US PRE MARKET
The S&P 500 Futures are trading at 2,467.25 with a loss of -0.09% percent or -2.25 point. Other U.S. stock futures are lower in pre-market trading for Monday, July 24. The Dow Futures are trading at 21,507.00 with a loss of -0.05% percent or -11.00 point. The Nasdaq Futures are trading at 5,912.50 with a loss of -0.11% percent or -5.50 point.
MONDAY’S FACTORS AND EVENTS
The major U.S. index futures are pointing to a lower opening on Monday. Existing home sales data to be released today is the major highlight of the day. Asian shares closed broadly higher while European shares are trading in the red.
As of 6.30 am ET, the Dow futures were slipping 16 points, the S&P 500 futures were shedding 3.25 points and the Nasdaq 100 futures were slipping 5 points.
In the corporate sector, Stanley Black and Decker (SWK) reported second quarter net profit of $277.2 million from $271.5 million a year ago. Earnings per share were $1.82, compared to $1.84 last year. Revenue for the quarter climbed 10 percent to $3.2 billion. Looking ahead to the full year 2017, the company now expects earnings of $8.05 to $8.05, up from its earlier projection of $7.95 to $8.15. on an adjusted basis, earnings is expected to be in a range of $7.18 to $7.38.
FRIDAY’S ACTIVITY
U.S. market were lower on Friday. For the dayThe S&P 500 closed at 2,472.54 with a loss of – 0.04% percent or –0.91 point. The Dow Jones Industrial Average closed at 21,580.07 with a loss of –0.15% percent or –31.71 point.The Nasdaq Composite closed at 6,387.75 with a loss of –0.04% percent or –2.25 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,435.84 with a loss of -0.45% percent or -6.52 point; the S&P 600 Small-Cap Index closed at 868.25 with a loss of –0.46% percent or –4.02 point; the S&P 400 Mid-Cap Index closed at 1,773.92 with a loss of –0.26% percent or – 4.69 point; the S&P 100 Index closed at 1,087.74 with a loss of-0.14% percent or –1.52 point; the Russell 3000 Index closed at 1,464.69 with a loss of –0.07% percent or –1.09 point; the Russell 1000 Index closed at 1,370.12 with a loss of-0.04% percent or –0.59 point; and the Dow Jones U.S. Select Dividend Index closed at 21,580.07 with a loss of –0.15% percent or –31.71point.
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,975.67 with a loss of –0.62% percent or –124.08 point. Hong Kong’s Hang Seng are trading at 26,819.96 for up with +0.43% percent or +113.87 point. China’s Shanghai Composite are trading at 3,256.31 for up with +0.57% percent or +18.33 point. India’s S&P BSE Sensex are trading at 32,218.55 for up with +0.59% percent or +189.66 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,382.48 with a loss of –0.95% percent or –70.43 point. Germany’s DAX are trading at 12,190.89 with a loss of –0.40% percent or –49.17 point. France’s CAC 40 are trading at 5,118.97 for up with +0.03% percent or +1.31 point. The Stoxx Europe 600 are trading at 378.81 with a loss of -0.35% percent or -1.34 point.