U.S. stock futures are pointing higher in pre-market trading for Tuesday, September 27. The Dow Futures are at 18048.0 for a gain of 34.00 points. The S&P 500 Futures are at 2144.5 for a gain of 4.75. The Nasdaq Futures are at 4825.5 for a gain of 10.50 points. The Russell Futures are at 1240.9 for a gain of 4.10 points.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is at 16683.93 for a gain of 139.37 points or 0.84 percent. Hong Kong’s Hang Seng Index is at 23571.90 for a gain of 253.98 points or 1.09 percent. China’s Shanghai Composite is at 2998.17 for a gain of 17.74 points or 0.60 percent. India’s S&P BSE Sensex is at 28223.70 for a loss of -70.58 points or -0.25 percent. In Europe, the FTSE 100 is at 6802.12 for a loss of -15.92 points or -0.23 percent. Germany’s DAX is at 10305.54 for a loss of -88.17 points or -0.85 percent. France’s CAC 40 is at 4384.02 for a loss of -23.83 points or -0.54 percent. The Stoxx Europe 600 is at 338.56 for a loss of -1.44 points or -0.42 percent.
Tuesday’s Factors and Events
Stocks futures are higher Tuesday after investors were mostly happy with debate discussions. Hillary Clinton appears to be pulling ahead as the election gets closer.
Oil prices will likely be a factor in trading Tuesday. Prices have fallen after reports that the Saudis and Iran will not reach a deal to freeze production.
On the economic calendar for Tuesday are the following reports: the S&P Case-Shiller HPI, the PMI Services Flash report, Consumer Confidence, the Richmond Fed Manufacturing Index and the State Street Investor Confidence Index.
Stocks trading actively in the pre-market include the following:
Endo International
Michael Kors
Marriott International
Bed Bath & Beyond
Transocean Ltd
Western Digital Corp.
Chipotle Mexican Grill
Diamond Offshore Drilling
Stocks to watch for the day include Nike, which will report earnings after the closing bell. Twitter which could potentially be up for sale. Deutsche Bank will also be on watch as the company could be forced to pay fines over subprime mortgages.
Monday’s Activity
U.S. market indexes were lower Monday. For the day the Dow Jones Industrial Average closed at 18094.83 for a loss of -166.62 points or -0.91 percent. The S&P 500 was also lower, closing at 2146.10 for a loss of -18.59 points or -0.86 percent. The Nasdaq Composite closed lower at 5257.49 for a loss of -48.26 points or -0.91 percent.
Source: DJIA, S&P 5oo and Nasdaq Composite. Google Finance.
Other notable index closes included the small-cap Russell 2000 Index lower at 1240.94 for a loss of -13.68 points or -1.09 percent; the S&P 600 Small-Cap Index lower at 750.08 for a loss of -9.31 points or -1.23 percent; the S&P 400 Mid-Cap Index at 1542.52 for a loss of -8.30 points or -0.54 percent; the S&P 100 Index at 948.76 for a loss of -9.19 points or -0.96 percent; the Russell 3000 Index at 1272.31 for a loss of -10.76 points or -0.84 percent; the Russell 1000 Index at 1190.64 for a loss of -9.82 points or -0.82 percent; and the Dow Jones U.S. Select Dividend Index at 614.67 for a loss of -4.29 points or -0.69 percent.