U.S. stock futures lower in pre-market trading for , October 26.The Dow Futures is trading at 24,654.00 with a loss of -0.90% percent or -223.00 point.The S&P 500 Futures is trading at 2,657.00 with a loss of -1.16% percent or -31.25 point. The Nasdaq Futures is trading at 6,772.75 with a loss of -2.18% percent or -150.75 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 21,184.60 with a loss of -0.40% percent or -84.13 point. Hong Kong’s Hang Seng is trading at 24,700.99 with a loss of -1.17% percent or -293.47 point. China’s Shanghai Composite is trading at 2,598.85 with a loss of -0.19% percent or -4.95 point. India’s BSE Sensex is trading at 33,576.58 with a loss of -0.34% percent or -113.51 point at 12:15 PM.The FTSE 100 is trading at 6,926.15 with a loss of -1.11% percent or -77.95 point. Germany’s DAX is trading at 11,094.64 with a loss of -1.88% percent or -212.48 point. France’s CAC 40 is trading at 4,915.57 with a loss of -2.32% percent or -116.72 point. The Stoxx Europe 600 is trading at 349.87 with a a loss of -1.47% percent or -5.18 point.
Friday’s Factors and Events
U.S. stock futures pointed to a significantly lower open for Wall Street’s major indexes on Friday after the release of disappointing quarterly results from key tech companies.
Stocks pared losses after the Commerce Department reported the U.S. economy grew at a 3.5 percent rate in the third quarter, faster than economists had expected.
There were “high expectations” for this earnings season, King Lip, chief strategist at Baker Avenue Asset Management, told CNBC. “The earnings are not coming in as great as people had suspected,” Lip said, adding that “for Amazon specifically, forward guidance was surprisingly light.”
For the day the Dow is trading at 24,984.55 up with +1.63% percent or +401.13 point. The S&P 500 is trading at 2,705.57 up with +1.86%percent or +49.47 point. The Nasdaq Composite is trading at 7,318.34 up with +2.95% percent or +209.94 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,500.40 up with +2.16% percent or +31.70 point; the S&P 600 Small-Cap Index closed at 941.26 up with +2.20% percent or +20.27 point; the S&P 400 Mid-Cap Index closed at 1,814.40 up with +1.42% percent or +25.38 point; the S&P 100 Index closed at 1,211.11 up with +2.14% percent or +25.33 point; the Russell 3000 Index closed at 1,592.21 up with +1.87% percent or +29.30 point; the Russell 1000 Index closed at 1,493.95 up with +1.85% percent or +27.17 point;