U.S. stock futures lower in pre-market trading for Wednesday, May 09.The Dow Futures is trading at 24,386.00 up with +0.33% percent or +79.00 point. The S&P 500 Futures is trading at 2,677.50 up with +0.27% percent or +7.25 point.The Nasdaq Futures is trading at 6,830.75 up with +0.31% percent or +76.00 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,408.88 with a loss of -0.44% percent or -99.81 point. Hong Kong’s Hang Seng is trading at 30,458.76 up with +0.18% percent or +55.95 point. China’s Shanghai Composite is trading at 3,159.15 with a loss of -0.074% percent or -2.35 point. India’s BSE Sensex is trading at 35,278.54 up with +0.18% percent or +63.84 point at 12:15 PM.The FTSE 100 is trading at 7,595.67 up with +0.39% percent or +0.39% point. Germany’s DAX is trading at 12,912.89 up with +0.0053% percent or +0.68 point. France’s CAC 40 is trading at 5,519.64 with a loss of -0.041% percent or -2.28 point. The Stoxx Europe 600 is trading at 390.55 with +0.13% percent or +0.55 point.
Wednesday’s Factors and Events
Tuesday’s Activity
U.S. market were mixed on Tuesday.For the day the Dow is trading at 24,360.21 up with +0.012% percent or +2.89 point. The S&P 500 is trading at 2,671.92 with a loss of -0.027% percent or -0.71 point. The Nasdaq Composite is trading at 7,266.90 up with +0.023% percent or +1.69 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,586.39 up with +0.47% percent or +7.44 point; the S&P 600 Small-Cap Index closed at 974.77 up with +0.86% percent or +8.28 point; the S&P 400 Mid-Cap Index closed at 1,913.91 up with +0.31% percent or +5.99 point; the S&P 100 Index closed at 1,173.77 with a loss of -0.042% percent or -0.49 point; the Russell 3000 Index closed at 1,588.06 up with +0.039% percent or +0.62 point; the Russell 1000 Index closed at 1,483.14 up with +0.0026% percent or +0.038 point;
The dollar advanced on Wednesday to its highest level of 2018 against a basket of currencies on safe-haven buying, as investors worried about the fate of the Iran nuclear deal and political turmoil in Italy.
Recent data showing Europe’s economic growth was slowing caused traders to cut bullish bets on euro and to scale back their outlook for European interest rate hikes in 2019.
“The top focus point today is with Iran. There’s also a political wind blowing across Europe,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. “Everything is pointing to further strengthen the dollar.”