S&P Futures Opening Update as on 08 Jan 2020

US PRE MARKET

The S&P 500 Futures is trading at 3,237.12  up with +0.06% percent or +1.87 point. Other U.S. stock futures higher in pre-market trading for  Jan 08.The Dow Futures is trading at 28,478.50  with a loss of -0.17% percent or -47.50 point. The Nasdaq Futures is trading at 8,854.38 up with +0.02% percent or +1.38 point.

WEDNESDAY’S FACTORS AND EVENTS

Bank of America expects European stocks broadly to rise this year, but its key underweight call is the pharmaceutical sector, and the recommendation has nothing to do with talk of reining in U.S. drug prices.

Bank of America’s call on European pharmaceuticals — whose members including AstraZeneca AZN, +0.38% AZN, +0.00%  , GlaxoSmithKline GSK, -0.62% GSK, +0.15%  , Novartis NVS, -1.00% NOVN, -0.49%  , Roche ROG, +0.06%   and Sanofi SAN, -0.03% SNY, -1.00%  — is based on how closely they historically track U.S. bond yields TMUBMUSD10Y, -0.72%   and the U.S. dollar DXY, +0.12%  .

TUESDAY’S ACTIVITY

For the day the Dow is trading at 28,583.68 with a loss of –0.42% percent or –119.70 point. The S&P 500 is trading at 3,237.18  with a loss of –0.28% percent or -9.10 point. The Nasdaq Composite is trading at 9,068.58  with a loss of –0.032% percent or -2.88 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,658.31 with a loss of -0.30%  percent or -4.95 point; the S&P 600 Small-Cap Index closed at 1,014.09  with a loss of  –0.56% percent or −5.67 point; the S&P 400 Mid-Cap Index closed at 2,049.34 with a loss of –0.23% percent or −4.82   point; the S&P 100 Index closed at 1,447.36  with a loss of –0.38% percent or -45 point; the Russell 3000 Index closed at 1,896.01  with a loss of –0.26% percent or -4.89 point; the Russell 1000 Index closed at 1,788.77 with a loss of –0.25% or –4.57 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,204.76 with a loss of –1.57% percent or -370.96  point. Hong Kong’s Hang Seng is trading at 28,053.09 with a loss of -0.95% percent or –268.97point. China’s Shanghai Composite is trading at 3,066.89  with a loss of –1.22% percent or –37.91  point. India’s BSE Sensex is trading at 40,711.80 with a loss of –0.39% percent or –157.67 point at 12:15 PM.Germany’s DAX is trading at 13,184.69  with a loss of –0.32% percent or –42.14 point. France’s CAC 40 is trading at 6,003.05  with a loss of –0.15% percent or –9.30 point. The Stoxx Europe 600 is trading at 416.75  with a loss of -0.22% percent or –0.92   point.