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Will the Dow Jones trade below 34k today?

Earlier today, I did not give much coverage on the price action of the Dow Jones yesterday, with the earlier focus being on the Nasdaq 100, so here is some colour on that now. Yesterday the Dow closed 370 points lower, at 34,070. The low on the session was set ahead of that close at 34,058. Earlier today the Dow Jones futures came close to pricing a reopening at 34k or below, but since then, the implied price has lifted from around 34,025, to above 34,125. That is just tailing off ever so slightly now, but a higher opening is still being priced for this afternoon. Now not long after the US stock market opening, we will get some quite important US PMI data. That is the same as we had earlier today from France, Germany and the UK. The markets are expecting this come in slightly higher than before for both manufacturing and services. Depending on what emerges here later, it could shape the direction for all the US equity indexes and could dictate whether or not the Dow Jones has a look below 34k ahead of the weekend 

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