U.S. stock futures are lower in pre-market trading for Thursday, June 29.The Dow Futures are trading at 21,438.50 for up with +0.17% percent or +36.50 point. The S&P 500 Futures are trading at 2,444.50 for up with +0.25% percent or +6.00 point.The Nasdaq Futures are trading at 5,754.50 with a loss of -0.16% percent or -9.00 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,220.30 for up with +0.45% percent or +89.89 point. Hong Kong’s Hang Seng are trading at 25,965.42 for up with + 1.10% percent or +281.92 point. China’s Shanghai Composite are trading at 3,188.06 for up with +0.47% percent or +14.86 point. India’s S&P BSE Sensex are trading at 30,857.52 for up with +0.08% percent or 23.20 point at 12:26 PM . In Europe, the FTSE 100 are trading at 7,419.89 for up with 0.43% percent or +32.09 point. Germany’s DAX are trading at 12,633.93 with a loss of –0.11% percent or –13.34 point. France’s CAC 40 are trading at 5,224.91 with a loss of –0.53% percent or –27.99 point. The Stoxx Europe 600 are trading at 385.32 with a loss of -0.13% percent or -0.46 point.
Thursday’s Factors and Events
The Dow Jones industrial average jumped about 140 points with Goldman Sachs contributing the most gains. Caterpillar was the best-performing stocks in the index, rising 2.4 percent.
“A part of the equity rise today is to make up for what the markets thought to be excess pessimism,” said Komal Sri-Kumar, president of Sri-Kumar Global Strategies.
The SPDR S&P Bank exchange-traded fund (KBE), which tracks large banks, spiked 1.4 percent higher as investors braced for the release of the Federal Reserve’s stress test results.
Analysts expect several big banks to come out of the test with substantial increases in return to shareholders — potentially using cash reserves to pay out more than 100 percent of their profits. As a result, higher figures would also reflect banks’ confidence in their own financial health.
U.S. market were higher on Wednesday. For the day the Dow Jones Industrial Average closed at 21,454.61 for up with +0.68% percent or +143.95 point. The S&P 500 closed at 2,440.69 for up with +0.88% percent or +21.31 point. The Nasdaq Composite closed at 6,234.41 for up with +1.43% percent or +87.79 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,426.39 for up with +1.47% percent or+20.65 point; the S&P 600 Small-Cap Index closed at 860.54 for up with +1.53% percent or +12.96 point; the S&P 400 Mid-Cap Index closed at 1,755.79 for up with +1.11% percent or +19.21 point; the S&P 100 Index closed at 1,075.74 for up with + 0.88% percent or +9.38 point; the Russell 3000 Index closed at 1,446.97 for up with of +0.94% percent or +13.53 point; the Russell 1000 Index closed at 1,353.01 for up with +0.89% percent or +11.99 point; and the Dow Jones U.S. Select Dividend Index closed at 21,454.61 for up with +0.68% percent or +143.95 point.