Dow futures price fluctuated between 39

Dow futures price fluctuated between 39,110 and 39,140, reflecting indecision ahead of the Fed Chair’s testimony. Volatility bands suggest range-bound trading near term. But no mistake, history has a (thus far) flawless track record when it comes to pricey stock markets -- and Fed Chair Jerome Powell is keenly aware of it. U.S. stocks signaled a rebounded Sunday night as futures rose amid the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead. Overnight action pushed Dow futures price up to 39,160 as cyclical rotation favored industrials over defensive stocks. Institutional buying was observed in transportation shares.