US PRE MARKET
The S&P 500 Futures is trading at 3,108.12 with a loss of -0.33% percent or -10.38 point. Other U.S. stock futures lower in pre-market trading for November 20.The Dow Futures is trading at 27,790.00 with a loss of -0.38% percent or -105.00 point. The Nasdaq Futures is trading at 8,305.12 with a loss of -0.44% percent or -36.38 point.
WEDNESDAY’S FACTORS AND EVENTS
Doubts about substantive progress on a partial trade deal with China ahead of a Dec. 15 deadline for the increase of import tariffs somewhat undermined bullish sentiment Tuesday with U.S. economic growth slowing.
“We do not expect the US economy to fall into a recession through at least the end of 2022, but, with growth forecast to slow to below a 0.5% rate in the first half of 2020, risks of a near-term recession are elevated,” UBS economist Seth Carpenter wrote in a research note.
The economy is clearly facing several challenges, primarily from overseas, but the three rate cuts since July should help sustain growth, New York Fed President John Williams said on Tuesday. The U.S. economy is facing headwinds from slower global growth, uncertainty from trade and muted inflation pressures, Williams said. As a result of these global factors, “growth is starting to slow in the U.S.,” Williams warned.
For the day the Dow is trading at 27,934.02 with a loss of –0.36% percent or –102.20 point. The S&P 500 is trading at 3,120.18 with a loss of –0.059% percent or –1.85 point. The Nasdaq Composite is trading at 8,570.66 up with +0.24% percent or +20.72 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,598.29 up with +0.37% percent or +5.95 point; the S&P 600 Small-Cap Index closed at 980.21 up with +0.16% percent or +1.55 point; the S&P 400 Mid-Cap Index closed at 2,001.35 up with +0.17% percent or +3.44 point; the S&P 100 Index closed at 1,387.59 with a loss of –0.20% percent or -2.73 point; the Russell 3000 Index closed at 1,827.89 up with +0.0097% percent or +0.18 point; the Russell 1000 Index closed at 1,724.52 with a loss of –0.015% or -0.27 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 23,148.57 with a loss of –0.62% percent or –144.08 point. Hong Kong’s Hang Seng is trading at 26,903.11 with a loss of –0.70% percent or –190.69 point. China’s Shanghai Composite is trading at 2,911.05 with a loss of –0.78% percent or –22.94 point. India’s BSE Sensex is trading at 40,696.49 up with +0.56% percent or +226.79 point at 12:15 PM.Germany’s DAX is trading at 13,104.34 with a loss of –0.88% percent or –116.78 point. France’s CAC 40 is trading at 5,871.15 with a loss of –0.64% percent or –37.89 point. The Stoxx Europe 600 is trading at 402.26 with a loss of -0.80% percent or –3.24 point.