US PRE MARKET
The S&P 500 Futures are trading at 2,779.50 with a loss of -0.18% percent or -5.00 point. Other U.S. stock futures are higher in pre-market trading for Tuesday, February 27. The Dow Futures are trading at 25,734.00 with a loss of -0.09% percent or -24.00 point. The Nasdaq Futures are trading at 6,987.00 with a loss of -0.19% percent or -13.25 point.
TUESDAY’S FACTORS AND EVENTS
MONDAY’S ACTIVITY
U.S. market were higher on Monday. For the day the Dow Jones Industrial Average closed at 25,709.27 for up with +1.58% percent or +399.28 point. The S&P 500 closed at 2,779.60 for up with +1.18% percent or +32.30 point. The Nasdaq Composite closed at 7,421.46 for up with +1.15% percent or 84.07 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,559.33 for up with +0.65% percent or +10.15 point; the S&P 600 Small-Cap Index closed at 952.76 for up with +0.66% percent or +6.21 point; the S&P 400 Mid-Cap Index closed at 1,914.93 for up with +0.56% percent or +10.70 point; the S&P 100 Index closed at 1,232.49 for up with +1.41% percent or +17.14 point; the Russell 3000 Index closed at 1,639.17 for up with +1.07% percent or +17.43 point; the Russell 1000 Index closed at 1,537.06 for up with +1.11% percent or +16.85 point; and the Dow Jones U.S. Select Dividend Index closed at 25,709.27 for up with +1.58% percent or +399.28 point.
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 22,389.86 for up with +1.07% percent or +236.23 point. Hong Kong’s Hang Seng are trading at 31,361.42 with a loss of -0.44% percent or -137.18 point. China’s Shanghai Composite are trading at 3,292.07 with a loss of -1.13% percent or -37.51 point. India’s BSE Sensex are trading at 34,336.98 with a loss of -0.32% percent or -108.77 point at 12:15 PM.The FTSE 100 are trading at 7,298.52 for up with +0.12% percent or +8.94 point. Germany’s DAX are trading at 12,520.81 with a loss of -0.05% percent or -6.23 point. France’s CAC 40 are trading at 5,357.72 for up with +0.25% percent or +13.47 point. The Stoxx Europe 600 are trading at 383.11 with a loss of -0.04 percent or -0.01% point.
The Dow and S&P 500 have more than halved their correction losses. From the Dow and S&P’s 52-week intraday highs, the indexes are down 3.4 percent and 3.25 percent respectively through Yesterday’s close.
The Nasdaq composite, meanwhile, climbed 1.15 percent to finish at 7,421.46 thanks to a nearly 2 percent rally in Apple shares and a 2.8 percent gain in Intel. The Cboe Volatility index (VIX) — the market’s best fear gauge — hit a low of 15.97 in a choppy session, its lowest level since Feb. 2.
“The economy is still in acceleration mode. That’s true here and generally overseas,” said Maris Ogg, president at Tower Bridge Advisors. “I don’t really see things getting out of whack or an economic imbalance that would suggest you’re nearing the end of the uptrend.”