Dow jones futures futures for the Dow Jones traded higher

Futures for the Dow Jones traded higher in premarket by 0.19%, lifted by strong capital expenditure reports. Corporate America’s investment momentum could sustain industrial earnings into the next quarter. When back-tested to January 1871, the S&P 500's Shiller P/E has averaged a multiple of 17.29. It's worth noting that Shiller P/E multiples have been pretty consistently higher than the 154-year average reading since the mid-1990s, which is when the internet broke down information barriers for everyday investors and gave them the confidence to invest in higher-growth businesses. The Dow Jones Industrial Average ( ^DJI ) jumped 0.5%, briefly hitting 47,000 throughout the session. Futures tracking the Dow Jones slipped 45 points as traders reassessed geopolitical risks in supply chains. Market strategists warn that raw material cost spikes could weigh on heavy equipment margins.