US PRE MARKET
The S&P 500 Futures are trading at 2,438.21 with a loss of -1.45% percent or -35.81 point. Other U.S. stock futures are higher in pre-market trading for Friday, August 11. The Dow Futures are trading at 21,844.00 with a loss of -0.93% percent or -204.69 point. The Nasdaq Futures are trading at 6,216.87 with a loss of -2.13% percent or -135.46 point.
FRIDAY’S FACTORS AND EVENTS
U.S. Treasury yields were lower on Friday as President Donald Trump suggested his “fire and fury” statement on North Korea was perhaps not tough enough.
The yield on the benchmark 10-year Treasury note traded at 2.192 percent at 6:54 a.m. ET, while the yield on the 30-year Treasury bond was lower at 2.777 percent. Bond yields move inversely to prices.
Markets worldwide have been tense this week as geopolitical tensions between North Korea and the U.S. continue to heat up.
Over the past few trading sessions, investors have been seen to be taking shelter in safe haven government bonds as markets fret over the rising tensions.
“The people of this country should be very comfortable, and I will tell you this: If North Korea does anything in terms of even thinking about attack, of anybody that we love or we represent or our allies or us, they can be very, very nervous,” Trump said.
U.S. market were lower on Thursday. For the day The Dow Jones Industrial Average closed at 21,844.01 with a loss of –0.93% percent or –204.69 point.The S&P 500 closed at 2,438.21 with a loss of –1.45% percent or –35.81 point.The Nasdaq Composite closed at 6,216.87 with a loss of –2.13% percent or –135.46 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,372.54 with a loss of -1.75% percent or -24.40 point; the S&P 600 Small-Cap Index closed at 831.33 with a loss of –1.50% percent or –12.67 point; the S&P 400 Mid-Cap Index closed at 1,707.83 with a loss of –1.62% percent or –28.11 point; the S&P 100 Index closed at 1,079.89 with a loss of –1.39% percent or –15.25 point; the Russell 3000 Index closed at 1,439.16 with a loss of –1.49% percent or –21.70 point; the Russell 1000 Index closed at 1,349.25 with a loss of –1.46% percent or –20.05 point; and the Dow Jones U.S. Select Dividend Index closed at 21,844.01 with a loss of –0.93% percent or –204.69 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,729.74 with a loss of –0.05% percent or –8.97 point. Hong Kong’s Hang Seng are trading at 26,883.51 with a loss of –2.04% percent or –560.49 point. China’s Shanghai Composite are trading at 3,208.54 with a loss of –1.63% percent or –53.21 point. India’s S&P BSE Sensex are trading at 31,213.59 with a loss of –1.01% percent or –317.74 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,306.43 with a loss of –1.13% percent or –83.51 point. Germany’s DAX are trading at 11,984.98 with a loss of –0.24% percent or –29.32 point. France’s CAC 40 are trading at 5,057.79 with a loss of –1.12% percent or –57.44 point. The Stoxx Europe 600 are trading at 372.21 with a loss of -1.02% percent or -3.84 point.