US PRE MARKET
The S&P 500 Futures are trading at 2,502.75 with a loss of -0.07% percent or -1.75 point. Other U.S. stock futures are lower in pre-market trading for Thursday, September 27. The Dow Futures are trading at 22,280.50 with a loss of -0.08% percent or -17.50 point. The Nasdaq Futures are trading at -17.50 with a loss of -0.09% percent or -5.12 point.
THURSDAY’S FACTORS AND EVENTS
U.S. stock index futures pointed to a marginally lower open on Thursday morning, after U.S. President Donald Trump unveiled a massive overhaul to the tax system.
Trump announced the biggest tax reform for the U.S. in thirty years on Wednesday, proposing tax cuts for most citizens. However, the plan received some criticism for favoring the wealthier and raised doubts over its impact on the country’s deficit. U.S. bond yields jumped on the news and the dollar rose too though the latter lost some gains in late morning European trading.
U.S. market were higher on wednesday. For the day the Dow Jones Industrial Average closed at 22,340.71 for up with +0.25% percent or +56.39 point. The S&P 500 closed at 2,507.04 for up with +0.41% percent or +10.20 point. The Nasdaq Composite closed at 6,453.26 for up with +1.15% percent or +73.10 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,484.81 for up with +1.92% percent or +27.95 point; the S&P 600 Small-Cap Index closed at 899.58 for up with +2.02% percent or +17.81 point; the S&P 400 Mid-Cap Index closed at 1,790.16 for up with +0.93% percent or +16.45 point; the S&P 100 Index closed at 1,107.37 for up with +0.38% percent or +4.16 point; the Russell 3000 Index closed at1,488.37 for up with +0.53% percent or +7.91 point; the Russell 1000 Index closed at 1,390.22 for up with +0.42% percent or +5.80 point; and the Dow Jones U.S. Select Dividend Index closed at 22,340.71 for up with +0.25% percent or +56.39 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,363.11 for up with +0.47% percent or +96.06 point. Hong Kong’s Hang Seng are trading at 27,460.95 with a loss of –0.66% percent or – 181.48 point. China’s Shanghai Composite are trading at 3,339.64 with a loss of –0.17% percent or –5.63 point. India’s BSE Sensex are trading at 31,182.97 for up with +0.07% percent or +23.16 point at 12:15 PM.The FTSE 100 are trading at 7,297.20 with a loss of -0.22% percent or –15.85 point. Germany’s DAX are trading at 12,697.52 for up with +0.32% percent or +40.11 point. France’s CAC 40 are trading at 5,284.29 for up with +0.04% percent or +2.33 point. The Stoxx Europe 600 are trading at 385.34 with a loss of -0.06% percent or -0.22 point.