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Rotation and MSFT helps the Dow Jones futures outshine
It is understandable that the Dow Jones futures have been spared the slide that has impacted the Nasdaq 100 futures since the close last night, because Alphabet is not as heavily weighted as Microsoft within Dow Jones components. MSFT has a 6% weighting, whereas GOOGL is closer to 3.6%. That coupled with a degree of rotation out of AI tech has helped the Dow Jones futures advance overnight.
The index had closed yesterday at 52,475, with a not so impressive gain of 97 points on the day, which made it the weakest of the three main US indexes on that close. Well, of course it is all change since then and overnight the Dow futures have priced the opening as high as 52,840. It is not quite that high right now though, but as things stand, still set to kick off higher. The opening call is around 52,760
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