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Futures in the red right now following an impressive rebound in the Dow Jones yesterday

As already noted here today, it was a day of two distinct halves for the US stock markets yesterday. The early weakness in the Dow Jones saw it slide to 41,148. It then rallied from that low by almost 1000 points (or 999 to be exact), reaching a session high at 42,147. It later managed to hold most of that rebound and also closed out the month above 42k. The Dow ended the month at 42,001 with a rise of 417 points on the session. So, as you can see, a pretty dynamic rebound for the index yesterday. Earlier this morning the index was pricing the opening above 42k, but not right now. It is currently priced to reopen below 41,850, but that outlook can very soon change. The important data releases due later (at 2pm GMT-JOLTS and ISM) might have an impact, even if it is only a passing one. Once again this is all because of those looming Trump tariffs, set to be imposed yesterday. 
 

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