S&P Futures Opening Update as on 30 May 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,705.50 up with +0.49% percent or +13.25 point. Other U.S. stock futures  higher in pre-market trading for Wednesday, May 30. The Dow Futures is trading at 24,516.00  up with +0.57% percent or  +139.00 point.The Nasdaq Futures is trading at 6,967.50 up with +0.33% percent or  +19.00 point.

WEDNESDAY’S FACTORS AND EVENTS

U.S. government debt prices were lower Wednesday morning, as investors continued to monitor Italy’s ongoing power struggle.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.8387 percent, while the yield on the 30-year Treasury bond was also higher at 3.0175 percent.

Italy’s political woes have rattled global financial markets in recent sessions, amid renewed concerns over the prospect that snap elections in Rome could be framed as a de facto referendum on the country’s role in Europe.

On the data front, ADP payrolls data are due at 8:15 a.m. ET while a second reading of first-quarter GDP will come out at 8.30 a.m. ET. Meanwhile, the Federal Reserve will release its Beige Book at 2 p.m. ET.

TUESDAY’S ACTIVITY

For the day the Dow is trading at 24,361.45 with a loss of -1.58% percent or -391.64 point. The S&P 500 is trading at 2,689.86  with a loss of  -1.16% percent or -31.47 point. The Nasdaq Composite is trading at 7,396.59 with a loss of -0.50% percent or -37.26 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,623.65 with a loss of   -0.20%  percent or  -3.28 point; the S&P 600 Small-Cap Index closed at 1,004.17 with a loss of -0.047% percent or  -0.47 point; the S&P 400 Mid-Cap Index closed at 1,939.24 with a loss of  -0.39% percent or -7.63 point; the S&P 100 Index closed at 1,180.34 with a loss of -1.19% percent or  -14.19 point; the Russell 3000 Index closed at 1,601.62 with a loss of -1.01% percent or  -16.39 point; the Russell 1000 Index closed at 1,493.93 with a loss of -1.08% percent or -16.34 point;

WORLD MARKETS

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,018.52 with a loss of -1.52% percent or -339.91 point. Hong Kong’s Hang Seng is trading at 30,012.90 with a loss of -1.55% percent or  -471.68 point. China’s Shanghai Composite is trading at 3,041.64 with a loss of  -2.53% percent or  -78.82 point. India’s BSE Sensex is trading at 34,852.64 with a loss of -0.27% percent or  -96.04  point at 12:15 PM.The FTSE 100 is trading at 7,656.04 up with +0.31% percent or +23.93 point. Germany’s DAX is trading at 12,729.44 up with +0.50% percent or  +62.93 point. France’s CAC 40 is trading at 5,423.21  with a loss of -0.27% percent or -14.84 point. The Stoxx Europe 600 is trading at 384.97 up with +0.13% percent or +0.59 point.

Updates

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