US PRE MARKET
The S&P 500 Futures is trading at 2,812.00 with a loss of -0.20% percent or -5.75 point.Other U.S. stock futures lower in pre-market trading for October 16.The Dow Futures is trading at 25,724.00 with a loss of -0.22% percent or -58.00 point. The Nasdaq Futures is trading at 7,338.00 with a loss of -0.21% percent or -15.75 point.
WEDNESDAY’S FACTORS AND EVENTS
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 1,596.84 up with +2.82% percent or +43.74 point; the S&P 600 Small-Cap Index closed at 996.79 up with +2.71% percent or +26.26 point; the S&P 400 Mid-Cap Index closed at 1,918.39 up with +2.09% percent or +39.25 point; the S&P 100 Index closed at 1,250.46 up with +2.12% percent or +25.97 point; the Russell 3000 Index closed at 1,659.24 up with +2.22% or +36.11 point; the Russell 1000 Index closed at 1,554.25 up with +2.18% percent or +33.13 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 7,079.30 UP with +0.28% percent or +19.90 point. Germany’s DAX is trading at 11,724.69 with a loss of -0.44% percent or -51.86 point. France’s CAC 40 is trading at 5,163.13 with a loss of -0.19% percent or -9.91 point. The Stoxx Europe 600 is trading at 364.47 with a loss of -0.14% percent or -0.53 point.
Morgan Stanley jumped 5.7 percent after reporting better-than-expected earnings. Goldman Sachs’ profits also beat estimates, sending the stock up 3 percent. Dow-members Johnson & Johnson and UnitedHealth both posted better-than-expected earnings, sending their shares higher.
Kim Forrest, senior portfolio manager at Fort Pitt Capital, said more companies should report stronger-than-expected earnings moving forward. “We were overly worried about the economy at the start of October,” Forrest said. “I think the bar has been set pretty low by sell-side analysts.”
TUESDAY’S ACTIVITY