US Stock Futures Muted Ahead of Key PMI Data and Powell Speech

Dow Jones futures have shown cautious movement amid mixed signals from the broader market and upcoming economic data releases. Following a choppy session and muted risk appetite, futures hovered near previous closing levels with the Dow around 46,300, reflecting subdued investor enthusiasm due to soft US business activity data and cautious remarks from Federal Reserve Chair Jerome Powell. Despite recent record highs in major US stock indices, including gains fueled by megacap tech stocks like Nvidia's significant investment in OpenAI, market participants remain wary ahead of key economic indicators such as US PMI data, GDP, Jobless Claims, and the PCE Price Index. Fed officials have expressed varying views on the need for further interest rate cuts, adding to the cautious sentiment. Overall, the Dow Jones and other indices are poised for neutral openings with investors adopting a wait-and-see approach before major economic releases later in the week.