US stock futures, tracking the Dow Jones, fluctuated around the breakeven point on Thursday after the Dow Jones achieved a record close in the prior session. Caution prevailed among traders as they anticipated the release of crucial, delayed economic reports, which could influence the Federal Reserve’s impending monetary policy deliberations.
- The Dow Jones reached a record close in the previous session.
- US stock futures, reflecting the Dow Jones, experienced mixed performance, oscillating between minor gains and losses.
- Market expectations for a 25bps Fed rate cut next month have decreased to roughly 54%, a decline from nearly 65% the day before.
The Dow Jones is exhibiting volatility as investors await clarity on the economic outlook. The anticipation surrounding upcoming economic data releases and their potential impact on the Federal Reserve’s decisions is creating uncertainty. The reduced probability of a near-term rate cut is also contributing to the market’s cautious sentiment.