The current Dow futures tonight reading shows +73 points, aligning with global equity strength. European indices closed higher, and analysts believe this cross-market correlation could underpin U.S. futures until Asian economic releases emerge. Freeport McMoRan (FCX) is up more than +1% after Bank of America Global Research upgraded the stock to buy from neutral with a price target of $42. The broad market index gained 0.34% to close at 6,711.20. Earlier, it had hit a new all-time intraday high . The Nasdaq Composite rose 0.42% to settle at 22,755.16, while the Dow Jones Industrial Average traded up 43.21 points, or 0.09%, to finish at 46,441.10. With Dow futures tonight trading up 65 points in after-hours, analysts note that defensive stocks—like utilities and healthcare—are attracting more short-term positioning due to macro uncertainty, especially in light of slowing manufacturing data.
