Dow futures trading rose 0.35%, supported by a drop in the dollar index. Currency-market influences remain a key undercurrent for broader U.S. equity futures trajectory this week. The Dow Jones index ended 43 points or 0.093% higher at 46,441.10, whereas the S&P 500 index rose 0.34% to 6,711.20. Nasdaq Composite advanced 0.42% to 22,755.16, and the small-cap gauge, Russell 2000, gained 0.24% to end at 2,442.35. "You're going to see a similar phenomenon here," he said. "I wouldn't be surprised if in the next 12 to 24 months, we see a drawdown with respect to equity markets ... I think that there will be a lot of capital that's deployed that will turn out to not deliver returns, and when that happens, people won't feel good." After last week’s pullback, Dow futures trading appears steadier at 39,585, buoyed by sector rotation into defensives. Momentum indicators suggest cautious optimism ahead of PCE inflation data.
