U.S. Market Futures Pointing Lower after China Exports Report

U.S. stock futures are pointing lower in pre-market trading for Thursday, October 13. The Dow Futures are at 17953.0 for a loss of -100.00 points. The S&P 500 Futures are at 2119.0 for a loss of -12.50 points. The Nasdaq Futures are lower at 4783.75 for a loss of -29.75 points. The Russell Futures are at 1214.7 for a loss of -8.20 points.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16774.24 for a loss of -65.76 points or -0.39 percent. Hong Kong’s Hang Seng Index is at 23031.30 for a loss of -375.75 points or -1.61 percent. China’s Shanghai Composite is at 3061.35 for a gain of 2.85 points or 0.09 percent. India’s S&P BSE Sensex is at 27643.11 for a loss of -439.23 points or -1.56 percent. In Europe, the FTSE 100 is at 6978.69 for a loss of -45.32 points or -0.65 percent. Germany’s DAX is at 10388.42 for a loss of -134.65 points or -1.28 percent. France’s CAC 40 is at 4391.87 for a loss of -60.37 points or -1.36 percent. The Stoxx Europe 600 is at 335.33 for a loss of -3.23 points or -0.95 percent.

Thursday’s Factors and Events

Stocks are pointing lower in pre-market trading Thursday after global markets were lower in overnight trading following a disappointing exports report from China. The Fed’s indication for a rate increase in 2016 is also affecting stock valuations.

On the economic calendar for Thursday are the following reports: Jobless Claims, Import and Export Prices and the EIA Petroleum Status Report.

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

Industries Holdings

Frontier Communications

Illumina Inc.

Fastenal Co.

F5 Networks Inc .

Kroger

Baxter International

Alcoa

Best Buy

On the earnings calendar for Thursday are the following: Colabor Group Inc. Delta Air Lines, Inc., First Republic Bank, ClubCorp Holdings, Inc., Sky Plc ADR, Marriott Vacations Worldwide Corp., Winnebago Industries, Inc., Enzo Biochem, Inc., Integral Technologies, Inc., KMG Chemicals, Inc. and OncoSec Medical Incorporated.

Investors will be watching for tomorrow’s earnings reports from large investment banks to end the first week of third quarter earnings.

Wednesday’s Activity

U.S. market indexes were mixed on Wednesday. For the day the Dow Jones Industrial Average closed at 18144.20 for a gain of 15.54 points or 0.09 percent. The S&P 500 was also higher, closing at 2139.17 for a gain of 2.44 points or 0.11 percent. The Nasdaq Composite closed lower at 5239.02 for a loss of -7.77 points or -0.15 percent. The VIX Volatility Index was higher at 15.64 for a gain of 0.28 points or 1.82 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 lower at 1227.23 for a loss of -0.40 points or -0.03 percent; the S&P 600 Small-Cap Index higher at 745.50 for a gain of 1.13 points or 0.15 percent; the S&P 400 Mid-Cap Index at 1526.05 for a gain of 5.05 points or 0.33 percent; the S&P 100 Index at 949.62 for a gain of 0.58 points or 0.06 percent; the Russell 3000 Index at 1265.88 for a gain of 1.27 points or 0.10 percent; the Russell 1000 Index at 1185.22 for a gain of 1.32 points or 0.11 percent; and the Dow Jones U.S. Select Dividend Index at 602.26 for a gain of 3.12 points or 0.52 percent.

Julie Young

julie@dowfutures.org

Julie Young is a Senior Market Reporter and Analyst

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