S&P Futures Opening Update as on 14 November 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,722.25  with a loss of -0.19% percent or -5.25 point.  Other U.S. stock futures lower in pre-market trading for  November 14.The Dow Futures is trading at 25,289.00 with a loss of -0.16% percent or -41.00 point. The Nasdaq Futures is trading at 6,820.50 with a loss of  -0.47% percent or -32.50 point.

WEDNESDAY’S FACTORS AND EVENTS

the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Apple’s stock declined after Lumentum Holdings, one of its key suppliers, cut its outlook. Lumentum CEO Alan Lowe said in a statement one of its largest customers asked the company for a “material” reduction of shipments for its products.

Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research, said there may be more volatility ahead for tech. “I’m not convinced this tech skittishness is over. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest sector.”

TUESDAY’S ACTIVITY

For the day the Dow is trading at 25,286.49  with a loss of -0.40% percent or  -100.69 point. The S&P 500 is trading at 2,722.18 with a loss of -0.15% percent or -4.04 point. The Nasdaq Composite is trading at 7,200.88 up with +0.000088% percent or +0.0063   point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,514.80  with a loss of -0.26% percent or -3.99 point; the S&P 600 Small-Cap Index closed at 953.34  with a loss of -0.18% percent or -1.74 point; the S&P 400 Mid-Cap Index closed at 1,852.45 up with +0.011% percent or +0.20 point; the S&P 100 Index closed at 1,209.15 with a loss of  -0.20% percent or -2.44 point; the Russell 3000 Index closed at 1,602.90   with a loss of -0.13% percent or -2.07 point; the Russell 1000 Index closed at 1,503.64 with a loss of -0.12% percent or -1.78 point;

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 21,846.48  up with +0.16% percent or +35.96 point. Hong Kong’s Hang Seng is trading at 25,639.53   with a loss of -0.59% percent or -153.34 point. China’s Shanghai Composite is trading at 2,629.15  with  a loss of -0.97% percent or  -25.73 point. India’s BSE Sensex is trading at 35,262.26 up with +0.34% percent or +117.77 point at 12:15 PM.The FTSE 100 is trading at 7,058.49 up with  +0.067% percent or +4.73 point. Germany’s DAX is trading at 11,425.17  with a loss of – 0.41% percent or -47.05 point. France’s CAC 40 is trading at 5,086.34  with a loss of -0.30%  percent or -15.50 point. The Stoxx Europe 600 is trading at 362.89 with a loss of -0.43% percent or -1.47 point.

Updates

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