US PRE MARKET
The S&P 500 Futures are trading at 2,603.25 with a loss of -0.48% percent or -12.50 point. Other U.S. stock futures are lower in pre-market trading for Wednesday, March 28. The Dow Futures are trading at 23,762.00 with a loss of -0.41% percent or -97.00 point. The Nasdaq Futures are trading at 6,504.25 with a loss of -0.87% percent or -57.00 point.
WEDNESDAY’S FACTORS AND EVENTS
TUESDAY’S ACTIVITY
U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 23,857.71 with a loss of -1.43% percent or -344.89 point. The S&P 500 closed at 2,612.62 with a loss of -1.73% percent or -45.93 point. The Nasdaq Composite closed at 6,992.677,008.81 with a loss of -2.93% percent or -211.74 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,513.57 with a loss of —1.95% percent or -30.15 point; the S&P 600 Small-Cap Index closed at 927.86 with a loss of -1.68% percent or —15.89 point; the S&P 400 Mid-Cap Index closed at 1,851.75 with a loss of -1.47% percent or -27.71 point; the S&P 100 Index closed at 1,143.74 with a loss of -1.82% percent or -21.23 point; the Russell 3000 Index closed at 1,549.02 with a loss of -1.74% percent or -27.48 point; the Russell 1000 Index closed at 1,449.36 with a loss of -1.73% percent or -25.45 point; and the Dow Jones U.S. Select Dividend Index closed at 23,857.71 with a loss of -1.43% percent or -344.89 point.
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,031.31 with a loss of -1.34% percent or -286.01 point. Hong Kong’s Hang Seng are trading at 30,254.53 with a loss of -1.74% percent or -536.30 point. China’s Shanghai Composite are trading at 3,122.31 with a loss of -1.40% percent or -44.34 point. India’s BSE Sensex are trading at 33,043.62 with a loss of -0.39% percent or -130.77 point at 12:15 PM.The FTSE 100 are trading at 6,956.14 with a loss of -0.63% percent or -44.00 point. Germany’s DAX are trading at 11,818.24 with a loss of -1.27% percent or -152.591 point. France’s CAC 40 are trading at 5,057.35 with a loss of -1.14% percent or -58.39 point. The Stoxx Europe 600 are trading at 364.30 with a loss of -0.85% percent or -3.15 point.
U.S. government debt prices rose Wednesday as a global decline in stock markets pushed investors into perceived safer assets like long-term debt.
The yield on the benchmark 10-year Treasury note was lower at around 2.755 percent at 5:00 a.m. ET, while the yield on the 30-year Treasury bond was lower at 3.010 percent. Bond yields move inversely to prices
The latest downward move in the 10-year yield comes a week after it approached multiyear highs around 2.93 percent, immediately after the Federal Reserve hiked interest rates.
At 7 a.m. ET, mortgage applications are due, followed by the third reading of fourth-quarter gross domestic product (GDP) and advanced economic indicators — both of which are due out at 8:30 a.m. ET. Meantime at 10 a.m. ET, pending home sales are scheduled to come out.