Dow Futures Trapped Within Range – 21-Day MA Test Could Decide Broader Direction

From Investing.com: 2025-02-13 07:00:00

US futures traded mixed with European markets rallying on optimism regarding the Ukraine war. Energy stocks suffered from falling prices, while US inflation data and yields held back growth stocks. Attention now shifts to inflation data and retail sales. In Europe, markets hit new all-time highs as oil prices dropped, affecting energy stocks. Improved risk appetite was seen after President Trump began negotiations with Russia over Ukraine. The UK economy showed unexpected growth in Q4. Rising yields in the US could hinder stock market enthusiasm, especially for tech-heavy indices. Technical analysis shows major US indices struggling to break new highs compared to European markets. The Dow remains above key support levels, but a breakout above resistance could be imminent.



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