Dow Futures Opening Update as on 12 June 2017

U.S. stock futures are lower in pre-market trading for Monday, June 12. The Dow Futures are trading at 21,171.00  with a loss of  -0.17% percent or -36.00 point . The S&P 500 Futures are trading at 2,421.50  with a loss of  -0.28% percent or -6.75 point. The Nasdaq Futures are trading at 5,690.62 with a loss of  -0.17% percent or -35.50 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 19,908.58 with a loss of –0.52% percent or  –104.68 point. Hong Kong’s Hang Seng are trading at 25,708.04 with a loss of –1.24% percent or –322.25 point. China’s Shanghai Composite are trading at 3,139.88  with a loss of –0.59% percent or +18.52point. India’s S&P BSE Sensex are trading at 31,095.70 with a loss of –0.53% percent or –166.36 point. In Europe, the FTSE 100 are trading at 7,520.92  with  a loss of  –0.09% percent or – 6.41 point. Germany’s DAX are trading at 12,691.88  with a loss of  –0.97% percent or –123.84 point. France’s CAC 40 are trading at 5,244.46  with a loss of –1.04% percent or –55.25 point. The Stoxx Europe 600 are trading at 386.81 with a loss of -0.92% percent or -3.58 point.

Monday’s Factors and Events

Nasdaq futures fell 1 percent on Monday as technology stocks resumed their downward trajectory from the previous session.

Shares of Apple dropped nearly 2.5 percent in the premarket after Mizuho Securities downgraded the stock to neutral from buy, noting the best-case scenario is priced into the shares. Amazon and Google-parent Alphabet were also under pressure, declining 1.2 percent and 0.8 percent, respectively.

The technology sector dropped 2.74 percent on Friday, marking its worst daily performance since May 17, when it fell 2.79 percent.

 Dow and S&P futures also fell on Monday, trading 17 points and 4 points lower, respectively.

Traders also kept an eye on the latest political elections in Europe and looked ahead to the Federal Reserve’s latest meeting later this week.

The U.S. central bank is set to announce on Wednesday whether, as widely anticipated, it is to raise interest rates.

Friday’s Activity

U.S. market indexes were mixed on  Friday. For the day the Dow Jones Industrial Average closed at 21,271.97 for up with  +0.42% percent or +89.44 point. The S&P 500 closed at 2,431.77  with  a loss of  –0.08% percent or –2.02 point.The Nasdaq Composite closed at 6,207.92  with a loss of  –1.80% percent or +113.85  point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,421.71 for up with +0.43% percent or +6.09 point; the S&P 600 Small-Cap Index closed at 864.11 for up with +0.73% percent or +6.23 point; the S&P 400 Mid-Cap Index closed at 1,757.54 for up with +0.39% percent or +6.78 point; the S&P 100 Index closed at 1,071.90 with a loss of –0.11% percent or –1.14 point; the Russell 3000 Index closed at 1,441.25  with a loss of  -0.05% percent or -0.70 point; the Russell 1000 Index closed at 1,347.51  with a loss of  -0.09% percent or -1.18 point; and the Dow Jones U.S. Select Dividend Index closed at 21,271.97 for up with +0.42% percent or +89.44 point.

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