Dow Futures Opening Update as on 16 June 2017

U.S. stock futures are lower in pre-market trading for Friday, June 16.The Dow Futures are trading at 21,343.50 for up with  +0.12% percent or +25.00 point. The S&P 500 Futures are trading at 2,435.25 for up with  +0.13% percent or +3.25 point. The Nasdaq Futures are trading at 5,719.12 for up with  +0.17% percent or +9.87 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 19,943.26 for up with  +0.56% percent or +111.44 point. Hong Kong’s Hang Seng are trading at 25,626.49 for up with  +0.24% percent or +61.15 point. China’s Shanghai Composite are trading at 3,123.17 with a loss of –0.30% percent or – 9.32 point. India’s S&P BSE Sensex are trading at 31,056.40 with a loss of –0.06% percent or –19.33 point. In Europe, the FTSE 100 are trading at 7,466.11 for up with +0.63% percent or +46.75 point. Germany’s DAX are trading at 12,730.93 for up with  +0.31% percent or  +39.12 point. France’s CAC 40 are trading at 5,254.12 for up  with  +0.71% percent or +37.24 point. The Stoxx Europe 600 are trading at 388.23 for up with 0.56% percent or +2.17 point.

Friday’s Factors and Events

U.S. equities closed lower on Friday as large-cap technology stocks faced renewed pressure.

The Dow Jones industrial average fell about 15 points, with Goldman Sachs contributing the most losses. The 30-stock index briefly fell more than 100 points earlier in the session.

The S&P 500 dropped 0.2 percent with information technology sliding 0.5 percent; the sector briefly fell more than 1 percent. The Nasdaq composite pulled back about 0.5 percent after falling more than 1 percent earlier on Thursday.

 “What’s happening here is people are equating FANG to tech more broadly, and that’s a mistake,” said Michael Arone, chief investment strategist at State Street Global Advisors. “About 74 percent of the tech sector are outperforming the market.”

Thursday’s Activity

U.S. market indexes were lower on Thursday. For the day the Dow Jones Industrial Average closed at 21,359.90 with a loss of –0.07% percent or –14.66 point. The S&P 500 closed at 2,432.46 with a loss of –0.22% percent or –5.46 point. The Nasdaq Composite closed at 6,165.50 with a loss of –0.47% percent or –29.39 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,410.08 with a loss of -0.53% percent or -7.49 point; the S&P 600 Small-Cap Index closed at 856.96 with a loss of –0.49% percent or – 4.19 point; the S&P 400 Mid-Cap Index closed at 1,753.30 with a loss of –0.47% percent or –8.36 point; the S&P 100 Index closed at 1,071.66 with a loss of –0.22% percent or –2.34 point; the Russell 3000 Index closed at 1,440.94 with a loss of -0.26% percent or -3.80 point; the Russell 1000 Index closed at 1,348.10 with a loss of -0.24% percent or -3.26 point; and the Dow Jones U.S. Select Dividend Index closed at 21,359.90  with a loss of –0.07% percent or –14.66 point.

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