Dow Jones Industrial Average futures were down big on Friday, falling more than 400 points or 0.9%. This sell off follows an encouraging up tick in normal trading the day ahead of when the Dow gained 0.2%. The latest futures also reflected a loss of 58 points, or 0.1%, indicating a cautious market response as investors digest economic data and geopolitical developments.
For all of this bullishness, the broader market backdrop does indeed look to be a mixed bag. Even with the drop in futures, the Dow Jones Industrial Average added 0.2% in Thursday’s regular session. The Nasdaq Composite had a 0.2% rebound that day. With the S&P 500 on course for strong weekly gains. Like the Dow and Nasdaq, it’s a further sign of resilience in the markets even as economic headwinds continue to blow.
Dow Jones surveyed economists who expected the consumer inflation report to be up 0.2%. This expectation further highlights the persistent worries about inflation and its possible effect on consumer spending and overall economic expansion. The Dow Jones Industrial Average today is doing exactly what you’d expect given its historic average. This is a sign that market conditions are coming back to stability, especially following the recent peak volatility.
Market analysts would be tuning in to inflation trends throughout the week. They’re watching other key economic indicators that might change the mood among investors. The Dow Jones Industrial Average futures are on track for their third consecutive up week. This trend is indicative of the fact that many investors are seeing positive signs and growing optimistic about the recovery trajectory.