S&P Futures Opening Update as on 29 Jan 2020

US PRE MARKET

The S&P 500 Futures is trading at 3,286.38 up with +0.25% percent or +8.13 point. Other U.S. stock futures higher in pre-market trading for  Jan 29.The Dow Futures is trading at 28,765.50  up with +0.19% percent or +55.50 point.The Nasdaq Futures is trading at 9,143.38 up with +0.42% percent or +38.13 point.

WEDNESDAY’S FACTORS AND EVENTS

“First, the Chinese government has taken serious actions much faster this time. Second, the mortality rate of the current coronavirus outbreak is 2-3% compared to +10% for SARS, and the vast majority of current casualties have been concentrated in elderly people with pre-existing conditions,” 

In U.S. economic data, December durable goods orders surged 2.4% in December owing to defence spending, but business investment in the civilian part of the economy declined again to finish the year on a weak note. Excluding defence spending durable goods orders sank 2.5% and the government revised orders for November to show an even bigger 3.1% drop. The weakness in orders and business investment could be a drag on the economy in 2020 unless it turns around.

TUESDAY’S ACTIVITY

For the day the Dow is trading at 28,722.85 up with +0.66% percent or  +187.05   point. The S&P 500 is trading at 3,276.24 up with +1.01% percent or +32.61 point. The Nasdaq Composite is trading at 9,269.68 up with +1.43% percent or +130.37 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,658.31 up with 0.86%  percent or +14.18 point; the S&P 600 Small-Cap Index closed at 1,012.23  up with +0.83% percent or +8.30 point; the S&P 400 Mid-Cap Index closed at 2,056.38 up with 1.00% percent or +20.41 point; the S&P 100 Index closed at 1,465.56 up with +0.99% percent or +14.36  point; the Russell 3000 Index closed at 1,918.66 up with +1.00% percent or +19.04 point; the Russell 1000 Index closed at 1,811.62 up with +1.01% or +18.15 point.

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