S&P Futures Opening Update as on 29 May 2019

 

US PRE MARKET

The S&P 500 Futures is trading at 2,789.62   with a loss of -0.55% percent or -15.38 point. Other U.S. stock futures lower in pre-market trading for  May 29.The Dow Futures is trading at 25,221.50 with a loss of -0.58% percent or -147.50 point. The Nasdaq Futures is trading at 7,238.75  with a loss of -0.77% percent or -0.77% point.

WEDNESDAY’S FACTORS AND EVENTS

Treasury yields have had a big move lower this month, with the 10-year Treasury yielding at its lowest level since September 2017 in the previous session.

The move comes at a time when trade war fears have intensified and economic data has disappointed. The U.S. benchmark is also following Europe’s German 10-year bund yield, moving lower amid political and economic concerns.

On the data front, the Richmond Fed manufacturing survey for May is expected at around 10:00 a.m. ET, with Dallas Fed services data set to follow slightly later in the session.

Meanwhile, the U.S. Treasury is set to auction $32 billion in 7-year notes and $18 billion in 1-year-and-11-month floating rate notes (FRNs).

In commodity markets, oil prices fell 1% Wednesday amid concerns an ongoing trade war could spark a global economic downturn. But, relatively tight supply amid OPEC-led supply cuts and political tensions in the Middle East limited losses.

TUESDAY’S ACTIVITY

For the day the Dow is trading at 25,347.77 with a loss of -0.93% percent or -237.92 point. The S&P 500 is trading at 2,802.39 with a loss of -0.84% percent or -23.67 point. The Nasdaq Composite is trading at 7,607.35  with a loss of -0.39% percent or -29.66 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,504.02 with a loss of -0.67% percent or -10.09 point; the S&P 600 Small-Cap Index closed at 911.79 with a loss of -0.63% percent or -5.75 point; the S&P 400 Mid-Cap Index closed at 1,844.17   with a loss of -1.00% percent or -18.66 point; the S&P 100 Index closed at 1,240.99  with a loss of -0.77% percent or -9.68 point; the Russell 3000 Index closed at 1,649.75  with a loss of -0.82% percent or -13.60 point; the Russell 1000 Index closed at 1,551.81 with a loss of -0.83% or -12.97 point.

In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 21,003.37  with a loss of -1.21% percent or -256.77 point. Hong Kong’s Hang Seng is trading at 27,261.43 with a loss of -0.47% percent or -129.38   point. China’s Shanghai Composite is trading at 2,914.70  up with +0.16% percent or +4.79 point. India’s BSE Sensex is trading at 39,653.87  with a loss of -0.24% percent or -95.86 point at 12:15 PM.The FTSE 100 is trading at 7,176.12   with a loss of -1.28% percent or -92.76 point. Germany’s DAX is trading at 11,887.38  with a loss of -1.16% percent or  -139.67 point. France’s CAC 40 is trading at 5,228.59 with a loss of -1.58% percent or -84.10 point. The Stoxx Europe 600 is trading at 371.14  with a loss of -1.27% percent or -4.76  point.

Updates

updates@spfutures.org

You may also like...

Rules of Discussion on S&P Futures Opening Update as on 29 May 2019

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Note: If old messages appear, it is due to a software bug. Please click the 'Sort By Newest' Button on below right, then first select Oldest & after that Newest. Latest Message will appear. Sorry for this.