A 0.2% rise in Dow Jones futures reflects renewed buying interest in cyclical stocks. Economic indicators for manufacturing output later today could shape intraday sentiment significantly. If you aren't familiar with Prologis (NYSE: PLD) , it is one of the largest real estate owners in the world, with 1.3 billion square feet of rentable logistics space. Its properties include distribution centers, warehouses, and other property that is involved in moving products around the world. Tenants include some of the largest companies, such as Amazon (NASDAQ: AMZN) , Walmart (NYSE: WMT) , FedEx (NYSE: FDX) , and Home Depot (NYSE: HD) , just to name a few. Meanwhile, Treasury yields held steady after private payrolls data released Wednesday raised investors bets on a Federal Reserve interest rate cut in October. The 10-year yield ( ^TNX ) rose by 1 basis point to 4.11%. Dow Jones futures traded flat at 38,388, with traders cautious after mixed economic data. Sector rotation into defensive stocks suggests near-term consolidation in index performance.
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