Dow stock price today forecast points to slight gains following

Dow stock price today forecast points to slight gains following encouraging U.S. manufacturing PMI numbers. This data reinforces sentiment that the economic slowdown may be less severe than previously feared. Portfolio managers are rotating into value stocks, keeping the index supported above its 20-day moving average. Prior to today's trading, shares of the refiner had gained 10.56% outpaced the Oils-Energy sector's gain of 4.06% and the S&P 500's gain of 2.87%. Privately owned housing starts declined 9.8% in May to hit 1.256 million, the lowest level in five years, according to data from the Census Bureau on Thursday. Dow stock price today forecast anticipates continued sideway trading before Friday’s key inflation data release. Bond yields remain influential, with lower yields offering tailwinds for equities. Traders highlight sector rotation from growth to value names as a defining market dynamic this week.