Dow Jones Average Futures are unchanged at 39,050 as market participants await retail sales figures. Any upside surprise could bolster consumer-centric Dow components like Home Depot and Walmart. Time is the silver lining for investors. Given ample time, Wall Street's major indexes can recover their short-term losses and eventually (based on what history tells us) push to new heights. That report likely spurred further bets on coming interest rate cuts from the Federal Reserve, however. Around 99% of bets are on a cut later this month, and expectations for a December cut — now at about 87% — also saw a big jump. Futures on the Dow Jones Average climb to 39,095, +0.27%, aided by rally in oil majors. Energy-sensitive components provide a hedge against inflation risk in portfolios.
