U.S. stock futures are lower in pre-market trading for Monday, March 19.The Dow Futures are trading at 24,820.00 with a loss of -0.58% percent or -145.00 point.The S&P 500 Futures are trading at 2,741.00 with a loss of -0.54% percent or -15.00 point.The Nasdaq Futures are trading at 6,956.00 with a loss of -1.25% percent or -88.00 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,480.90 with a loss of -0.90% percent or -195.61 point. Hong Kong’s Hang Seng are trading at 31,532.19 for up with +0.10% percent or +30.22 point. China’s Shanghai Composite are trading at 3,279.25 for up with +0.29% percent or +9.37 point. India’s BSE Sensex are trading at 32,989.00 with a loss of -0.56% percent or – 187.00 point at 12:15 PM.The FTSE 100 are trading at 7,093.83 with a loss of -0.98% percent or -70.31 point. Germany’s DAX are trading at 12,267.97 with a loss of -0.98% percent or -121.61 point. France’s CAC 40 are trading at 5,239.73 with a loss of -0.81% percent or -43.01point. The Stoxx Europe 600 are trading at 374.99 with a loss of -0.72% percent or -2.75 point.
Monday’s Factors and Events
In the previous trading session Friday, Wall Street closed flat to higher, but on the week, stocks posted a loss due to concerns over a potential trade war and turmoil within the U.S. administration.
Forty-five U.S. trade associations — which represent some of the biggest firms in the country — have urged President Donald Trump to not inflict tariffs on China, stating in a letter that this would likely be “particularly harmful” to both U.S. consumers and the economy, according to Reuters.
Earlier this month, Trump had tweeted that he’d asked China for a plan to cut down the trade deficit between the U.S. and China by $1 billion dollars.
G-20 financial leaders are due to meet in Argentina on Monday, where trade will likely be top of the agenda.
U.S. market were higher on Friday. For the day the Dow Jones Industrial Average closed at 24,946.51 for up with +0.29% percent or +72.85 point. The S&P 500 closed at 2,752.01 for up with +0.17% percent or +4.68 point. The Nasdaq Composite closed at 7,481.99 with 0.00% percent or +0.25 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,586.05 for up with +0.60% percent or +9.43 point; the S&P 600 Small-Cap Index closed at 969.45 for up with +0.86% percent or +8.24 point; the S&P 400 Mid-Cap Index closed at 1,935.65 for up with +0.70% percent or +13.41 point; the S&P 100 Index closed at 1,211.40 for up with +0.05% percent or +0.63 point; the Russell 3000 Index closed at 1,629.68 with +0.23% percent or +3.78 point; the Russell 1000 Index closed at 1,525.34 for up with +0.20% percent or +3.08 point; and the Dow Jones U.S. Select Dividend Index closed at 24,946.51 for up with +0.29% percent or +72.85 point.