US PRE MARKET
The S&P 500 Futures are trading at 2,461.50 for up with +0.07% percent or +1.75 point. Other U.S. stock futures are lower in pre-market trading for Wednesday, September 06. The Dow Futures are trading at 21,784.00 for up with +0.09% percent or +20.00 point. The Nasdaq Futures are trading at 5,951.25 for up with +0.20% percent or +10.63 point.
WEDNESDAY’S FACTORS AND EVENTS
U.S. government debtyields were slightly higher Wednesday, as investors analyzed latest data ahead of the European Central Bank (ECB) Governing Council meeting on Thursday.
The yield on the benchmark 10-year Treasury note sat higher at around 2.077 percent at 7:27 a.m. ET, while the yield on the 30-year Treasury bond was up at 2.694 percent. Bond yields move inversely to prices.
Yesterday, the 10-year note hit a low of 2.079 percent, its lowest level since November 2016, when it yielded as low as 1.991 percent.
Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower.
TUESDAY’S ACTIVITY
U.S. market were lower on Tuesday. For the day The Dow Jones Industrial Average closed at 21,753.31 with a loss of –1.07% percent or –234.25 point. The S&P 500 closed at 2,457.85 with a loss of –0.76% percent or –18.70 point. The Nasdaq Composite closed at 6,375.57 with a loss of –0.93% percent or –59.76 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,399.66 with a loss of -0.98% percent or -13.92 point; the S&P 600 Small-Cap Index closed at 837.93 with a loss of –1.08% percent or –9.12 point; the S&P 400 Mid-Cap Index closed at 1,718.34 with a loss of –1.12% percent or –19.45 point; the S&P 100 Index closed at 1,086.74 with a loss of –0.78% percent or –8.51 point; the Russell 3000 Index closed at 1,453.70 with a loss of –0.80% percent or –11.75 point; the Russell 1000 Index closed at 1,361.85 with a loss of –0.79% percent or –10.80 point; and the Dow Jones U.S. Select Dividend Index closed at 21,753.31 with a loss of –1.07% percent or –234.25 point.
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,385.81 with a loss of –0.63% percent or –122.44 point. Hong Kong’s Hang Seng are trading at 27,693.98 with a loss of –0.17% percent or –46.28 point. China’s Shanghai Composite are trading at 3,381.52 for up with +0.06% percent or +1.94 point. India’s S&P BSE Sensex are trading at 31,684.64 with a loss of –0.06% percent or –17.61 point at 12:15 PM . In Europe, The FTSE 100 are trading at 7,342.20 with a loss of –0.42% percent or –30.72 point. Germany’s DAX are trading at 12,132.06 for up with +0.07% percent or +8.35 point. France’s CAC 40 are trading at 5,077.87 with a loss of –0.17% percent or –8.68 point. The Stoxx Europe 600 are trading at 372.57 with a loss of -0.31% percent or -1.14 point.