S&P Futures Opening Update as on 16 March 2018

US PRE MARKET

The S&P 500 Futures are trading at 2,756.25 for up  with +0.03% percent or +0.75 point. Other U.S. stock futures are mixed in pre-market trading for Friday, March 16. The Dow Futures are trading at 24,910.00  with a loss of -0.06% percent or -12.00 point. The Nasdaq Futures are trading at 7,068.75  with a loss of  -0.02% percent or -1.75 point.

FRIDAY’S FACTORS AND EVENTS

The White House is thinking about implementing tariffs on at least $30 billion of Chinese imports as part of a package of anti-China measures, the Wall Street Journal reported. Reuters also reported Tuesday that President Donald Trump may impose tariffs on $60 billion of Chinese goods.

Investors worry that other countries could retaliate by implementing their own tariffs on U.S.-made goods and sparking a trade war. This would hurt companies who do business overseas, especially large multinationals like Boeing.

THURSDAY’S ACTIVITY

U.S. market were mixed on Thursday. For the day the Dow Jones Industrial Average closed at 24,873.66 for up  with +0.47% percent or  +115.54 point. The S&P 500 closed at 2,747.33 with a loss of -0.08% percent or -2.15 point. The Nasdaq Composite closed at 7,481.74  with a loss of -0.20% percent or  -15.07 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,576.62 with a loss of –0.49% percent or -7.69 point; the S&P 600 Small-Cap Index closed at 961.21  with a loss of -0.41% percent or -3.97 point; the S&P 400 Mid-Cap Index closed at 1,922.24  with a loss of -0.36% percent or -7.04 point; the S&P 100 Index closed at 1,210.77  with a loss of -0.02% percent or -0.25 point; the Russell 3000 Index closed at 1,625.90 with a loss of -0.14% percent or  -2.29 point; the Russell 1000 Index closed at 1,522.26  with a loss of -0.11% percent or -1.71 point; and the Dow Jones U.S. Select Dividend Index closed at 24,873.66 for up with +0.47% percent or +115.54 point.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,676.51 with a loss of  -0.58% percent or  -127.44  point. Hong Kong’s Hang Seng are trading at 31,402.38 with a loss of -0.44% percent or  -138.72 point. China’s Shanghai Composite are trading at 3,269.88  with a loss of   -0.65% percent or -21.23 point. India’s BSE Sensex are trading at 33,409.04  with  a loss of -0.82% percent or – 276.50 point at 12:15 PM.The FTSE 100 are trading at 7,153.14 for up  with +0.19% percent or  +13.38 point. Germany’s DAX are trading at 12,399.52  for up with +0.44% percent or +53.96 point. France’s CAC 40 are trading at 5,273.40 for up   with +0.12% percent or +6.14 point. The Stoxx Europe 600 are trading at 377.36  for up with +0.13% percent or +0.49 point.

Updates

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