U.S. Market Futures Lower as Concerns Continue over Deutsche Bank

U.S. stock futures are lower in pre-market trading for Friday, September 30. The Dow Futures are at 18092.0 for a loss of -5.00 points. The S&P 500 Futures are at 2148.75 for a gain of 0.25 points. The Nasdaq Futures are lower at 4841.0 for a loss of -3.25 points. The Russell Futures are at 1236.4 for a gain of 0.20 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 was at 16449.84 for a loss of -243.87 points or -1.46 percent. Hong Kong’s Hang Seng was at 23297.15 for a loss of -442.32 points or -1.86 percent. China’s Shanghai Composite was at 3004.70 for a gain of 6.22 points or 0.21 percent. India’s S&P BSE Sensex was at 27865.96 for a gain of 38.43 points or 0.14 percent. In Europe, the FTSE 100 is at 6859.67 for a loss of -59.75 points or -0.86 percent. Germany’s DAX is at 10298.75 for a loss of -106.79 points or -1.03 percent. France’s CAC 40 is at 4382.08 for a loss of -61.76 points or -1.39 percent. The Stoxx Europe 600 was at 339.53 for a loss of -3.19 points or -0.93 percent.

Friday’s Factors and Events

The market continues to trade lower on Deutsche Bank’s struggles. Lower oil prices are also a factor as investors await a final agreement from OPEC in November.

On the economic calendar for Friday are the following reports: Personal Income and Outlays, the Chicago PMI, Consumer Sentiment and the Baker-Hughes Rig Count.

Stocks trading actively in the pre-market include the following:

Endo International

Marathon Petroleum

NRG Energy Inc.

Valero Energy

Perrigo Company

Murphy Oil

Hess Corp.

Marathon Oil

Helmerich and Payne

Diamond Offshore Drilling

The market will continue to watch Deutsche Bank. On Thursday numerous hedge fund managers were also decreasing their business holdings with the bank.

Thursday’s Activity

U.S. market indexes were lower Thursday. For the day the Dow Jones Industrial Average closed at 18143.45 for a loss of -195.79 points or -1.07 percent. The S&P 500 was also lower, closing at 2151.13 for a loss of -20.24 points or -0.93 percent. The Nasdaq Composite closed lower at 5269.15 for a loss of -49.39 points or -0.93 percent.

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Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.

Other leading market index closes included the small-cap Russell 2000 Index lower at 1237.75 for a loss of -17.91 points or -1.43 percent; the S&P 600 Small-Cap Index lower at 748.98 for a loss of -9.24 points or -1.22 percent; the S&P 400 Mid-Cap Index at 1539.57 for a loss of -17.38 points or -1.12 percent; the S&P 100 Index at 950.92 for a loss of -9.14 points or -0.95 percent; the Russell 3000 Index at 1274.28 for a loss of -12.62 points or -0.98 percent; the Russell 1000 Index at 1192.89 for a loss of -11.37 points or -0.94 percent; and the Dow Jones U.S. Select Dividend Index at 611.96 for a loss of -6.77 points or -1.09 percent.

Julie Young

julie@dowfutures.org

Julie Young is a Senior Market Reporter and Analyst

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