Despite a bearish start to the trading week, the Dow Jones continues to trade north of the 50-day Exponential Moving Average (EMA) near 41,220. The major equity index has bounced off of the 50-day EMA several times in recent months as a bullish uptrend holds steady.

U.S. stocks were higher after the close on Wednesday, as gains in the Oil & Gas, Technology and Telecoms sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.09%,

Stock futures were lower Wednesday as investors watch developments in the Middle East and the U.S. port strike, while awaiting important labor market data in the coming days.

The Dow Jones Industrial Average (DJIA) was hamstrung near Monday’s opening bids at the start of a fresh trading week. The major equity index stuck close to the 42,200 level, with stock traders eyeing data risks and rate markets grappling with the odds of a follow-up cut from the Federal Reserve (Fed) in November.