Dow Futures Opening Update as on 16 May 2018

U.S. stock futures lower in pre-market trading for Wednesday, May 16. The Dow Futures is trading at 24,641.00 with  a loss of -0.08% percent or -19.00 point. The S&P 500 Futures is trading at 2,707.25 with a loss of -0.06% percent or -1.75 point.The Nasdaq Futures is trading at 6,883.75 with a loss of -0.10% percent or -6.75 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,717.23 with a loss of -0.44% percent or -100.79 point. Hong Kong’s Hang Seng is trading at 30,982.90 with a loss of -0.54% percent or -169.13 point. China’s Shanghai Composite is trading at 3,171.76  with a loss of  -0.64% percent or  -20.36 point. India’s BSE Sensex is trading at 35,384.13 with a loss of -0.45% percent or  -159.81  point at 12:15 PM.The FTSE 100 is trading at 7,719.28  with a loss of  -0.048% percent or  -3.70 point. Germany’s DAX is trading at 12,978.45 up with +0.065% percent or +8.41 point. France’s CAC 40 is trading at 5,545.58  with a loss of -0.14% percent or -7.57 point. The Stoxx Europe 600 is trading at 392.15  with a loss of -0.06% percent or -0.18 point.

Wednesday’s Factors and Events

U.S. government debt prices rose into positive territory on Wednesday, as investors continued to monitor an upswing in bond yields.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 3.0613 percent, while the yield on the 30-year Treasury bond was also lower at 3.1900 percent.

Robust retail sales and factory data lifted the U.S. 10-year yield through a psychologically important level to hit 3.095 percent — it’s highest since 2011. The rise in yields hampered U.S. share markets amid fears it could undercut stock valuations.

Tuesday’s Activity

U.S. market were lower on Tuesday.For the day the Dow is trading at 24,706.41 with a loss of -0.78% percent or -193.00 point. The S&P 500 is trading at 2,711.45  with a loss of -0.68% percent or  -18.68 point. The Nasdaq Composite is trading at 7,351.63  with a loss of    – 0.81% percent or  -59.69 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,600.34 with a loss of 0.00% percent or 0.00  point; the S&P 600 Small-Cap Index closed at 982.43 up with +0.031% percent or +0.30 point; the S&P 400 Mid-Cap Index closed at 1,930.67 with a loss of -0.24% percent or -4.56  point; the S&P 100 Index closed at 1,192.81 with a loss of  -0.77% percent or -9.25 point; the Russell 3000 Index closed at 1,609.65  with a loss of -0.60% percent or -9.76 point; the Russell 1000 Index closed at 1,503.91  with a loss of  -0.65% percent or  -9.88 point;

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