Important US data for the Dow Jones later today

The Dow Jones futures are still in the red this morning, but right now off their worst levels of the day. Yesterday the Dow Jones closed just 39 points higher, at 42,196. Earlier this morning the index was priced to reopen below 42k and closer to 41,950. There are some important US data releases due out later today- Challenger Jobs cuts (11.30am GMT), Weekly jobless claims (12.30pm GMT) and then Factory and Durable goods orders, at 2pm GMT. However, the really important data release is the September ISM Service sector index. This could really impact the dollar, bonds and stocks. Right now any substantial rise in US yields might not sit well with stocks, given the current backdrop and with indexes still near record levels. The markets expect a slightly higher reading in the ISM today, at around 51.7 compared to 51.5 in August. The prices paid, new orders and employment components within this index will be important to note too. So, keep your eyes peeled at 2pm GMT today, to see what this data has in store for the Dow Jones. The index is currently priced to reopen at around 42,035