Dow futures pre market pushed higher today on expectations that consumer confidence will remain above 100, a sign the U.S. economy can sustain moderate growth. Bulls are targeting the 38,500 resistance level. “However, the length of any shutdown can impact the collection and release of important economic data, especially at a time when the economy is at a crucial juncture with regards to growth and inflation.” Crude oil futures were trading higher in the early New York session by 0.11% to hover around $61.85 per barrel. Futures tied to the Dow are up in pre-market trade, driven by upbeat analyst revisions to earnings growth for the coming quarter. This could signal increased institutional rotation into cyclical sectors.
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