S&P Futures Opening Update as on 28 June 2017

US PRE MARKET

The S&P 500 Futures are trading at 2,424.00 for up with  +0.14% percent or +3.50 point. Other U.S. stock futures are lower in pre-market trading for Wednesday, June 28. The Dow Futures are trading at 21,313.50 for up with  +0.11% percent or +22.50 point. The Nasdaq Futures are trading at 5,669.62 with a loss of -0.12% percent or -6.88 point.

WEDNESDAY’S FACTORS AND EVENTS

U.S. government debt prices extended losses on Wednesday, as investors geared up for more economic releases, while digesting recent comments made by Federal Reserve members.

The yield on the benchmark 10-year Treasury note sat sharply higher at around 2.244 percent at 7:08 a.m. ET, while the yield on the 30-year Treasury bond was up at 2.793 percent. Bond yields move inversely to prices.

In the central bank sphere, investors are likely to be digesting the comments made by Federal Reserve Chair Janet Yellen on Tuesday, when she told an audience in London that she did not expect to see another financial crisis during her lifetime, giving credit to the reforms seen in the banking system since late 2000s crash.

 Meanwhile, San Francisco Fed President John Williams spoke in Canberra, Australia on Wednesday, about the causes and consequences of the global growth slump.

Comments from the Fed officials followed remarks made by European Central Bank President Mario Draghi, in which he said the European economy was “strengthening and broadening.”

TUESDAY’S ACTIVITY

U.S. market indexes were lower on Tuesday For the day  The S&P 500 closed at 2,419.38  with a loss of –0.81% percent or –19.69 point. the Dow Jones Industrial Average closed at 21,310.66 with  a loss of –0.46% percent or –98.89 point. The Nasdaq Composite closed at 6,146.62 with a loss of –1.61% percent or –100.53 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,403.52  with a loss of -0.93% percent or -13.12 point; the S&P 600 Small-Cap Index closed at 847.58  with a loss of  –0.80% percent or –6.86 point; the S&P 400 Mid-Cap Index closed at 1,736.58   with a loss of –0.81% percent or –14.17 point; the S&P 100 Index closed at 1,066.36 with a loss of –0.83% percent or –8.90 point; the Russell 3000 Index closed at 1,433.44 with a loss of -0.84% percent or -12.08 point; the Russell 1000 Index closed at 1,341.03 with a loss of -0.83% percent or -11.20 point; and the Dow Jones U.S. Select Dividend Index closed at 21,310.66  with a loss of  –0.46% percent or –98.89 point.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,130.41 with a loss of -0.47% percent or –94.68 point. Hong Kong’s Hang Seng are trading at 25,683.50 with a loss of –0.61% percent or –156.49 point. China’s Shanghai Composite are trading at 3,173.20  with a loss of  –0.56% percent or –18.00 point. India’s S&P BSE Sensex are trading at 30,834.32 with a loss of –0.40% percent or –123.93 point at 12:26 PM. In Europe, the FTSE 100 are trading at 7,434.20 with  0.00% percent or –0.16 point. Germany’s DAX are trading at 12,612.74 with a loss of –0.46% percent or –58.28 point. France’s CAC 40 are trading at 5,245.45 with a loss of –0.25% percent or –13.13 point. The Stoxx Europe 600 are trading at 384.56 with a loss of -0.34% percent or -1.31  point.

S&P Futures Updates

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