S&P Futures Opening Update as on 18 September 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,901.75 up with +0.20% percent or +5.75 point. Other U.S. stock futures  higher in pre-market trading for  September 18. The Dow Futures is trading at 26,159.00  up with +0.22% percent or  +57.00 point. The Nasdaq Futures is trading at 7,486.75  up with +0.29% percent or +21.75 point.

TUESDAY’S FACTORS AND EVENTS

U.S. government debt prices showed a mixed picture on Tuesday.

The yield on the benchmark 10-year Treasury note was lower at around 2.995 percent at 5:35 a.m. ET, while the yield on the 30-year Treasury bond was a touch higher at 3.139 percent. Bond yields move inversely to prices.

Market jitters escalated in the last 24 hours, as trade relations between the U.S. and China took a turn for the worse.

On Monday, the U.S. administration announced that the States would inflict 10 percent tariffs on $200 billion worth of Chinese imports, of which those duties would end up rising to 25 percent by year-end.

MONDAY’S ACTIVITY

For the day the Dow is trading at 26,062.12  with a loss of -0.35% percent or -92.55 point. The S&P 500 is trading at 2,888.80   with  a loss of -0.56% percent or -16.18 point. The Nasdaq Composite is trading at 7,895.79  with a loss of -1.43%percent or 1-14.25 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,703.55  with a loss of -1.06% percent or -18.17point; the S&P 600 Small-Cap Index closed at 1,075.21 with a loss of -1.03% percent or -11.14 point; the S&P 400 Mid-Cap Index closed at 2,028.49  with a loss of -0.88% percent or -18.07 point; the S&P 100 Index closed at 1,277.57  with a loss of -0.62% percent or -8.03 point; the Russell 3000 Index closed at 1,714.98 with a loss of -0.66% or  -11.37 point; the Russell 1000 Index closed at 1,602.33  with a loss of -0.63% percent or -10.10 point;

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 23,420.54  up with +1.41% percent or +325.87 point. Hong Kong’s Hang Seng is trading at 27,073.57  up with +0.52% percent or  +140.72  point. China’s Shanghai Composite is trading at 2,699.95  up with +1.82% percent or  +48.16 point. India’s BSE Sensex is trading at 37,543.18 with a loss of -0.11%  percent or – 42.33  point at 12:15 PM.The FTSE 100 is trading at 7,310.52 up with +0.12% percent or +8.42 point. Germany’s DAX is trading at 112,125.32  up with +0.24% percent or  +28.91  point. France’s CAC 40 is trading at 5,363.31   up with +0.27% percent or  +14.44 point. The Stoxx Europe 600 is trading at 378.70  up with  +0.10% percent or +0.34 point.

Updates

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