US PRE MARKET
The S&P 500 Futures is trading at 2,718.00 with a loss of -0.03% percent or -0.75 point. Other U.S. stock futures lower in pre-market trading for Friday, May 11. The Dow Futures is trading at 24,698.00 up with +0.02% percent or +6.00 point. The Nasdaq Futures is trading at 6,956.25 with a loss of -0.13% percent or -8.75 point.
FRIDAY’S FACTORS AND EVENTS
THURSDAY’S ACTIVITY
U.S. market were higher on Thursday.For the day the Dow is trading at 24,739.53 up with +0.80% percent or +196.99 point. The S&P 500 is trading at 2,723.07 up with +0.94% percent or +25.28 point. The Nasdaq Composite is trading at 7,404.97 up with +0.89% percent or +65.07 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,603.71 up with +0.48% percent or +7.66 point; the S&P 600 Small-Cap Index closed at 985.78 up with +0.58% percent or +5.65 point; the S&P 400 Mid-Cap Index closed at 1,937.91 up with +0.73% percent or +14.02 point; the S&P 100 Index closed at 1,197.16 up with +0.97% percent or +11.47 point; the Russell 3000 Index closed at 1,616.38 up with +0.86% percent or +13.80 point; the Russell 1000 Index closed at 1,510.45 up with +0.89% percent or +13.37 point;
WORLD MARKETS
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,758.48 up with +1.16% percent or +261.30 point. Hong Kong’s Hang Seng is trading at 31,119.25 up with +1.00% percent or +309.36 point. China’s Shanghai Composite is trading at 3,163.26 with a loss of -0.35% percent or -11.15 point. India’s BSE Sensex is trading at 35,355.42 up with +0.31% percent or +109.15 point at 12:15 PM.The FTSE 100 is trading at 7,698.89 with a loss of -0.027% percent or -2.08 point. Germany’s DAX is trading at 13,005.59 with a loss of -0.14% percent or -17.79 point. France’s CAC 40 is trading at 5,528.13 with a loss of -0.32% percent or -17.82 point. The Stoxx Europe 600 is trading at 391.94 with 0.00% percent or –0.01 point.
The Labor Department also reported Thursday that weekly jobless claims remained near a 48-year low at 211,000.
The moves Friday after U.S. stocks posted strong gains in the previous session, boosted by a strong uptick in crude futures. Oil prices have been on the rise since Tuesday, when the U.S. announced that it would be withdrawing from the Iran nuclear accord set in place in 2015.
Energy stocks have been rising along with oil. The sector is up more than 9 percent in the past month. But Derek Green, wealth adviser at Titus Wealth Management, said he would “fade” the rally at this point. “We’re in the seasonal period where energy starts to peak,” he said. “Moving forward, you want to get more defensive as we get closer to the midterm elections.”