S&P Futures Opening Update as on 16 October 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,762.50 up with +0.49% percent or +13.50 point. Other U.S. stock futures higher in pre-market trading for  October 16.The Dow Futures is trading at 25,332.00 up with +0.52% percent or  +131.00 point. The Nasdaq Futures is trading at 7,122.25  up with +0.65% percent or +45.75 point.

TUESDAY’S FACTORS AND EVENTS

U.S. government debt yields rose across the board Monday, rekindling fears higher borrowing costs would slow the economy.

Buy rates were rising again Monday with the yield on the benchmark 10-year Treasury note higher at around 3.158 percent Monday morning, while the yield on the 30-year Treasury bond was also higher at 3.335 percent. Yields rise as bond prices fall.

The uptick in Treasury yields Monday came nearly a week after the rate on the benchmark 10-year Treasury note topped its highest level since 2011 above 3.26 percent. A number of market analysts blamed the rapid rise in rates for a surge in volatility across the broader market, with the Dow Jones Industrial Average and the S&P 500 both shedding more than 4 percent last week.

MONDAY’S ACTIVITY

For the day the Dow is trading at 25,250.55  with  a loss of -0.35% percent or  -89.44 point. The S&P 500 is trading at 2,750.79 with a loss of  -0.59% percent or -16.34 point. The Nasdaq Composite is trading at 7,430.74 with a loss of -0.88% percent or -66.15 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,553.09 up with +0.41% percent or +6.42 point; the S&P 600 Small-Cap Index closed at 970.53 up with +0.53% percent or +5.15 point; the S&P 400 Mid-Cap Index closed at 1,879.14  up with +0.42% percent or  +7.89 point; the S&P 100 Index closed at 1,224.49  with a loss of  -0.74% percent or  -9.17 point; the Russell 3000 Index closed at 1,623.12  with a loss of -0.46% or  -7.45 point; the Russell 1000 Index closed at 1,521.12   with  a loss of  -0.53% percent or -8.03 point;

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,549.24 up with +1.25% percent or +277.94  point. Hong Kong’s Hang Seng is trading at 25,332.89    with a loss of -0.44% percent or -112.17 point. China’s Shanghai Composite is trading at 2,540.80   with a loss of  -1.06% percent or -27.30 point. India’s BSE Sensex is trading at 35,045.20  up  with +0.52% percent or +180.10  point at 12:15 PM.The FTSE 100 is trading at 7,010.82  with  a loss of -0.26% percent or -18.40 point. Germany’s DAX is trading at 11,660.36 up with +0.40% percent or +46.20 point. France’s CAC 40 is trading at 5,109.66 up  with +14.59 percent or -13.46 point. The Stoxx Europe 600 is trading at 361.54  up with +0.62% percent or +2.23 point.

Updates

updates@spfutures.org

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