Dow Jones futures slip as risk aversion increases on AI concerns

💡 DMK Insight

Dow futures are slipping slightly, and here’s why that matters for traders: The Dow Jones futures are down 0.03% to around 49,550, while S&P 500 and Nasdaq 100 futures are also in the red, indicating a cautious sentiment as we head into key economic data releases this week. This dip could signal a broader market correction, especially if the upcoming reports on inflation and employment don’t meet expectations. Traders should keep an eye on these metrics, as they could influence the Fed’s next moves and market volatility. Look at the technical levels: the S&P 500 is hovering near 6,850, which could act as a support level. If it breaks below this, we might see a sharper decline, potentially triggering stop-loss orders and further selling pressure. Conversely, if the market manages to hold these levels, it could set the stage for a rebound. Keep an eye on the correlation with tech stocks, as the Nasdaq’s 0.48% drop could indicate a risk-off sentiment that might spill over into crypto markets as well.