S&P Futures Opening Update as on 25 October 2019

US PRE MARKET

The S&P 500 Futures is trading at 3,007.62  up with +0.11% percent or +3.37 point. Other U.S. stock futures higher in pre-market trading for  October 25.The Dow Futures is trading at 26,790.00 up with +0.04% percent or +10.00 point.The Nasdaq Futures is trading at 7,942.38  up with +0.18% percent or +14.13 point.

FRIDAY’S FACTORS AND EVENTS

The bifurcation in the markets reflects a split in the fortunes of big companies, said, Krishna Memani, vice chairman of investments at Invesco. Investors are weighing commentary from 3M that suggests that “the industrial slowdown is continuing, as opposed to bottoming out,” Memani said. In contrast, the companies that power the Nasdaq are “doing quite well,” he said.

Doug Cote, chief market strategist at Voya Investment Management, said he remains bullish on the market overall, and said skittish investors haven’t been properly paying attention to positive signs in the economy.

THURSDAYDAY’S ACTIVITY

For the day the Dow is trading at 26,805.53 with a loss of –0.11% percent or  –28.42 point. The S&P 500 is trading at 3,010.29 up with +0.19% percent or +5.77 point. The Nasdaq Composite is trading at 8,185.80 up with +0.81% percent or +66.00 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,550.18  with a loss of -0.17% percent or -2.67 point; the S&P 600 Small-Cap Index closed at 961.55 with a loss of –0.24% percent or -2.27 point; the S&P 400 Mid-Cap Index closed at 1,949.60 up with +0.046% percent or  +0.89 point; the S&P 100 Index closed at 1,333.22 with +0.17% percent or  +2.25 point; the Russell 3000 Index closed at 1,762.62 up with +0.24%  percent or +4.23 point; the Russell 1000 Index closed at 1,662.28 up with +0.27%  or +4.46  point.

In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 22,799.81 up with +0.22% percent or +49.21 point. Hong Kong’s Hang Seng is trading at 26,676.34 with a loss of –0.45% percent or ?121.61 point. China’s Shanghai Composite is trading at 2,954.93 up with +0.48% percent or +14.01  point. India’s BSE Sensex is trading at 38,802.10  with a loss of –0.55% percent or –215.18 point at 12:15 PM.Germany’s DAX is trading at 12,854.56  with a loss of –0.14% percent or –17.54 point. France’s CAC 40 is trading at 5,691.17 up with +0.12% percent or +6.84 point. The Stoxx Europe 600 is trading at 396.18   with a loss of -0.30% percent or -1.17  point.

Updates

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