US PRE MARKET
The S&P 500 Futures is trading at 2,807.75 up with +0.16% percent or +4.50 point. Other U.S. stock futures higher in pre-market trading for Tuesday, July 31. The Dow Futures is trading at 25,296.00 up with +0.04% percent or +11.00 point.The Nasdaq Futures is trading at 7,207.75 up with +0.10% percent or +7.25 point.
TUESDAY’S FACTORS AND EVENTS
For the day the Dow is trading at 25,306.83 with a loss of -0.57% percent or -144.23 point. The S&P 500 is trading at 2,802.60 with a loss of -0.58% percent or -16.22 point. The Nasdaq Composite is trading at 7,630.00 with a loss of -1.39% percent or -107.42 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,653.13 with a loss of -0.61% percent or –10.21 point; the S&P 600 Small-Cap Index closed at 1,036.56 with a loss of -0.46% percent or -4.74 point; the S&P 400 Mid-Cap Index closed at 1,966.41 with a loss of -0.45% percent or -8.81 point; the S&P 100 Index closed at 1,237.63 with a loss of -0.50% percent or -6.20 point; the Russell 3000 Index closed at 1,661.45 with a loss of -0.63% percent or -10.55 point; the Russell 1000 Index closed at 1,552.11 with a loss of -0.63% percent or -9.88 point;
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,553.72 up with +0.039% percent or+8.88 point. Hong Kong’s Hang Seng is trading at 28,604.76 with a loss of -0.45% percent or -128.37 point. China’s Shanghai Composite is trading at 2,876.40 up with +0.26% percent or +7.35 point. India’s BSE Sensex is trading at 37,429.71 with a loss of – 0.17% percent or -64.69 point at 12:15 PM.The FTSE 100 is trading at 7,754.21 up with +0.69% percent or +53.36 point. Germany’s DAX is trading at 12,803.61 up with +0.042% percent or +5.41 point. France’s CAC 40 is trading at 5,495.83 up with +0.084% percent or +4.61 point. The Stoxx Europe 600 is trading at 391.65 up with +0.19% percent or +0.73 point.
U.S. government debt prices posted solid gains on Tuesday.
The yield on the benchmark 10-year Treasury note was lower at around 2.948 percent at 5:50 a.m. ET, while the yield on the 30-year Treasury bond was in the red at 3.070 percent. Bond yields move inversely to prices.
Tuesday will see the start of a two-day central bank meeting, while a slew of economic data is due.
Market watchers will be monitoring the Federal Open Market Committee’s (FOMC) summer meeting. A policy decision is set to be announced Wednesday afternoon, which should reveal whether the Fed decides to change its stance in August.
Investors are not expecting a rise in interest rates, however, talk of trade or where the Federal Reserve is thinking of heading could be up for discussion.
MONDAY’S ACTIVITY