S&P Futures Opening Update as on 25 October 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,730.50  with a loss of -0.57% percent or -15.75 point.  Other U.S. stock futures lower in pre-market trading for  October 25.The Dow Futures is trading at 25,114.00 with a loss of -0.46% percent or -116.00 point.  The Nasdaq Futures is trading at 7,090.00 with a loss of -0.70% percent or -50.25 point.

THURSDAY’S FACTORS AND EVENTS

The Commerce Department said earlier in the day that new home sales dropped 5.5 percent last month and reached their lowest level in nearly two years. This comes as mortgage rates have risen recently. According to Bankrate.com, the most recent average rate is at 4.87 percent.

The bid in Treasurys comes amid a general risk-off move in global stock markets. The major U.S. stock indexes are all down sharply this month. European and Asian equities have also dropped sharply in October.

WEDNESDAY’S ACTIVITY

For the day the Dow is trading at 25,191.43 with  a loss of -0.50% percent or  -125.98 point. The S&P 500 is trading at 2,740.69 with a loss of  -0.55% percent or -15.19 point. The Nasdaq Composite is trading at 7,437.54 with a loss of -0.42% percent or -31.09 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,526.59  with a loss of -0.84% percent or -12.91 point; the S&P 600 Small-Cap Index closed at 954.45   with a loss of -0.78% percent or -7.49  point; the S&P 400 Mid-Cap Index closed at 1,844.73  with a loss of -0.99% percent or  -18.42 point; the S&P 100 Index closed at 1,225.82 with a loss of -0.42% percent or -5.20 point; the Russell 3000 Index closed at 1,614.03 with a loss of -0.58% percent or  -9.36 point; the Russell 1000 Index closed at 1,513.98 with a loss of  -0.56% percent or -8.46 point;

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 21,268.73 with a loss of -3.72% percent or -822.45 point. Hong Kong’s Hang Seng is trading at 24,827.04 with a loss of -1.67% percent or -422.74 point. China’s Shanghai Composite is trading at 2,601.11  with a loss of -0.084% percent or  -2.19 point. India’s BSE Sensex is trading at 33,678.52  with a loss of -1.04% percent or -355.44 point at 12:15 PM.The FTSE 100 is trading at 6,971.67 up with +0.12% percent or +8.69 point. Germany’s DAX is trading at 11,244.00 up with  +0.47% percent or +52.37 point. France’s CAC 40 is trading at 5,023.04  up with +1.41% percent or +69.95 point. The Stoxx Europe 600 is trading at 354.43 up with +0.33% percent or +1.18  point.

Updates

spfutures.org_updates@imediaone.com

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