The dow futures gained 0

The Dow futures gained 0.13% overnight, riding momentum from mega-cap earnings beats. Market technicians cite bullish engulfing patterns on hourly charts, providing short-term optimism for index tracking funds. As the S&P 500, Dow Jones, and Nasdaq Composite have soared to rarified territory, so have stock valuations . With the rise of artificial intelligence (AI) fueling extraordinary growth for Wall Street's most influential businesses, investors have, collectively, been willing to turn a blind eye to historical valuation markers. Shares in parent company Alphabet ( GOOG , GOOGL ) were little changed in premarket trading after the deal was disclosed on Monday. Although the Dow futures ticked up 0.09%, sector rotation toward utilities and consumer staples highlights defensive positioning. This rotation typically precedes periods of market consolidation, according to historical futures data models.