US PRE MARKET
The S&P 500 Futures are trading at 2,690.25 for up with +0.09% percent or +2.50 point. Other U.S. stock futures are higher in pre-market trading for Friday, December 22. The Dow Futures are trading at 24,804.00 for up with +0.10% percent or +26.00 point. The Nasdaq Futures are trading at 6,495.13 for up with +0.05% percent or +3.37 point.
FRIDAY’S FACTORS AND EVENTS
U.S. government debt prices were lower on Friday, on the last trading day ahead of the Christmas holiday break.
The yield on the benchmark 10-year Treasury note was higher at around 2.486 percent at 5:50 a.m. ET, while the yield on the 30-year Treasury bond was up at 2.846 percent. Bond yields move inversely to prices.
On Wednesday, a major hurdle surrounding overhauling the U.S. tax code was conquered after House Republicans voted to approve tax reform, consequently meaning that the legislation can be sent to President Donald Trump’s desk by Christmas.
The news boosted markets in the States Thursday, as well as announcements that some U.S. companies would spend the tax bill savings on higher wages and new construction.
U.S. market were higher on Thursday. For the day the Dow Jones Industrial Average closed at 24,782.29 for up with +0.23% percent or +55.64 point. The S&P 500 closed at 2,684.57 for up with +0.20% percent or +5.32 point. The Nasdaq Composite closed at 6,965.36 for up with +0.06% percent or +4.40 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,547.11 for up with +0.46% percent or +7.03 point; the S&P 600 Small-Cap Index closed at 942.16 for up with +0.42% percent or +3.96 point; the S&P 400 Mid-Cap Index closed at 1,905.18 for up with +0.27% percent or +5.22 point; the S&P 100 Index closed at 1,190.39 for up with +0.32% percent or +3.82 point; the Russell 3000 Index closed at 1,589.03 for up with +0.23% percent or +3.61 point; the Russell 1000 Index closed at 1,487.23 for up with +0.21% percent or +3.10 point; and the Dow Jones U.S. Select Dividend Index closed at 24,782.29 for up with +0.23% percent or +55.64 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 22,902.76 for up with +0.16% percent or +36.66 point. Hong Kong’s Hang Seng are trading at 29,523.67 for up with +0.53% percent or +156.61 point. China’s Shanghai Composite are trading at 3,297.06 with a loss of –0.09% percent or –3.00 point. India’s BSE Sensex are trading at 33,940.45 for up with +0.55% percent or +184.50 point at 12:15 PM.The FTSE 100 are trading at 7,608.42 for up with +0.06% percent or +3.85 point. Germany’s DAX are trading at 13,082.60 with a loss of –0.21% percent or –27.14 point. France’s CAC 40 are trading at 5,367.50 with a loss of –0.34% percent or –18.47 point. The Stoxx Europe 600 are trading at 390.40 with -0.07% percent or -0.25 point.