S&P Futures Opening Update as on 08 May 2019

 

US PRE MARKET

The S&P 500 Futures is trading at 2,879.62  with a loss of -0.39% percent or -11.13 point.Other U.S. stock futures lower in pre-market trading for  May 08.The Dow Futures is trading at 25,884.00  with a loss of -0.34% percent or -89.00 point. The Nasdaq Futures is trading at 7,616.25 with a loss of -0.75% percent or -57.75 point.

WEDNESDAY’S FACTORS AND EVENTS

Dow futures fell 160 points, indicating a lower open of about 113 points. Futures on the S&P 500 were down about 17 points, pointing to a 11-point loss at the open. Nasdaq was also set to open lower.

Shares of Caterpillar and Ford Motor fell in premarket trading, along with chip stocks including Nvidia and Micron Technology.

“Stocks are betting on a rebound in the global economy in coming quarters … If we get higher tariffs this week and talks break down between the U.S. and China, you can kiss that hope for global economic rebound goodbye,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group, in an email.

TUESDAY’S ACTIVITY

For the day the Dow is trading at 25,965.09 with a loss of -1.79% percent or -473.39  point. The S&P 500 is trading at 2,884.05 with a loss of -1.65% percent or -48.42 point. The Nasdaq Composite is trading at 7,963.76  wilth  a loss of -1.96% percent or -159.53 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,582.31 with a loss of -2.02%percent or -32.66 point; the S&P 600 Small-Cap Index closed at 971.02 with a loss of -1.85% percent or −18.30 point; the S&P 400 Mid-Cap Index closed at 1,938.62  with a loss of -1.93% percent or -38.20 point; the S&P 100 Index closed at 1,278.76  with a loss of -1.67% percent or -21.68 point; the Russell 3000 Index closed at 1,701.83  with a loss of -1.70% percent or -29.39 point; the Russell 1000 Index closed at 1,598.40   with a loss of -1.67% or -27.19 point.

In overnight trading in the Eastern Hemisphere, In other parts of world,  Japan’s Nikkei 225 is trading at 21,602.59 with a loss of -1.46% percent or -321.13 point. Hong Kong’s Hang Seng is trading at 28,975.69 a loss of -1.32% percent or -387.33   point. China’s Shanghai Composite is trading at 2,893.76 with a loss of -1.12% percent or -32.63 point. India’s BSE Sensex is trading at 37,946.53 a loss of – 0.86% percent or -330.10 point at 12:15 PM.The FTSE 100 is trading at 7,246.11   with a loss of -0.20% percent or -14.36 point. Germany’s DAX is trading at 12,095.07  up with  +0.019% percent or  +2.33 point. France’s CAC 40 is trading at 5,381.58 with a loss of -0.26% percent or -14.16 point. The Stoxx Europe 600 is trading at 380.00   with a loss of -0.42% percent or -1.56    point.

Updates

updates@spfutures.org

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