Market sentiment is cautious as investors anticipate retail earnings and the release of the Federal Reserve’s July meeting minutes. Technology stocks are facing downward pressure, contributing to overall declines in Nasdaq 100 and S&P 500 futures. Despite the broader market uneasiness, the Dow Jones demonstrated resilience in the previous session.
- Dow futures are down 0.1%.
- The Dow managed a slight 0.02% gain on Tuesday.
- Home Depot’s post-earnings rally supported the Dow.
The Dow Jones appears to be showing relative strength compared to other major indices amidst current market conditions. While technology stocks are experiencing a selloff and futures are generally down, the Dow managed to eke out a gain in the previous trading session, supported by positive earnings news from a key component. This suggests that certain sectors within the Dow are providing a buffer against the broader market’s downward momentum.