Dow Futures Opening Update as on 23 May 2018

U.S. stock futures higher in pre-market trading for Wedesday, May 23. The Dow Futures is trading at 24,645.00  with a loss of  -0.80% percent or  -200.00 point. The S&P 500 Futures is trading at 2,706.50 up with -0.72% percent or  -19.50 point. The Nasdaq Futures is trading at 6,835.00 with a loss of -1.09% percent or -75.25 point.

n overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,689.74 with a loss of -1.18% percent or  -270.60 point. Hong Kong’s Hang Seng is trading at 30,852.81  with a loss of -1.22% percent or  -381.54 point. China’s Shanghai Composite is trading at 3,169.68 with a loss of  -1.39% percent or  -44.67 point. India’s BSE Sensex is trading at 34,620.22  with a loss of -0.090% percent or  -31.02  point at 12:15 PM.The FTSE 100 is trading at 7,822.64  with  a loss of  -0.70% percent or  -54.81 point. Germany’s DAX is trading at 12,970.92  with a loss of -1.51% percent or  -199.00 point. France’s CAC 40 is trading at 5,578.80  with a loss of -1.09% percent or  -61.30 point. The Stoxx Europe 600 is trading at 393.09 with a loss of -0.97% percent or  -3.90 point.

Wednesday’s Factors and Events

U.S. government debt prices were higher Wednesday ahead of the release of minutes from the latest Federal Reserve meeting.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 3.0284 percent, while the yield on the 30-year Treasury bond was also lower at 3.1753 percent.

The U.S. Treasury is scheduled to auction $16 billion in two-year Float Rating Notes (FRN) and $36 billion in five-year notes.

In data, there will be flash manufacturing and services PMIs (purchasing managers’ index) at 9:45 a.m. ET and new home sales due at 10 a.m. ET. More importantly for bond markets, there will be minutes from the last Federal Reserve meeting out at about 3 p.m. ET.

Tuesday’s Activity

U.S. market were lower on Tuesday.For the day the Dow is trading at 24,834.41  with a loss of -0.72% percent or  -178.88 point. The S&P 500 is trading at 2,724.44  with a loss of -0.31% percent or -8.57 point. The Nasdaq Composite is trading at 7,378.46 with a loss of -0.21% percent or  -15.58 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,625.24  with a loss of -0.75% percent or  -12.20 point; the S&P 600 Small-Cap Index closed at 1,003.41  with a loss of -0.83% percent or -8.41 point; the S&P 400 Mid-Cap Index closed at 1,948.81  with a loss of -0.70% percent or  -13.67 point; the S&P 100 Index closed at 1,197.14 with a loss of -0.28% percent or  -3.39 point; the Russell 3000 Index closed at 1,619.25 with a loss of -0.38% percent or  -6.10 point; the Russell 1000 Index closed at 1,511.67 with a loss of -0.34% percent or -5.21 point;

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