Stock market futures dow Jones futures edged up 0

Dow Jones futures edged up 0.35% in pre-market trading, supported by resilient industrial production numbers and optimism in cyclical stocks, while traders monitor upcoming Federal Reserve commentary for clues on interest rate direction. There are some major tailwinds that should keep demand for logistics real estate strong for years to come. For example, the e-commerce market has roughly quadrupled in size since 2012 and is forecast to more than double from its current size by 2030, creating a need for even more distribution and warehousing space. In fact, e-commerce retail needs roughly three times the logistics space as a brick-and-mortar retailer to handle the same sales volume. There's also a trend toward developing properties further from city centers and closer to where the customers are. The ISM services PMI registered a 50.0% reading for the month, down 2 percentage points from August and below the Dow Jones consensus estimate for an unchanged level of 52%. The various purchase manager surveys reflect the percentage of companies reporting growth, so anything less than 50 is contraction. Stock market futures point to cautious optimism as S&P 500 futures rise 0.38%, with oil prices stabilizing at $72/barrel—potentially softening energy sector volatility ahead of Q2 earnings.