Dow Futures Opening Update as on 18 July 2017

U.S. stock futures are lower in pre-market trading for Tuesday, July 18. The Dow Futures are trading at 21,582.50 with a loss of -0.01% percent or -3.00 point. The S&P 500 Futures are trading at 2,456.62 with a loss of -0.08% percent or -1.88 point. The Nasdaq Futures are trading at 5,847.12 with a loss of -0.13% percent or -7.88 point.

In overnight trading in the Eastern Hemisphere,  Japan’s Nikkei 225 are trading at 19,999.91 with a loss of – 0.59% percent or –18.95 point. Hong Kong’s Hang Seng are trading at 26,466.88 with a loss of –0.01% percent or –3.70 point. China’s Shanghai Composite are trading at 3,178.43 for up with  +0.06% percent or  +1.97 point. India’s S&P BSE Sensex are trading at 31,828.72  with a loss of –0.77% percent or –246.06 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,404.26  with 0.00% percent or +0.13 point. Germany’s DAX are trading at 12,447.09 with a loss of –1.11% percent or –140.07 point. France’s CAC 40 are trading at 5,190.70 with a loss of –0.75% percent or –39.47 point. The Stoxx Europe 600 are trading at 383.82  with a loss of -0.77% percent or -3.00 point.

Tuesday’s Factors and Events

Among other blue-chip firms reporting on Tuesday, shares in Goldman Sachs (NYSE:GS) initially took a hit, falling more than 1% in pre-market trade after the broker reported a 0.5% drop in revenue. Shares had since recovered somewhat and investors appeared to find solace in the better-than-expected numbers and were last off only 0.3% in volatile trade.

Outside the blue chip index, Bank of America (NYSE:BAC) was off 0.4% despite releasing numbers that beat on both the top and bottom line.

On the political front, a second attempt by Republicans to replace Obamacare collapsed, delivering a major policy blow to the Trump administration.

Republican Senators Jerry Moran and Mike Lee announced their opposition to a revised Republican healthcare bill late on Monday.

The setback triggered a selloff in the dollar, with the greenback falling to 11-month lows against major rivals.

Monday’s Activity

U.S. market  were mixed on Monday.For the day the Dow Jones Industrial Average closed at 21,629.72 with a loss of –0.04% percent or –8.02 point. The S&P 500 closed at 2,459.14 with a loss of – 0.01% percent or –0.13 point. The Nasdaq Composite closed at 6,314.43  for up with  +0.03% percent or +1.97 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,431.60 for up with +0.19% percent or +2.79 point; the S&P 600 Small-Cap Index closed at 865.12 for up with +0.28% percent or +2.42 point; the S&P 400 Mid-Cap Index closed at 1,768.15 for up with +0.16% percent or +2.83 point; the S&P 100 Index closed at 1,082.45 with a loss of –0.06% percent or –0.68 point; the Russell 3000 Index closed at 1,456.97 for up with +0.02% percent or +0.25 point; the Russell 1000 Index closed at 1,362.64  with 0.00% percent or +0.03 point; and the Dow Jones U.S. Select Dividend Index closed at 21,629.72  with a loss of  –0.04% percent or –8.02 point.

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