U.S. stock futures are lower in pre-market trading for Friday, July 28.The Dow Futures are trading at 21,710.50 with a loss of -0.15% percent or -32.50 point.The S&P 500 Futures are trading at 2,465.00 with a loss of -0.28% percent or -7.00 point.The Nasdaq Futures are trading at 5,874.00 with a loss of -0.60% percent or -35.50 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,959.84 with a loss of –0.60% percent or –119.80 point. Hong Kong’s Hang Seng are trading at 26,989.71 with a loss of –0.52% percent or –141.46 point. China’s Shanghai Composite are trading at 3,252.53 for up with +0.08% percent or +2.75 point. India’s S&P BSE Sensex are trading at 32,233.18 with a loss of –0.46% percent or –150.12 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,398.81 with a loss of –0.59% percent or –44.20 point. Germany’s DAX are trading at 12,161.36 with a loss of –0.41% percent or –50.68 point. France’s CAC 40 are trading at 5,132.97 with a loss of –1.04% percent or –53.98 point. The Stoxx Europe 600 are trading at 378.84 with a loss of -0.91% percent or -3.48 point.
Friday’s Factors and Events
U.S. stock index futures were lower on Friday as Amazon’s profit miss took a toll on technology shares.
* Amazon’s AMZN.O shares were down 2.96 percent in premarket trading after it reported a 77 percent drop in profit as its rapid and costly expansion into new shopping categories and countries showed no sign of slowing. The fall weighed on the tech index, which has been the best performing sector this year, leading the S&P 500’s 10.6 percent run in 2017.
* Facebook FB.O , Google parent Alphabet GOOGL.O and Netflix NFLX.O , part of the high-flying “FANG” stocks, were also lower.
* The Dow Jones Transport Average .DJT , often seen as a gauge of the economy’s health, closed down 3.1 percent on Thursday, dragged lower by a worrisome outlook from package delivery company United Parcel Service UPS.N .
Still, the Dow industrials posted a record closing high, helped by strong quarterly earnings.
U.S. market indexes were Mixed on Thursday. For the day The Dow Jones Industrial Average closed at 21,796.55 for up with +0.39% percent or +85.54 point. The S&P 500 closed at 2,475.42 with a loss of –0.10% percent or –2.41 point.The Nasdaq Composite closed at 6,382.19 with a loss of –0.63% percent or –40.56 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,433.62 with a loss of -0.60% percent or -8.66 point; the S&P 600 Small-Cap Index closed at 866.69 with a loss of –0.41% percent or –3.54 point; the S&P 400 Mid-Cap Index closed at 1,771.02 with a loss of –0.32% percent or –5.67 point; the S&P 100 Index closed at 1,092.25 for up with +0.07% percent or +0.78 point; the Russell 3000 Index closed at 1,465.88 with a loss of –0.18% percent or –2.67 point; the Russell 1000 Index closed at 1,371.50 with –0.15% percent or –2.03 point; and the Dow Jones U.S. Select Dividend Index closed at 21,796.55 for up with +0.39% percent or +85.54 point.