Dow Futures Rally Above 53,400 as Amazon and Boeing Power US Indices

The Dow Jones Futures traded around 53,400 points on August 4, indicating resilient momentum and a moderate bullish bias. The ISM manufacturing PMI rose to 55.6, exceeding expectations and signaling strong US industrial activity.

Earnings from major companies like Amazon and Boeing bolstered overall sentiment in US indices, despite concerns about high valuations. Amazon's AWS division accelerated to +37% growth, its fastest pace in 18 quarters, easing worries about the profitability of massive investments in AI.

Boeing's revenue exceeded Wall Street consensus at $24.6 billion (+8%), with positive free cash flow and an adjusted net loss due to a charge on the VC-25B program. The company delivered 171 aircraft in the quarter, its best level since 2018.