S&P Futures Opening Update as on 28 March 2018

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

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.

 Wednesday is expected to see a slew of economic data.

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.

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.

Updates

spfutures.org_updates@imediaone.com

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