Dow Futures Opening Update as on 07 August 2019

U.S. stock futures higher in pre-market trading for , August 07 The Dow Futures is trading at 26,024.00 up  with +0.39% percent or +100.00 point. The S&P 500 Futures is trading at 2,886.88  up with +0.38% percent or +10.88 point.The Nasdaq Futures is trading at 7,560.75 up with +0.60% percent or +45.25 point.

In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 20,516.56 with a loss of -0.33% percent or -68.75 point. Hong Kong’s Hang Seng is trading at 25,997.03  up with +0.080% percent or +20.79 point. China’s Shanghai Composite is trading at 2,768.68  with a loss of -0.32% percent or -8.88 point. India’s BSE Sensex is trading at 36,819.48  with a loss of -0.42% percent or -156.42 point at 12:15 PM.The FTSE 100 is trading at 7,231.11 up with +0.83% percent or +59.42 point. Germany’s DAX is trading at 11,720.04  up with  +1.31% percent or +152.08 point. France’s CAC 40 is trading at 5,305.28   up with +1.35% percent or +70.63 point. The Stoxx Europe 600 is trading at 371.26  up with +0.97% percent or +3.57  point.

Wednesday’s Factors and Events

The People’s Bank of China (PBOC) set the official midpoint reference for yuan at 6.9996 on Wednesday, just a hair away from the psychologically important 7-per-dollar level. The latest yuan fixing was slightly weaker-than-expected, keeping markets nervous about its intentions.

Beijing let the yuan breach that 7-per-dollar level for the first time in 11 years on Monday, shortly after President Donald Trump threatened to impose more tariffs.

This led to the biggest sell-off of the year on Wall Street. The Dow and S&P 500 dropped nearly 3% each while the Nasdaq Composite plummeted 3.5% on Monday. The major indexes cut some of those losses on Tuesday, rising more than 1% each.

Tuesday Activity

For the day the Dow is trading at 26,029.52 up with +1.21% percent or +311.78 point. The S&P 500 is trading at 2,881.77 up with +1.30% percent or +37.03 point. The Nasdaq Composite is trading at 7,726.04 with a loss of -3.47% percent or -278.03 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,502.09  up with +0.99% percent or +14.67  point; the S&P 600 Small-Cap Index closed at 921.79 up with +1.11% percent or +10.08 point; the S&P 400 Mid-Cap Index closed at 1,883.50  up with  +1.22% percent or +22.67 point; the S&P 100 Index closed at 1,273.35 up with +1.30% percent or +16.36 point; the Russell 3000 Index closed at 1,693.36 up with +1.29% percent or +21.59 point; the Russell 1000 Index closed at 1,595.99  up with +1.31% or +20.69 point.

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