as rate-sensitive sectors regain traction in early trades.
Return this item within 90 days of purchase.
Get an immediate answer with AI
AI-generated from the text of manufacturer documentation. To verify or get additional information, please contact The Home Depot customer service.