S&P Futures Opening Update as on 22 Jan 2020

US PRE MARKET

The S&P 500 Futures is trading at 3,331.62 up with +0.37% percent or +12.12 point. Other U.S. stock futures higher in pre-market trading for  Jan 21.The Dow Futures is trading at 29,262.00  up with a +0.28% percent or +83.00 point.The Nasdaq Futures is trading at 9,131.38  with a loss of -0.47% percent or -43.12 point.

TUESDAY’S FACTORS AND EVENTS

UBS believes China learned lessons from the SARS outbreak in 2002. The mortality rate of the Wuhan pneumonia seems notably lower than SARS. However, the ongoing travel peak season — the lunar new year starts Saturday — is a tremendous challenge, which could complicate the disease diffusion.

If the pneumonia couldn’t be contained in the short term, expect China’s retail sales, tourism, hotel and catering, travel activities likely to be hit, especially in 1Q and early 2Q. UBS’ forecast of sequential growth rebound in the first half of 2020 would face some downside risk.

MONDAY’S ACTIVITY

For the day the Dow is trading at 29,196.04 with a loss of –0.52% percent or –152.06  point. The S&P 500 is trading at 3,320.79  with a loss of –0.27% percent or -8.83 point. The Nasdaq Composite is trading at 9,370.81 with a loss of –0.19% percent or –18.14 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,685.90 with  a loss of -0.81%  percent or -13.74 point; the S&P 600 Small-Cap Index closed at 1,029.72  with a loss of –0.92% percent or −9.56 point; the S&P 400 Mid-Cap Index closed at 2,082.93 with a loss of –0.60% percent or -12.62 point; the S&P 100 Index closed at 1,485.68 with a loss of –0.26% percent or -3.94  point; the Russell 3000 Index closed at 1,944.33  with a loss of –0.28% percent or -5.54 point; the Russell 1000 Index closed at 1,835.45 with a loss of –0.25% or -4.56 point.

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