S&P Futures Opening Update as on 31 May 2019

 

US PRE MARKET

The S&P 500 Futures is trading at 2,755.12 with a loss of -1.27% percent or -35.38 point.Other U.S. stock futures lower in pre-market trading for  May 31.The Dow Futures is trading at 24,891.00  with a loss of -1.19% percent or -299.00 point. The Nasdaq Futures is trading at 7,142.25  with a loss of -1.56% percent or -113.00 point.

FRIDAY’S FACTORS AND EVENTS

U.S. government debt yields added to steep May declines on Friday after President Donald Trump’s new tariffs on all Mexican imports took investors by surprise and aggravated an already-stressed U.S. trade outlook.

At around 7:27 a.m. ET, the yield on the benchmark 10-year Treasury notewas lower at around 2.16%, off a fresh 20-month low around 2.15% hit in overnight trading. A portion of the yield curve remained inverted as the yield on the 3-month Treasury bill held at 2.354%. The 2-year rate slipped to 2.006%.

Trade concerns continue to dominate investor sentiment, after Trump said Thursday he would be imposing a 5% tariff on all Mexican imports from June 10. The new duties are questioning the fate of the recently negotiated deal between the U.S., Canada and Mexico.

THURSDAY’S ACTIVITY

For the day the Dow is trading at 25,169.88 up with +0.17% percent or +43.47 point. The S&P 500 is trading at 2,788.86 up with +0.21% percent or +5.84 point. The Nasdaq Composite is trading at 7,567.72  up with +0.27% percent or +20.41 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,485.53 with a loss of -0.30% percent or -4.42 point; the S&P 600 Small-Cap Index closed at 901.32 with a loss of -0.31% percent or -2.77 point; the S&P 400 Mid-Cap Index closed at 1,828.67  with a loss of -0.22% percent or -4.10 point; the S&P 100 Index closed at 1,233.67  up with +0.14% percent or +1.70 point; the Russell 3000 Index closed at 1,640.69  up with +0.16%  percent or +2.63 point; the Russell 1000 Index closed at 1,544.07 up with +0.19% or +3.00 point.

In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 20,601.19  with a loss of -1.63% percent or -341.34 point. Hong Kong’s Hang Seng is trading at 26,954.29 with a loss of -0.59% percent or -160.59   point. China’s Shanghai Composite is trading at 2,901.89  with a loss of -0.13% percent or -3.92 point. India’s BSE Sensex is trading at 39,760.29  with a loss of -0.17% percent or -66.28 point at 12:15 PM.The FTSE 100 is trading at 7,150.15 with a loss of -0.94% percent or -68.01 point. Germany’s DAX is trading at 11,692.31 with a loss of -1.76% percent or  -209.77 point. France’s CAC 40 is trading at 5,174.21 with a loss of -1.42% percent or -74.70 point. The Stoxx Europe 600 is trading at 367.57 with a loss of -1.21% percent or -4.50  point.

Updates

updates@spfutures.org

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