U.S. stock futures higher in pre-market trading for , July 16 The Dow Futures is trading at 27,334.50 with a loss of -0.05% percent or -14.50 point. The S&P 500 Futures is trading at 3,017.12 with a loss of -0.01% percent or -0.37 point.The Nasdaq Futures is trading at 7,984.12 with a loss of -0.00% percent or -0.13 point.
In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 21,535.25 with a loss of -0.69% percent or -150.65 point. Hong Kong’s Hang Seng is trading at 28,582.83 up with +0.098% percent or +32.49 point. China’s Shanghai Composite is trading at 2,937.62 with a loss of -0.16% percent or -4.57 point. India’s BSE Sensex is trading at 39,037.89 up with +0.36% percent or +141.18 point at 12:15 PM.The FTSE 100 is trading at 7,559.49 up with +0.37% percent or +27.77 point. Germany’s DAX is trading at 12,382.91 with a loss of -0.036% percent or -4.43 point. France’s CAC 40 is trading at 5,590.22 up with +0.22% percent or +12.01 point. The Stoxx Europe 600 is trading at 387.91 up with +0.04% percent or +0.15 point.
Tuesday’s Factors and Events
The CPI data, combined with weak demand at recent Treasury auctions, combined to drive up yields. Treasurys had fallen earlier this month to their lowest levels in two years on expectations of a rate cut from the Fed, with the 10-year Treasury yield falling below 2%.
That may come as a relief to some members of the Federal Reserve. Fed Chair Jerome Powell said in a biannual address to Congress last week that the inflation outlook looks muted and that the central bank will act “as appropriate” to sustain economic expansion.
For the day the Dow is trading at 27,359.16 up with +0.099% percent or +27.13 point. The S&P 500 is trading at 3,014.30 up with +0.018% percent or +0.53 point. The Nasdaq Composite is trading at 8,258.19 up with +0.17% percent or +14.04 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,561.82 with a loss of -0.52% percent or -8.18 point; the S&P 600 Small-Cap Index closed at 946.96 with a loss of -0.58% percent or -5.57 point; the S&P 400 Mid-Cap Index closed at 1,951.36 with a loss of -0.47% percent or -9.13 point; the S&P 100 Index closed at 1,333.24 up with +0.069% percent or +0.92 point; the Russell 3000 Index closed at 1,770.42 with a loss of -0.022% percent or -0.38 point; the Russell 1000 Index closed at 1,669.27 up with +0.014% or +0.23 point.