U.S. stock futures are lower in pre-market trading for Wednesday, June 28.The Dow Futures are trading at 21,313.50 for up with +0.11% percent or +22.50 point. The S&P 500 Futures are trading at 2,424.00 for up with +0.14% percent or +3.50 point.The Nasdaq Futures are trading at 5,669.62 with a loss of -0.12% percent or -6.88 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,130.41 with a loss of -0.47% percent or –94.68 point. Hong Kong’s Hang Seng are trading at 25,683.50 with a loss of –0.61% percent or –156.49 point. China’s Shanghai Composite are trading at 3,173.20 with a loss of –0.56% percent or –18.00 point. India’s S&P BSE Sensex are trading at 30,834.32 with a loss of –0.40% percent or –123.93 point at 12:26 PM. In Europe, the FTSE 100 are trading at 7,434.20 with 0.00% percent or –0.16 point. Germany’s DAX are trading at 12,612.74 with a loss of –0.46% percent or –58.28 point. France’s CAC 40 are trading at 5,245.45 with a loss of –0.25% percent or –13.13 point. The Stoxx Europe 600 are trading at 384.56 with a loss of -0.34% percent or -1.31 point.
Wednesday’s Factors and Events
The market might react to latest report on pending home sales Index for May, as well as mortgage applications for the week. The traders are waiting for the second quarter GDP to be published on Thursday. Asian shares closed broadly down, while European shares are trending downward. The early signals from U.S. Futures Index suggest that Wall Street might open broadly higher.
As of 6:30 am ET, the Dow futures were adding 20 points, the S&P 500 futures were progressing 3.00 points and the Nasdaq 100 futures are slipping 14.50 points.
U.S. stocks closed mostly lower on Wednesday. The Dow fell 98.89 points or 0.5 percent to 21,310.66, the Nasdaq tumbled 100.53 points or 1.6 percent to 6,146.62 and the S&P 500 slid 19.69 points or 0.8 percent to 2,419.38.
On the economic front, The Mortgage Bankers’ Association’s Mortgage Applications for the week will be issued at 7.00 am ET. In the previous week, the composite index was up 0.6 percent.
Tuesday’s Activity
U.S. market indexes were lower on Tuesday For the day the Dow Jones Industrial Average closed at 21,310.66 with a loss of –0.46% percent or –98.89 point. The S&P 500 closed at 2,419.38 with a loss of –0.81% percent or –19.69 point. The Nasdaq Composite closed at 6,146.62 with a loss of –1.61% percent or –100.53 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,403.52 with a loss of -0.93% percent or -13.12 point; the S&P 600 Small-Cap Index closed at 847.58 with a loss of –0.80% percent or –6.86 point; the S&P 400 Mid-Cap Index closed at 1,736.58 with a loss of –0.81% percent or –14.17 point; the S&P 100 Index closed at 1,066.36 with a loss of –0.83% percent or –8.90 point; the Russell 3000 Index closed at 1,433.44 with a loss of -0.84% percent or -12.08 point; the Russell 1000 Index closed at 1,341.03 with a loss of -0.83% percent or -11.20 point; and the Dow Jones U.S. Select Dividend Index closed at 21,310.66 with a loss of –0.46% percent or –98.89 point.