Equity futures dipped after manufacturing ISM data

Equity futures dipped after manufacturing ISM data came in below expectations. Weak output numbers stoked recessionary fears, pushing Dow futures down 0.3%. Defensive utilities and staples futures saw marginal gains amid sectoral risk aversion. If you're a homeowner, however, particularly right now, you're in luck. With the average home equity amount sitting around $300,000 now, borrowing an amount like $90,000 is relatively simple. And, thanks to a cooling interest rate climate encouraged by the Federal Reserve's new rate-cut campaign , it's also less expensive than using a personal loan or credit card. Editor’s Note : The future prices of benchmark tracking ETFs were updated in the story . Equity futures remained flat in the pre-market after mixed earnings reports from the tech sector. Nasdaq futures slipped 0.1%, while Dow futures gained 0.2% amid signs that cyclical stocks may outperform growth names in the coming sessions. Traders are watching bond yield movements closely as potential catalysts.