U.S. stock futures are lower in pre-market trading for Friday, January 10.The Dow Futures are trading at 6,658.75 with a loss of -0.42% percent or -28.25 point. The S&P 500 Futures are trading at 25,295.00 with a loss of -0.31% percent or -78.00 point.The Nasdaq Futures are trading at 6,653.00 with a loss of -0.51% percent or –34.00 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 23,788.20 with a loss of -0.26% percent or -61.79 point. Hong Kong’s Hang Seng are trading at 31,073.72 for up with +0.20% percent or +62.31 point. China’s Shanghai Composite are trading at 3,421.83 for up with +0.23% percent or +7.93 point. India’s BSE Sensex are trading at 34,366.42 with a loss of -0.22% percent or +76.77 point at 12:15 PM.The FTSE 100 are trading at 7,723.22 with a loss of -0.10% percent or -7.80 point. Germany’s DAX are trading at 13,292.44 with a loss of -0.70% percent or -93.15 point. France’s CAC 40 are trading at 5,510.10 with a loss of -0.25% percent or -13.84 point. The Stoxx Europe 600 are trading at 398.76 with a loss of -0.34% percent or -1.41 point.
Wednesday’s Factors and Events
U.S. stock index futures pointed to a negative open on Wednesday, as investors paused for breath amid a strong set of sessions seen on Wall Street.
In the previous trading day, U.S. equities hit record highs, as optimism remained high ahead of the corporate earnings season.
Markets have been outperforming as of late, after President Donald Trump signed a bill in December to cut the corporate tax rate from 35 percent to 21 percent.
On Wednesday, markets worldwide seemed to be pulling back from recent highs, as investors take note of the current market environment. Concerns have also been emanating for the bond markets as the benchmark 10-year U.S. Treasury yield rose to its highest level since March on Tuesday, surpassing 2.5 percent.
U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 25,385.80 for up with +0.41% percent or +102.80 point. The S&P 500 closed at 2,751.29 for up with +0.13% percent or +3.58 point. The Nasdaq Composite closed at 7,163.58 for up with +0.09% percent or +6.19 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,560.10 with a loss of -0.11% percent or -1.71 point; the S&P 600 Small-Cap Index closed at 949.60 with a loss of -0.06% percent or -0.59 point; the S&P 400 Mid-Cap Index closed at 1,942.50 with a loss of -0.19% percent or -3.61 point; the S&P 100 Index closed at 1,218.12 for up with +0.17% percent or +2.02 point; the Russell 3000 Index closed at 1,625.92 for up with +0.10% percent or +1.57 point; the Russell 1000 Index closed at 1,523.57 for up with +0.11% percent or +1.73 point; and the Dow Jones U.S. Select Dividend Index closed at 25,385.80 for up with +0.41% percent or +102.80 point.