S&P Futures Opening Update as on 06 March 2018

US PRE MARKET

The S&P 500 Futures are trading at 2,724.00  for up with +0.20%  percent or +5.50 point. Other U.S. stock futures are higher in pre-market trading for Tuesday, March 06. The Dow Futures are trading at 24,932.00 for up with +0.27% percent or +67.00 point. The Nasdaq Futures are trading at 6,903.50  for up with +0.38% percent or +26.00 point.

TUESDAY’S FACTORS AND EVENTS

The S&P 500 rose 1.1 percent to 2,720.94 after briefly trading lower, with utilities as the best-performing sector. Harley-Davidson, a closely watched stock amid the tariff news, rose 2.4 percent. The Nasdaq composite advanced 1 percent to close at 7,330.70.

 “Seeing Caterpillar and Harley-Davidson trade higher tells me that traders think this will end diplomatically,” said Quincy Krosby, chief market strategist at Prudential Financial. She also noted that the President Donald Trump’s comments on NAFTA showed “flexibility” on his part
Trump appeared to be opening the door for negotiations on tariffs. In a series of tweets Monday morning, Trump said: “Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” adding that “Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done.”

MONDAY’S ACTIVITY

U.S. market were higher on Monday. For the day the Dow Jones Industrial Average closed at 24,874.76  for up with  +1.37% percent or +336.70 point. The S&P 500 closed at 2,720.94  for up with +1.10% percent or +29.69 point. The Nasdaq Composite closed at 7,330.70 for up with +1.00% percent or  +72.84 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,546.05  for up with +0.84% percent or +12.88 point; the S&P 600 Small-Cap Index closed at 939.46  for up  with +0.73% percent or +6.78 point; the S&P 400 Mid-Cap Index closed at 1,897.67 for up with  +1.01% percent or +19.06 point; the S&P 100 Index closed at 1,201.89  for up with +1.08% percent or +12.85 point; the Russell 3000 Index closed at 1,608.61  for up with +1.08% percent or +17.23 point; the Russell 1000 Index closed at 1,507.15  for up with +1.10% percent or +16.44 point; and the Dow Jones U.S. Select Dividend Index closed at 24,874.76  for up  with +336.70 percent or  -70.92 point.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,417.76  for up with +1.79% percent or  +375.67 point. Hong Kong’s Hang Seng are trading at 30,527.34   for up with +2.14% percent or +640.95 point. China’s Shanghai Composite are trading at 3,289.64 for up  with  +1.00% percent or +32.72 point. India’s BSE Sensex are trading at 33,841.92 for up with +0.28% percent or  +95.14  point at 12:15 PM.The FTSE 100 are trading at 7,184.10  for up with +0.96% percent or  +68.12 point. Germany’s DAX are trading at 12,222.95  for up with +1.09% percent or +132.08 point. France’s CAC 40 are trading at 5,198.69  for up with +0.61% percent or +31.47 point. The Stoxx Europe 600 are trading at 373.33  for up with +0.66% percent or +0.66% point.