Dow futures now hover in a tight range amid mixed global cues, as Asian markets ended flat while European bourses gained on energy sector rally. Analysts suggest a breakout could occur if jobless claims data confirms labor market resilience, easing recession fears. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are soaring -- and so are stock valuations. Renewals ticked down marginally, but its membership growth and tier upgrade momentum remains intact, Morgan Stanley noted. It also pointed to its "consistent execution" in membership, core profitability and fee income. Dow futures now are up, with market focus on durable goods orders likely to guide industrial outlook. Economists project mild growth that could sustain the Dow’s push toward all-time highs if confirmed.
