Dow Futures ’Muted Enthusiasm Nervy as Dangerous Headwinds Emerge, Crypto Coins News

• Dow Jones Industrial Average futures are up slightly today.
• Boeing stock could head lower and dent the early optimism.
• Doubts about the US-China trade deal pose another challenge to the stock market.

Futures on the Dow Jones Industrial Average ( DJIA) are up slightly this morning following a muted end to last week. The Dow and the stock market lookedall set for an explosive performancelast Friday as the U.S. and China struck a trade deal. But the enthusiasm waned quickly as other challenges appeared.

The Dow and the stock market went on a wild ride asWall Street did not like the detailsof the US-China trade deal. Meanwhile, another round of weak economic data out of the U.S. in the form of weak retail sales also nixed the stock market’s early momentum.

So, even though the Dow exited the prior week in the green, it remains to be seen if it can sustain the momentum in the closing days of the year. A clutch of economic data will be on the table this week, and a major Dow component could end up weighing on the entire index.

) Dow futures trade tentatively higher as the stock market looks for new catalysts

Dow Jones futures are up (points, or 0. percent, at 6. 33 am ET. This indicates a positive opening for the stock market this week considering that the other indexes are also swimming in positive territory.

********** Dow Jones futures are up today but Boeing could play spoilsport. | Source: Yahoo! Finance

of the entire index, could witness a stock price plunge today. Boeing stock is down 2. 47 percent in pre-market trading as the aircraft maker is reportedly considering cutting down on the production of the troubled 219267 Max aircraft.

A source cited by CNN points out that Boeing. couldreduce the output of the aircraftor might even end up suspending the production of the Max. Boeing CEO Dennis Muilenburg had already warned earlier this year of the same. The fact that the aircraft hasremained under trouble with regulatorsis probably forcing Boeing to take this step, and this could end weighing on on the Dow today.

However, Apple stock could offset some of the weakness today for the Dow. The iPhone maker is the index’s third-largest component, and its stock is already in the green during pre-market trading early morning. Apple hasmanaged to escape a percent dutyit would have been subjected to if a Dec. 16 tariff had come into force.

The stock market and the Dow could also be affected by the potential repercussions of the trade deal. The advantages of the US-China trade deal seem to be priced into the stock market already, and any loopholes that emerge now will have a negative impact on the Dow.

There’s an opinion that the spats between the US and China won’t end after the latest deal. That’s because the United States’ trade deficit with Chinawon’t go down after the latest dealas Beijing has refrained from making firm commitments.

Not surprisingly, there are concerns that all might not be well between the two countries and Implementing the pact could be a challenge. Amid all of this, the Dow and the stock market’s direction seem uncertain, and a major catalyst will be needed to prop up the index today.

This article was edited bySamburaj Das************************************************** (******************************** Read More
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