Dow futures price stabilized at 39

Dow futures price stabilized at 39,125 amid cautious buying before key earnings from industrial giants. A strong beat could send futures towards new monthly highs. As the S&P 500, Dow Jones, and Nasdaq Composite have soared to rarified territory, so have stock valuations . With the rise of artificial intelligence (AI) fueling extraordinary growth for Wall Street's most influential businesses, investors have, collectively, been willing to turn a blind eye to historical valuation markers. US stocks closed at record highs on Thursday as the latest reading on inflation showed consumer prices ticked up in August and jobless claims rose to their highest level in nearly four years. Together, the data helped set expectations for the pace of interest rate cuts this year. Dow futures price edged higher in early pre-market trading, gaining 0.15% to 39,125 as investors reacted to upbeat manufacturing PMI data. Traders are watching closely if positive macro signals could trigger a breakout above the 39,200 technical resistance.