US PRE MARKET
The S&P 500 Futures are trading at 2,832.50 for up with +0.28% percent or +8.00 point. Other U.S. stock futures are higher in pre-market trading for Wednesday, January 31. The Dow Futures are trading at 26,130.00 for up with +0.31% percent or +82.00 point. The Nasdaq Futures are trading at 6,960.75 for up with +0.28% percent or +25.00 point.
WEDNESDAY’S FACTORS AND EVENTS
U.S. government debt yields rose Wednesday after consumer confidence data beat expectations and inflation fears brewed.
The yield on the benchmark 10-year Treasury note rose to 2.725 percent at 3:22 p.m. ET, while the yield on the 30-year Treasury bondrose to 2.976 percent. Bond yields move inversely to prices.
Rising yields have recently put pressure on stocks, tempting traders with more attractive returns. The 10-year yield, now at four-year highs, has added 30 basis points since the month began while the 30-year yield has added 23 basis points in January, flirting with a 3 percent return, its highest since May 16.
U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 26,076.89 with a loss of -1.37% percent or -362.59 point. The S&P 500 closed at 2,822.43 with a loss of -1.09% percent or -31.10 point. The Nasdaq Composite closed at 7,402.48 with a loss of -0.86%percent or -64.02 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,582.82 with a loss of –0.96% percent or -15.29 point; the S&P 600 Small-Cap Index closed at 964.61 with a loss of -1.00% percent or -9.73 point; the S&P 400 Mid-Cap Index closed at 1,957.46 with a loss of -1.07% percent or -21.14 point; the S&P 100 Index closed at 1,251.93 with a loss of -1.08% percent or -13.63 point; the Russell 3000 Index closed at 1,664.75 with a loss of -1.08% percent or -13.63 point; the Russell 1000 Index closed at 1,561.11 with a loss of –1.08% percent or -17.01 point; and the Dow Jones U.S. Select Dividend Index closed at 26,076.89 with a loss of -1.37% percent or -362.59 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 23,098.29 with a loss of -0.83% percent or -193.68 point. Hong Kong’s Hang Seng are trading at 32,885.54 for up with +0.85% percent or +278.25 point. China’s Shanghai Composite are trading at 3,480.83 with a loss of -0.21% percent or -7.18 point. India’s BSE Sensex are trading at 35,887.84 with a loss of -0.41% percent or -149.63 point at 12:15 PM..The FTSE 100 are trading at 7,591.86 for up with +0.05% percent or +3.88 point. Germany’s DAX are trading at 13,233.92 for up with +0.27% percent or +36.21 point. France’s CAC 40 are trading at 5,484.29 for up with +0.19% percent or +10.52 point. The Stoxx Europe 600 are trading at 396.52 for up with +0.08% percent or +0.28 point.