Dow Futures Opening Update as on 09 March 2018

U.S. stock futures are mixed in pre-market trading for Friday, March 09.The Dow Futures are trading at 24,935.00 for up  with +0.06% percent or +14.00 point. The S&P 500 Futures are trading at 2,744.25  with 0.00%  percent or 0.00 point.The Nasdaq Futures are trading at 6,998.00 with a loss of  -0.03% percent or -2.25 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,469.20 for up  with  +0.47% percent or  +101.13 point. Hong Kong’s Hang Seng are trading at 30,996.21 for up with +1.11% percent or  +341.69 point. China’s Shanghai Composite are trading at 3,307.17  for up with  +0.57% percent or +18.76 point. India’s BSE Sensex are trading at 33,310.58  with a loss of -0.12% percent or  -40.99 point at 12:15 PM.The FTSE 100 are trading at 7,198.18  with a loss of -0.07% percent or  -5.06 point. Germany’s DAX are trading at 12,293.74  with a loss of -0.50% percent or -61.83  point. France’s CAC 40 are trading at 5,247.58   with a loss of -0.12% percent or -6.51 point. The Stoxx Europe 600 are trading at 376.50  with a loss of -0.05% percent or -0.16 point.

Friday’s Factors and Events

The tariffs signed by Trump will take effect in 15 days and will exempt Canada and Mexico indefinitely. They also leave the door open for other countries to argue why they should also be exempt. The moves slap 10 percent and 25 percent charges on aluminum and steel imports, respectively.

“A strong steel and aluminum industry are vital to our national security,” Trump said on Thursday. “You don’t have steel, you don’t have a country.”

Shares of U.S. Steel and Nucor fell 2.9 percent and 2.7 percent, respectively, while Century Aluminum pulled back 7..5 percent. Boeing, a large metals user, saw its shares climb 0.5 percent.

Trump said last week he wanted to implement the tariffs without exempting certain countries like Canada and Mexico. The announcement last week sparked fears that a trade war could take place in the near future.

Thursday’s Activity

U.S. market were higher on Thursday. For the day the Dow Jones Industrial Average closed at 24,895.21  for up with +0.38% percent or  +93.85 point. The S&P 500 closed at 2,738.97  for up with +0.45% percent or +12.17 point. The Nasdaq Composite closed at 7,427.95 for up with +0.42% percent or  +31.30 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,571.97  with a loss of -0.16% percent or -2.57 point; the S&P 600 Small-Cap Index closed at 955.38   with a loss of -0.12% percent or -1.11 point; the S&P 400 Mid-Cap Index closed at 1,917.63 with a loss of  -0.15% percent or -2.79 point; the S&P 100 Index closed at 1,207.88  for up  with +0.50% percent or +6.02 point; the Russell 3000 Index closed at 1,621.24  for up with +0.37% percent or +5.91 point; the Russell 1000 Index closed at 1,517.90 for up  with +0.41% percent or 6.19 point; and the Dow Jones U.S. Select Dividend Index closed at 24,895.21  for up  with  +0.38% percent or +93.85 point.

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