U.S. Market Futures Pointing Lower as Stocks Ease

U.S. stock futures are pointing lower in pre-market trading for Tuesday, July 19. The Dow Futures are down 18433.0 for a loss of -18.00 points. The S&P 500 Futures are down -6.00 points at 2154.0. The Nasdaq Futures are lower atv4595.75 for a loss of -12.50 points. The Russell Futures are showing a loss of -3.60 at 1200.6.

In overnight trading in the Eastern Hemisphere Japan’s Nikkei 225 is at 16723.31 for a gain of 225.46 points or 1.37 percent. Hong Kong’s Hang Seng is at 21673.20 for a loss of -129.98 or -0.60 percent. China’s Shanghai Composite is lower at 3036.60 for a loss of -6.97 points or -0.23 percent. India’s S&P BSE Sensex is higher at 27787.62 for a gain of 40.96 points or 0.15 percent.

In Europe, the FTSE 100 is lower at 6669.28 for a loss of -26.14 points or -0.39 percent. Germany’s DAX is lower at 9939.83 for a loss of -123.30 points or -1.23 percent. France’s CAC 40 is lower at 4310.42 for a loss of -47.32 points or -1.09 percent. The Stoxx Europe 600 is lower at 335.57 for a loss of -3.13 points or -0.92 percent.

Tuesday’s Factors and Events

Stocks are pointing lower in pre-market trading as valuations are pulling back slightly after record highs and a long list of earnings are on the corporate calendar for the day. On the economic calendar for Tuesday, the only leading market report is Housing Starts which will be released at 8:30 AM EST.

The following stocks are trading actively in the pre-market: Johnson & Johnson, International Business Machines, Hasbro, Merck, Bristol-Myers Squibb, Netflix, Alcoa, Nucor and Citigroup.

Earnings on the calendar for the day included the following: TD Ameritrade Holding Corporation, Belden Inc., Genuine Parts Company, Goldman Sachs Group Inc., W.W. Grainger, Inc., Hanmi Financial Corporation, Kuehne & Nagel International AG, Kone Oyj, Kansas City Southern, Lockheed Martin, Neogen Corporation, Prologis, Telenor ASA, Tile Shop Holdings, Inc., UbiSoft Entertainment Inc., Wipro Limited, Allied World Assurance Company Holdings, AG, Cintas Corporation, Discover Financial Services, Exponent, Inc., First Midwest Bancorp, Inc., Fulton Financial Corporation, Blackhawk Network Holdings, Inc., Helix Energy Solutions Group, Inc.., Interactive Brokers Group, Inc., Intuitive Surgical, Inc., LegacyTexas Financial Group Inc., Manhattan Associates, Inc., Microsoft Corporation, Navient Corp, Pinnacle Financial Partners, Inc., Pzena Investment Management, Inc., RLI Corp., Renasant Corporation, United Financial Bancorp, Inc., United Community Financial Corp., WesBanco and Wintrust Financial Corporation.

Monday’s Activity

For the day the Dow Jones Industrial Average closed at 18533.05 for a gain of 16.50 points or 0.09 percent. The S&P 500 was also higher, closing at 2166.89 for a gain of 5.15 points or 0.24 percent. Both the Dow Jones Industrial Average and S&P 500 closed at new highs for the day. The Nasdaq Composite was also higher Monday, closing at 5055.78 for a gain of 26.19 points or 0.52 percent.

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Source: Google Finance

Other notable index closes included the small-cap Russell 2000, higher for the day at 1207.91 for a gain of 2.60 points or 0.22 percent; the S&P 600 closing at 741.31 for a gain of 0.59 points or 0.08 percent; the S&P 400 Mid-Cap Index which closed at 1545.07 for a gain of 1.44 points or 0.09 percent; the S&P 100 Index closing at 958.71 for a gain of 2.79 points or 0.29 percent; the Russell 3000 Index closing at 1278.31 for a gain of 2.98 points or 0.23 percent; the Russell 1000 Index closing at 1199.35 for a gain of 2.81 points or 0.23 percent; and the Dow Jones U.S. Select Dividend Index closing at 624.81 for a loss of -1.03 points or -0.16 percent.