S&P Futures Opening Update as on 21 February 2018

US PRE MARKET

The S&P 500 Futures are trading at 2,711.50  with a loss of -0.09% percent or -2.50 point. Other U.S. stock futures are mixed in pre-market trading for Wednesday, February 21. The Dow Futures are trading at 24,917.00  with a loss of  -0.12% percent or -31.00 point. The Nasdaq Futures are trading at 6,797.25 for up with +0.10% percent or +6.75 point.

WEDNESDAY’S FACTORS AND EVENTS

The 2-year Treasury note yield hit its highest level in nearly 10 years after the release of hotter-than-expected inflation data.

The 2-year yield topped 2.248 percent, its highest level since Sept. 22, 2008, when it yielded as high as 2.263 percent.

The yield on the benchmark 10-year Treasury note was higher at around 2.89 percent at 4:03 p.m. ET, while the yield on the 30-year Treasury bond was higher at 3.151 percent. Bond yields move inversely to prices.

With markets closed Tuesday for President’s Day, bonds and U.S. stocks are reopening for trade on Wednesday. Inflation continues to be the primary suspect in the recent uptick in yields, with wage and inflation data sparking volatility in equity markets worldwide over the past few weeks

TUESDAY’S ACTIVITY

U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 24,964.75 with a loss of -1.01% percent or -254.63 point. The S&P 500 closed at 2,716.26 with a loss of -0.58% percent or  -15.96 point. The Nasdaq Composite closed at 7,234.31 with a loss of -0.07% percent or -5.16 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,529.99  with a loss of -0.88% percent or -13.56 point; the S&P 600 Small-Cap Index closed at 932.94  with a loss of -0.97% percent or -9.11 point; the S&P 400 Mid-Cap Index closed at 1,888.27 with a loss of -0.68% percent or – 12.92 point; the S&P 100 Index closed at  1,200.71 with a loss of -0.68% percent or -8.17 point; the Russell 3000 Index closed at 1,603.98 with a loss of -0.59% percent or  9.57 point; the Russell 1000 Index closed at 1,503.74  with a loss of -0.57% percent or -8.62 point; and the Dow Jones U.S. Select Dividend Index closed at  24,964.75  with a loss of -1.01%  percent or  -254.63 point.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,970.81  for up with +0.21% percent or  +45.71 point. Hong Kong’s Hang Seng are trading at 31,439.04 for up with +1.83% percent or +565.41 point. China’s Shanghai Composite are trading at 3,199.16 for up with +0.45% percent or +14.20 point. India’s BSE Sensex are trading at 33,750.16 for up with +0.14% percent or +46.57  point at 12:15 PM.The FTSE 100 are trading at 7,231.33  with a loss of  -0.21% percent or  -15.44 point. Germany’s DAX are trading at 12,419.18  with a loss of  -0.55% percent or  -68.72 point. France’s CAC 40 are trading at 5,273.40 with a loss of -0.31% percent or -16.45 point. The Stoxx Europe 600 are trading at 378.78  with a loss of -0.46% percent or -1.76 point.