US PRE MARKET
The S&P 500 Futures are trading at 2,686.00 with 0.00% percent or 0.00 point. Other U.S. stock futures are lower in pre-market trading for Tuesday, December 26. The Dow Futures are trading at 24,749.00 with a loss of -0.07% percent or -17.00 point. The Nasdaq Futures are trading at 6,476.75 with a loss of -0.11% percent or -7.00 point.
TUESDAY’S FACTORS AND EVENTS
Trump signed a bill on Yesterday that slashes the corporate tax rate to 21 percent from 35 percent. The president was able to sign the bill after Congress approved another bill to keep the federal government funded through Jan. 19.
Investors have been eagerly awaiting this, as they bet that lower taxes will boost companies’ bottom lines.
Ben Snider, a strategist at Goldman Sachs, said in a note Tesday, said he expects the tax bill to lift S&P 500 earnings by 5 percent.
U.S. market were lower on Monday. For the day the Dow Jones Industrial Average closed at 24,754.06 with a loss of –0.11% percent or –28.23point. The S&P 500 closed at 2,683.34 with a loss of –0.05% percent or –1.23 point. The Nasdaq Composite closed at 6,959.96 with a loss of –0.08% percent or –5.40 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,542.93 with a loss of -0.27% percent or -4.18 point; the S&P 600 Small-Cap Index closed at 939.34 with a loss of -0.30% percent or -2.82 point; the S&P 400 Mid-Cap Index closed at 1,904.58 with a loss of -0.03% percent or -0.60 point; the S&P 100 Index closed at 1,189.02 with a loss of -0.12% percent or -1.37 point; the Russell 3000 Index closed at 1,588.25 with a loss of –0.05% percent or –0.79 point; the Russell 1000 Index closed at 1,486.77 with a loss of -0.03% percent or -0.47 point; and the Dow Jones U.S. Select Dividend Index closed at 24,754.06 with a loss of –0.11% percent or –28.23 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 22,892.69 with a loss of –0.20% percent or –46.49 point. Hong Kong’s Hang Seng are trading at 29,578.01 for up with +0.72% percent or +210.95point. China’s Shanghai Composite are trading at 3,306.12 for up with +0.78% percent or +25.66 point. India’s BSE Sensex are trading at 33,898.95 with a loss of –0.12% percent or –41.35 point at 12:15 PM.The FTSE 100 are trading at 7,592.66 with a loss of –0.15% percent or –11.32 point. Germany’s DAX are trading at 13,072.79 with a loss of –0.28% percent or –36.95 point. France’s CAC 40 are trading at 5,364.72 with a loss of –0.39% percent or –21.25 point. The Stoxx Europe 600 are trading at 390.28 with -0.10% percent or -0.41 point.