Position：home

Dow Jones Futures Tomorrow: What to Watch

Dow Jones futures are pointing to a higher open on Monday, August 29, 2023. The Dow Jones Industrial Average (DJIA) is up 0.5% in premarket trading, while the S&P 500 is up 0.4% and the Nasdaq Composite is up 0.3%.

The positive sentiment in the market is likely due to a combination of factors, including strong earnings reports from several major companies and optimism about the global economy. The U.S. economy is expected to grow by 2.5% in 2023, according to the International Monetary Fund (IMF). The IMF also expects the global economy to grow by 3.6% in 2023, up from 3.2% in 2022.

However, there are some risks to the market outlook. The Federal Reserve is expected to continue raising interest rates in an effort to combat inflation. Higher interest rates can make it more expensive for businesses to borrow money and invest in new projects. This could lead to a slowdown in economic growth.

dow jones futures tomorrow

Another risk to the market is the ongoing war in Ukraine. The war has caused disruptions to the global energy market and has led to higher prices for food and other commodities. This could put a strain on consumers and businesses and lead to a slowdown in economic growth.

Dow Jones Futures Tomorrow: What to Watch

Key Levels to Watch

Here are some key levels to watch for the Dow Jones Industrial Average (DJIA) on Monday, August 29, 2023:

Support: 33,000
Resistance: 34,000

If the DJIA can break above 34,000, it could move higher towards 35,000. However, if the DJIA falls below 33,000, it could move lower towards 32,000.

Stocks to Watch

Here are some stocks to watch on Monday, August 29, 2023:

Apple (AAPL): Apple is scheduled to report its fiscal fourth-quarter earnings after the market close on Thursday, August 29, 2023. Analysts are expecting the company to report earnings per share (EPS) of $1.29 on revenue of $89.1 billion.
Microsoft (MSFT): Microsoft is scheduled to report its fiscal fourth-quarter earnings after the market close on Tuesday, August 30, 2023. Analysts are expecting the company to report EPS of $2.29 on revenue of $52.9 billion.
Tesla (TSLA): Tesla is scheduled to report its second-quarter earnings after the market close on Wednesday, August 31, 2023. Analysts are expecting the company to report EPS of $1.02 on revenue of $17.1 billion.

These stocks are all expected to report strong earnings, which could boost their stock prices.

Key Levels to Watch

Economic Data to Watch

Here is some economic data to watch on Monday, August 29, 2023:

U.S. consumer confidence index (CCI): The CCI is a measure of consumer confidence in the U.S. economy. The CCI is expected to increase to 101.0 in August from 100.0 in July.
U.S. durable goods orders: Durable goods orders are a measure of new orders for durable goods, which are goods that are expected to last more than three years. Durable goods orders are expected to increase by 1.0% in July from 0.9% in June.
U.S. initial jobless claims: Initial jobless claims are a measure of the number of people who filed for unemployment benefits for the first time. Initial jobless claims are expected to decrease to 240,000 in the week ending August 27 from 248,000 in the week ending August 20.

This economic data could provide insights into the health of the U.S. economy.

Conclusion

Dow Jones futures are pointing to a higher open on Monday, August 29, 2023. The positive sentiment in the market is likely due to a combination of factors, including strong earnings reports from several major companies and optimism about the global economy. However, there are some risks to the market outlook, including the Federal Reserve's expected interest rate hikes and the ongoing war in Ukraine.

Investors should watch key levels for the Dow Jones Industrial Average (DJIA) and keep an eye on stocks to watch and economic data. This information can help investors make informed decisions about their investments.