U.S. stock futures are lower in pre-market trading for Wednesday, June 21.The Dow Futures are trading at 21,434.50 with a loss of -0.01% percent or -2.50 point. The S&P 500 Futures are trading at 2,433.75 with a loss of -0.15% percent or –61.85 point.The Nasdaq Futures are trading at 5,725.12 with a loss of -0.13% percent or -7.37 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 20,138.79 with a loss of –0.45% percent or –91.62 point. Hong Kong’s Hang Seng are trading at 25,694.58 with a loss of –0.57% percent or – 148.46 point. China’s Shanghai Composite are trading at 3,156.21 for up with +0.52% percent or +16.20 point. India’s S&P BSE Sensex are trading at 31,283.64 with a loss of –0.04% percent or –13.89 point. In Europe, the FTSE 100 are trading at 7,431.55 with a loss up –0.55% percent or –41.35 point. Germany’s DAX are trading at 12,752.15 with a loss of –0.49% percent or –62.64 point. France’s CAC 40 are trading at 5,253.86 with a loss of –0.75% percent or –39.79 point. The Stoxx Europe 600 are trading at 387.59 with a loss of -0.43% percent or -1.68 point.
Wednesday’s Factors and Events
U.S. government debt prices were lower on Wednesday, as investors turned their attention to new data releases and the moves in the oil market.
The yield on the benchmark 10-year Treasury note sat higher at around 2.162 percent at 7:56 a.m. ET, while the yield on the 30-year Treasury bond was slightly higher at 2.74 percent. Bond yields move inversely to prices.
The oil market is dominating markets across the globe on Wednesday, after prices fell sharply on Tuesday. This came as investors showed concern over the strength of compliance by OPEC and non-OPEC countries when it comes to slashing production.
On the central bank front, the Bank of Japan released its minutes from its monetary policy meeting in April. The minutes showed that policymakers expected the amount of government debt purchases to oscillate under its quantitative easing program, according to Reuters.
U.S. market indexes were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 21,467.14 with a loss of –0.29% percent or –61.85 point.The S&P 500 closed at 2,437.03 with a loss of –0.67% percent or –16.43 point. The Nasdaq Composite closed at 6,188.03 with a loss of –0.82% percent or – 50.98 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,402.97 with a loss of -1.07% percent or -15.11 point; the S&P 600 Small-Cap Index closed at 846.74 with a loss of –1.21% percent or –10.41 point; the S&P 400 Mid-Cap Index closed at 1,745.41 with a loss of- 1.07% percent or –18.79 point; the S&P 100 Index closed at 1,074.69 with a loss of –0.61% percent or –6.55 point; the Russell 3000 Index closed at 1,442.33 with a loss of -0.72% percent or -10.49 point; the Russell 1000 Index closed at 1,350.06 with a loss of -0.69% percent or -9.44 point; and the Dow Jones U.S. Select Dividend Index closed at 21,467.14 with a loss of –0.29% percent or -0.69% point.