US PRE MARKET
The S&P 500 Futures is trading at 2,870.12 up with +0.16% percent or +4.62 point. Other U.S. stock futures higher in pre-market trading for August 28.The Dow Futures is trading at 25,771.00 up with +0.10% percent or +27.00point.The Nasdaq Futures is trading at 7,572.88 up with +0.13% percent or +10.13 point.
WEDNESDAY’S FACTORS AND EVENTS
U.S. stock index futures turned lower Wednesday morning after a key part of the U.S. yield curve inverted even further, exacerbating fears of an impending recession.
At around 06:00 a.m. ET, Dow futures rose 2 points, indicating a negative open of more than 19 points. Futures on the S&P and Nasdaq were both slightly lower.
The closely watched spread between the 10-year Treasury yield and the 2-year rate fell to negative 6 basis points Wednesday morning. The move extended losses from the previous session when the spread registered its lowest level since 2007
For the day the Dow is trading at 25,777.90 with a loss of –0.47% percent or –120.93 point. The S&P 500 is trading at 2,869.16 with a loss of –0.32% percent or –9.22 point. The Nasdaq Composite is trading at 7,826.95 with a loss of –0.34% percent or –26.79 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,456.04 with a loss of –1.35% percent or -19.96 point; the S&P 600 Small-Cap Index closed at 895.22 with a loss of –1.18% percent or -10.69 point; the S&P 400 Mid-Cap Index closed at 1,832.63 with a loss of –1.01% percent or -18.76 point; the S&P 100 Index closed at 1,268.06 with a loss of –0.29% percent or –3.73 point; the Russell 3000 Index closed at 1,681.17 with a loss of –0.43% percent or-7.27 point; the Russell 1000 Index closed at 1,587.13 with a loss of –0.37% or -5.84 point.
In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 20,479.42 up with +0.11% percent or +23.34point. Hong Kong’s Hang Seng is trading at 25,626.65 with a loss of –0.15% percent or –37.42 point. China’s Shanghai Composite is trading at 2,893.76 with a loss of –0.29% percent or –8.44 point. India’s BSE Sensex is trading at 37,410.19 with a loss of –0.61% percent or –231.08 point at 12:15 PM.The FTSE 100 is trading at 7,097.73 up with +0.11% percent or +8.15 point. Germany’s DAX is trading at 11,644.26 with a loss of –0.73% percent or –85.76 point. France’s CAC 40 is trading at 5,355.11 with a loss of –0.59% percent or –31.98 point. The Stoxx Europe 600 is trading at 371.89 with a loss of -0.46% percent or –1.73 point.