U.S. Market Futures Lower with Oil Price Volatility

U.S. stock futures are pointing lower in pre-market trading for Thursday, October 6. The Dow Futures are at 18174.0 for a loss of -26.00 points. The S&P 500 Futures are at 2149.25 for a loss of -4.00 points. The Nasdaq Futures are at 4865.25 for a loss of -8.25 points. The Russell Futures are at 1242.2 for a loss of -3.00 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16899.10 for a gain of 79.86 points or 0.47 percent. Hong Kong’s Hang Seng Index is at 23952.50 for a gain of 164.19 points or 0.69 percent. China’s Shanghai Composite is at 3004.70 for a gain of 6.22 points or 0.21 percent. India’s S&P BSE Sensex is at 28106.21 for a loss of -114.77 points or -0.41 percent. In Europe, the FTSE 100 is at 7024.09 for a loss of -9.16 points or -0.13 percent. Germany’s DAX is at 10563.68 for a loss of -22.10 points or -0.21 percent. France’s CAC 40 is at 4477.22 for a loss of -12.73 points or -0.28 percent. The Stoxx Europe 600 is at 343.47 for a loss of -0.73 points or -0.21 percent.

Thursday’s Factors and Events

Stocks are lower in pre-market trading as investors trade on oil price affects from a lower weekly inventory and watch for jobs data on Friday. The ADP private sector employment report was slightly lower than expected which could be a sign for Friday’s Bureau of Labor Statistics report.

Leading reports on the economic calendar for Thursday include Chain Store Sales and Jobless Claims.

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

AvalonBay Communities

Realty Income Corp.

Vornado Realty Trust

Constellation Brands

Chesapeake Energy

Alcoa

Endo International

Signet Jewelers

Acuity Brands

Coty

In the broader market, Brexit affects are beginning to become a factor as EasyJet says it will report a loss and the pound continues to fall against the dollar. Third quarter earnings reports are also beginning to become a factor with the following companies reporting on Thursday: Comtech Telecommunications, Helen of Troy Limited, MISTRAS Group, Inc. and Ruby Tuesday, Inc.

Wednesday’s Activity

U.S. market indexes were higher Wednesday. For the day the Dow Jones Industrial Average closed at 18281.03 for a gain of 112.58 points or 0.62 percent. The S&P 500 was also higher, closing at 2159.73 for a gain of 9.24 points or 0.43 percent. The Nasdaq Composite closed higher at 5316.02 for a gain of 26.36 points or 0.50 percent.

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

Other notable index closes included the small-cap Russell 2000 Index at 1248.37 for a gain of 8.59 points or 0.69 percent; the S&P 600 Small-Cap Index at 755.37 for a gain of 4.71 points or 0.63 percent; the S&P 400 Mid-Cap Index at 1541.93 for a gain of 7.98 points or 0.52 percent; the S&P 100 at 956.56 for a gain of 4.08 points or 0.43 percent; the Russell 3000 Index at 1279.60 for a gain of 5.70 points or 0.45 percent; the Russell 1000 Index at 1197.44 for a gain of 5.09 points or 0.43 percent; and the Dow Jones U.S. Select Dividend Index at 604.65 for a gain of 1.26 points or 0.21 percent.

Julie Young

julie@dowfutures.org

Julie Young is a Senior Market Reporter and Analyst

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