S&P Futures Opening Update as on 09 May 2017

US PRE MARKET

The S&P 500 Futures are trading at 2,396.75 for up with +0.07% percent. Other U.S. stock futures are higher in pre-market trading for Tuesday, May 09. The Dow Futures are trading at 20,966.50 for up with +0.12% percent . The Nasdaq Futures are trading at 5,660.12 for up with +0.08% percent.

TUESDAY’S FACTORS AND EVENTS

The market is awaiting the JOLTS reports, Wholesale Trade Data, as well as a few Fed speeches scheduled for Tuesday. The impact of French elections are almost over and other political developments have negligible role for the day. Earlier trading direction of U.S. Future Index suggest that Wall Street might open in a positive note. Asian shares closed mixed, while European shares are trading higher.

On the economic front, the National Federation of Independent Business or NFIB’s Small Business Optimism Index for April was issued at 6.00 am ET. The previous level was 104.7.

The Labor Department’s Job Openings and Labor Turnover Survey or JOLTS for March will be published at 10.00 am ET.

The Commerce Department’s Wholesale Trade data for March will be issued at 10.00 am ET. The consensus is for growth of 0.2 percent, while it grew 0.4 percent in the previous month.

Asian stocks fell from a two-year high on Tuesday. Chinese shares ended flat in thin trading. The benchmark Shanghai Composite index recouped earlier losses to end 1.91 points or 0.06 percent higher at 3,080.53. Hong Kong’s Hang Seng index finished up 311.12 points or 1.27 percent at 24,889.03.

 

MONDAY’S ACTIVITY

U.S. market indexes were higher on Monday. For the day the S&P 500 closed at 2,399.38 for up with 0.09 point. The Dow Jones Industrial closed at 21,012.28 for up with +0.03% percent. The Nasdaq Composite closed at 6,102.66 for up with +0.03% percent.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,391.64 with a loss of -0.38% percent; the S&P 600 Small-Cap Index closed at 846.14 with a loss of0.33% percent; the S&P 400 Mid-Cap Index closed at 1,732.00 with a loss of  –0.38% percent; the S&P 100 Index closed at 1,062.69 for  up with +0.13% percent; the Russell 3000 Index closed at 1,421.32 with a loss of – 0.07% percent; the Russell 1000 Index closed at 1,329.68 with a loss of  –0.04% percent; and the Dow Jones U.S. Select Dividend Index closed at 21,012.28   for up with  +0.03% percent.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,843.00 with a loss of  –0.26% percent. Hong Kong’s Hang Seng are trading at 24,889.03 for up +1.27% percent. China’s Shanghai Composite are trading at 3,080.53 for up with +0.06% percent. India’s S&P BSE Sensex closed at 29,933.25 for up with +0.02% percent. In Europe, the FTSE 100 are trading at 7,352.45 for a up with +0.71% percent. Germany’s DAX are trading at 12,777.00 for up with + 0.65%% percent. France’s CAC 40 are trading at 5,399.47 for up with +0.32%% percent. The Stoxx Europe 600 are trading at 396.03 for up with  +0.51% percent.

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