The Dow Jones Industrial Average is poised to stabilize near its monthly lows on Friday, with pre-market indicators pointing to a modest rebound of 0.6% to 53,070 points.
Broker IG Markets’ pre-open assessment reflects a tempering of recent pressure on U.S. equities, driven in part by a pause in oil price increases and reduced volatility in Treasury yields. The stabilization follows a sharp pullback in the benchmark index, which peaked at a record 54,744 points on August 5 before shedding nearly 2,000 points, or 3.6%, in subsequent sessions.
The August trading period has been marked by pronounced volatility, with the Dow’s intraday swings reflecting broader market uncertainty. Technology stocks led pre-market gains, with shares of Tesla, Micron, Intel, AMD, and Broadcom all trading higher. The tech-heavy Nasdaq 100 was indicated up 0.6% at 29,400 points.
Among individual movers, discount retailer Ross Stores surged more than 7% in pre-market trading after raising its full-year profit guidance following a strong quarter. The company operates nearly 2,000 U.S. stores.
Analysts cited the stabilization in oil prices and calmer bond markets as key factors supporting a tentative rebound in equities, though broader macroeconomic risks remain a watchpoint for investors.
