Dow Futures Opening Update as on 21 February 2018

U.S. stock futures are mixed in pre-market trading for wednesday, February 21. The Dow Futures are trading at 24,917.00  with a loss of  -0.12% percent or -31.00 point. The S&P 500 Futures are trading at 2,711.50  with a loss of -0.09% percent or -2.50 point.The Nasdaq Futures are trading at 6,797.25 for up with +0.10% percent or +6.75 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,970.81  for up with +0.21% percent or  +45.71 point. Hong Kong’s Hang Seng are trading at 31,439.04 for up with +1.83% percent or +565.41 point. China’s Shanghai Composite are trading at 3,199.16 for up with +0.45% percent or +14.20 point. India’s BSE Sensex are trading at 33,750.16 for up with +0.14% percent or +46.57  point at 12:15 PM.The FTSE 100 are trading at 7,231.33  with a loss of  -0.21% percent or  -15.44 point. Germany’s DAX are trading at 12,419.18  with a loss of  -0.55% percent or  -68.72 point. France’s CAC 40 are trading at 5,273.40 with a loss of -0.31% percent or -16.45 point. The Stoxx Europe 600 are trading at 378.78  with a loss of -0.46% percent or -1.76 point.

Wednesday’s Factors and Events

The 30-stock index closed 254.63 points lower at 24,964.75 — snapping a six-day winning streak — with shares of Walmart shedding 10.2 percent. The retail giant’s stock posted its biggest decline since January 1988.

The S&P 500 pulled back 0.6 percent to 2,716.26, with consumer staples declining more than 2 percent. The broad index also closed lower for the first time in seven sessions. Walmart was the biggest decliner in the S&P 500. Kroger and Kraft Heinz, which are also in the staples sector, were among the worst-performing stocks in the index.

 The Dow and S&P 500 broke below their 50-day moving averages, two key technical levels. The Nasdaq composite fell 0.1 percent to 7,234.31 as a rally in tech stocks evaporated in afternoon trading.

Tuesday’s Activity

U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 24,964.75 with a loss of -1.01% percent or -254.63 point. The S&P 500 closed at 2,716.26 with a loss of -0.58% percent or  -15.96 point. The Nasdaq Composite closed at 7,234.31 with a loss of -0.07% percent or -5.16 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,529.99  with a loss of -0.88% percent or -13.56 point; the S&P 600 Small-Cap Index closed at 932.94  with a loss of -0.97% percent or -9.11 point; the S&P 400 Mid-Cap Index closed at 1,888.27 with a loss of -0.68% percent or – 12.92 point; the S&P 100 Index closed at  1,200.71 with a loss of -0.68% percent or -8.17 point; the Russell 3000 Index closed at 1,603.98 with a loss of -0.59% percent or  9.57 point; the Russell 1000 Index closed at 1,503.74  with a loss of -0.57% percent or -8.62 point; and the Dow Jones U.S. Select Dividend Index closed at  24,964.75  with a loss of -1.01%  percent or  -254.63 point.

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