Dow Jones Today: Stock Futures Pointing to Lower Open; Boeing, GE Aerospace Shares Down After Air India Crash

Stock futures are lower Thursday as investors await more signs of progress on trade negotiations and respond to fresh economic data.

Futures tied to the Dow Jones Industrial Average were down 0.4% recently, as shares of Dow component Boeing (BA) tumbled following news of a deadly passenger plane crash in India. Futures linked to the S&P 500 and the tech-heavy Nasdaq each dropped 0.3% this morning, after the indexes had three-day winning streaks snapped yesterday.

Stocks have rallied in recent months—the S&P 500 enters the day just 2% away from a record high—amid investor hopes that the Trump administration will negotiate trade deals that result in lower tariffs, as well as optimism about generally strong corporate earnings and economic data. This week, U.S. and Chinese officials reached the framework for a trade agreement that still requires final approval from President Donald Trump and China’s Xi Jinping, while a closely watched report on inflation showed that consumer prices rose less than expected in May.

This morning, data on inflation at the wholesale level came in slightly better than expected, while weekly jobless claims numbers matched economists’ estimates. Meanwhile, market participants are awaiting more news on the China trade agreement, as well as dozens of other deals the White House has said it is negotiating.

Boeing shares dropped about 6% in premarket trading after an Air India 787-8 carrying more than 200 passengers crashed shortly after takeoff in India. Shares of GE Aerospace (GE), which supplied the plane’s engine, were down more than 2%, as were shares of Boeing supplier Spirit AeroSystems (SPR).

Shares of the world’s largest technology companies were mostly lower this morning. Chipmakers Nvidia (NVDA) and Broadcom (AVGO) were each down about 1%, as was EV maker Tesla (TSLA), which comes into today’s session on a four-day winning run. Amazon (AMZN), Alphabet (GOOG) and Meta Platforms (META) also lost ground, while Apple (AAPL) and Microsoft (MSFT) inched higher.

Among other notable movers, shares of Oracle (ORCL) soared more than 8% ahead of the bell after the tech giant reported better-than-expected quarterly results and projected strong revenue growth.

The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was down 0.8% at 97.86 in recent trading, after falling as low as 97.60, its lowest level since 2022, amid the trade uncertainty.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of consumer and business loans, was at 4.36%, down from 4.41% at Wednesday’s close and 4.51% yesterday morning.

Bitcoin was at $107,000, down from around $108,500 yesterday afternoon. The digital currency moved as high as $110,500 on Wednesday, approaching its record high of just below $112,000, set on May 22.

West Texas Intermediate futures, the U.S. crude oil benchmark, fell 1.6% to $67.10 per barrel, after surging more than 5% yesterday amid geopolitical concerns. Gold futures were up 1.9% to $3,405 an ounce, trading at their highest level in a month, as some investors turned to the traditional safe haven amid the downturn in equities.