Dow Futures Opening Update as on 06 July 2017

U.S. stock futures are higher in pre-market trading for Thursday, July 06. The Dow Futures are trading at 21,344.50 with a loss of -0.36% percent or -77.50 point. The S&P 500 Futures are trading at 2,418.00 with a loss of  -0.41% percent or -10.00 point.The Nasdaq Futures are trading at 5,609.50 with a loss of -0.74% percent or -42.00 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,994.06  with a loss of –0.44% percent or –87.57 point. Hong Kong’s Hang Seng are trading at 25,503.31 with a loss of –0.05% percent or –12.22 point. China’s Shanghai Composite are trading at 3,215.05 for up with +0.25% percent or +8.23 point. India’s S&P BSE Sensex are trading at  31,395.51  for up with  +0.49% percent or +151.98 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,310.95  with a loss of  -0.76% percent or –56.87 point. Germany’s DAX are trading at 12,343.76 with a loss of  –0.88% percent or  –109.29 point. France’s CAC 40 are trading at 5,122.35 with a loss of –1.11% percent or –57.75 point. The Stoxx Europe 600 are trading at 379.21 with a loss of -0.99% percent or -3.90 point.

Thursday’s Factors and Events

U.S. stock index futures were lower Thursday ahead of a batch of data on the jobs market and the services sector.
The Dow futures was off 0.32% at 7:30 ET. TheDJI closed off 0.01% overnight.The S&P 500 futures fell 0.40%. The tech-heavy Nasdaq 100 futures shed 0.78%.The minutes of the June FOMC meeting endorsed the idea of another rate hike this year.But there was a lack of consensus of the timing of the start of balance sheet tapering.
There were also doubts about inflation despite a tightening labor market.ADP nonfarm payroll data and initial jobless claims data are due out before the opening bell.The ISM non-manufacturing PMI is scheduled for release after the market opens.
The dollar index dipped below the 96 mark.Oil rebounded from sharp losses after API reported a big draw in U.S. crude stocks. EIA inventories ahead.(NASDAQ:Tesla) extended sharp losses overnight in pre-market trade after a Goldman Sachs (NYSE:GS) downgrade.

Wednesday’s Activity

U.S. market  were mixed on Wednesday. For the day the Dow Jones Industrial Average closed at 21,478.17  with a loss of -0.01% percent or –1.10 point. The S&P 500 closed at 2,432.54 for up with +0.15% percent or +3.53 point. The Nasdaq Composite closed at 6,150.86 for up with  +0.67% percent or +40.80 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,420.15 with a loss of -0.46% percent or -6.54 point; the S&P 600 Small-Cap Index closed at 857.25 with a loss of –0.71% percent or –6.09 point; the S&P 400 Mid-Cap Index closed at 1,751.94 with a loss of  –0.35% percent or –6.10 point; the S&P 100 Index closed at 1,072.77 for up with +0.21% percent or +2.27 point; the Russell 3000 Index closed at 1,441.80 for up with of +0.06% percent or +0.80 point; the Russell 1000 Index closed at 1,348.18 for up with +0.10% percent or +1.32 point; and the Dow Jones U.S. Select Dividend Index closed at 21,478.17 with a loss of-0.01% percent or –1.10 point.