U.S. stock futures are higher in pre-market trading for Tuesday, July 11. The Dow Futures are trading at 21,340.00 with a loss of -0.09% percent or -19.00 point.The S&P 500 Futures are trading at 2,421.88 with a loss of -0.11% percent or -2.62 point.The Nasdaq Futures are trading at 5,685.38 with a loss of -0.15% percent or -8.62 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 20,195.48 for up with +0.57% percent or +114.50 point. Hong Kong’s Hang Seng are trading at 25,879.50 for up with +1.49% percent or +379.44 point. China’s Shanghai Composite are trading at 3,203.16 with a loss of –0.29% percent or –9.47 point. India’s S&P BSE Sensex are trading at 31,838.34 for up with + 0.39% percent or +22.70 point at 12:15 PM .In Europe, the FTSE 100 are trading at 7,307.06 with a loss of –0.85% percent or –62.99 point. Germany’s DAX are trading at 12,460.70 for up with +0.12% percent or +14.78 point. France’s CAC 40 are trading at 5,152.51 with aloss of –0.25% percent or –13.13 point. The Stoxx Europe 600 are trading at 380.13 with a loss of -0.40% percent or -1.52 point.
Tuesday’s Factors and Events
Wall Street futures pointed to a flat to lower open Tuesday as market players opted to take a pause with stocks ahead of what could be key references from the Federal Reserve (Fed) on the timing of further removal of accommodative policy, eyed the start of Amazon’s big sales celebration and watched as Snap pulled further away from it’s the price of its initial public offering (IPO).
The blue-chip Dow futures slipped 18 points, or 0.08%, at 7:15AM ET (11:15GMT), the S&P 500 futures gave up 3 points, or 0.10%, while the tech-heavy Nasdaq 100 futures dropped 5 points, or 0.09%.
Investors looked hesitant to place any big bets on U.S. equities ahead of Federal Reserve (Fed) chair Janet Yellen’s testimony to Congress on Wednesday as they search for clues on the path for further interest rate hikes and balance sheet normalization at the U.S. central bank
U.S. market were mixed on Monday. For the day the Dow Jones Industrial Average closed at 21,408.52 with a loss of –0.03% percent or –5.82 point.The S&P 500 closed at 2,427.43 for up with +0.09% percent or +2.25 point. The Nasdaq Composite closed at 6,176.39 for up with +0.38% percent or +23.31 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,408.47 with a loss of -0.52% percent or -7.36 point; the S&P 600 Small-Cap Index closed at 849.34 with a loss of – 0.63% percent or –5.39 point; the S&P 400 Mid-Cap Index closed at 1,743.07 with a loss of –0.25% percent or –4.29 point; the S&P 100 Index closed at 1,069.62 for up with +0.09% percent or +0.97 point; the Russell 3000 Index closed at 1,437.43 for up with of +0.02% percent or +0.31 point; the Russell 1000 Index closed at 1,344.67 for up with +0.07% percent or +0.90 point; and the Dow Jones U.S. Select Dividend Index closed at 21,408.52 with a loss of –0.03% percent or – 5.82 point.