Dow Futures Opening Update as on 10 July 2017

U.S. stock futures are higher in pre-market trading for Monday, July 10. The Dow Futures are trading at 21,356.50 for up with +0.44% percent or +94.30 point. The S&P 500 Futures are trading at 2,423.38 for up with  +0.04% percent or +0.88 point.The Nasdaq Futures are trading at 5,668.25 with up with +0.22% percent or +12.50 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,080.98 for up  with +0.76% percent or +151.89 point. Hong Kong’s Hang Seng are trading at 25,500.06 for up with  +0.63% percent or +159.21 point. China’s Shanghai Composite are trading at 3,212.63 with a loss of -0.17% percent or +5.32 point. India’s S&P BSE Sensex are trading at 31,715.64 for up with  + 1.13% percent or +355.01 point at 12:15 PM.In Europe, the FTSE 100 are trading at 7,347.43 with a loss of –0.05% percent or –3.64 point. Germany’s DAX are trading at 12,425.94 for up with  +0.29% percent or +36.32 point. France’s CAC 40 are trading at 5,151.92 for up  with  +0.13% percent or +6.76 point. The Stoxx Europe 600 are trading at 381.00 for up with  +0.22% percent or +0.81 point.

Monday’s Factors and Events

The Dow Jones Industrial Average DJIA, +0.44% and the S&P 500 index SPX, +0.64% the most popular stock-market gauges, usually move in lockstep, displaying what is known as a positive correlation. But in recent trade, the equity indicators have seen the lowest level of correlation since 2003, according to data from WSJ Market Data Group, tracking a 20-day rolling average of the benchmarks over the past 15 years.
A 15-year average of the Dow and the S&P 500 shows that the relationship is nearly perfect at 0.9557. However, the rolling 20-day period shows a stark erosion of that relationship, with a reading of 0.4655. marking the lowest level of correlation between the S&P and the Dow industrials since Aug. 4, 2003.

Friday’s Activity

U.S. market were higher on Friday. For the day the Dow Jones Industrial Average closed at 21,414.34 for up with +0.44% percent or  +94.30 point. The S&P 500 closed at 2,425.18 for up with +0.64% percent or 15.43 point. The Nasdaq Composite closed at 6,153.08 for up with +1.04% percent or +63.61 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,415.84 for up with +1.07% percent or +15.02 point; the S&P 600 Small-Cap Index closed at 854.73 for up with + 1.14% percent or +9.66 point; the S&P 400 Mid-Cap Index closed at 1,747.36 for up with +0.96% percent or +16.61point; the S&P 100 Index closed at 1,068.65 for up with +0.56% percent or +5.90 point; the Russell 3000 Index closed at 1,437.11 for up with of +0.70% percent or +9.95 point; the Russell 1000 Index closed at 1,343.78 for up with +0.67% percent or +8.90 point; and the Dow Jones U.S. Select Dividend Index closed at 21,414.34 for up with  +0.44%  percent or +94.30 point.

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