U.S. stock futures are lower in pre-market trading for Thursday, June 9. The Dow Futures are down -42.00 points to 17953.0. The S&P 500 Futures are down -7.00 points to 2111.0. The Nasdaq Futures are lower at 4505.75 for a loss of -13.25. The Russell Futures are also lower at 1184.4 for a loss of -4.30 points.

In overnight trading in the Eastern Hemisphere stocks were lower. China’s Shanghai Composite was at 2927.16 for a loss of -8.89 points or -0.30 percent. Japan’s Nikkei 225 was at 16668.41 for a loss of -162.51 or -0.97 percent. Hong Kong’s Hang Seng Index was at 21297.88 for a loss of -30.36 points or -0.14 percent. In India, the S&P BSE Sensex Index was at 26763.46 for a loss of -257.20 or -0.95 percent and the NSE Nifty Index was at 8,203.60 for a loss of -69.45 points or -0.84 percent. In Europe, the FTSE 100 was at 6250.50 for a loss of -51.02 or -0.81 percent. Germany’s DAX was at 10097.99 for a loss of -119.04 points or -1.17 percent. France’s CAC 40 was at 4413.41 for a loss of -35.32 points or -0.79 percent. The Stoxx Europe 600 was at 341.77 for a loss of -2.79 points or -0.81 percent.

Thursday’s Factors and Events

Stocks are trading lower as they appear to be stalling just before reaching new highs. On the economic calendar for Thursday is jobless claims and wholesale trade. Also reported on Thursday is the Fed Balance Sheet and the Money Supply.

Stocks trading actively in the pre-market for Thursday include Bank of New York Mellon, Alphabet, Berkshire Hathaway, Walmart, Alcoa, Chesapeake Energy, Oracle, Qualcomm, General Electric and EMC.

Stocks with earnings reports for the day include AEP Industries, Cherokee Inc., Capstone Turbine Corporation, H&R Block Inc., KMG Chemicals, Inc. and Organovo Holdings, Inc.

Oil prices will be on watch Thursday after reaching $51 a barrel Wednesday with some improvements in supply. On Wednesday the Energy Information Administration reported a decrease of -3.2 million barrels in U.S. oil inventory. Lower global supply in Canada and Nigeria have also been helping prices.

Wednesday’s Activity

On Wednesday market indexes began to approach new highs. For the day the Dow Jones Industrial Average closed at 18005.05 for a gain of 66.77 points or 0.37 percent. The S&P 500 was also higher, closing at 2119.12 for a gain of 6.99 points or 0.33 percent. The Nasdaq Composite also gained with a closing value of 4974.64, up 12.89 points or 0.26 percent.

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

Other notable index closes included the small-cap Russell 2000, higher at 1188.95 for a gain of 8.98 points or 0.76 percent; the S&P 600 closing at 726.38 for a gain of 6.23 points or 0.87 percent; the S&P 400 Mid-Cap Index closing at 1525.14 for a gain of 6.40 points or 0.42 percent; the S&P 100 closing at 935.27 for a gain of 3.04 points or 0.33 percent; the Russell 3000 closing at 1252.20 for a gain of 4.51 points or 0.36 percent; the Russell 1000 closing at 1174.37 for a gain of 3.85 points or 0.33 percent; the Nasdaq 100 at 4520.63 for a gain of 7.54 points or 0.17 percent; and the Dow Jones U.S. Select Dividend Index closing at 604.10 for a gain of 1.79 points or 0.30 percent.