U.S. stock futures lower in pre-market trading for,October 07.The Dow Futures is trading at 26,478.00 with a loss of -0.18% percent or -61.50point.The S&P 500 Futures is trading at 2,944.12 with a loss of -0.23% percent or -6.88 point. The Nasdaq Futures is trading at 7,749.75 with a loss of -0.23% percent or -17.50 point.
In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 21,375.25 with a loss of –0.16% percent or –34.95 point. Hong Kong’s Hang Seng is trading at 25,821.03 with a loss of –1.11% percent or –289.28 point. China’s Shanghai Composite is trading at 2,905.19 with a loss of –0.92% percent or –26.98 point. India’s BSE Sensex is trading at 37,778.07 up with 0.28% percent or +104.76 point at 12:15 PM. Germany’s DAX is trading at 12,052.65 up with + percent or +39.84 point. France’s CAC 40 is trading at 5,500.58 up with + percent or +12.26 point. The Stoxx Europe 600 is trading at 381.68 up with +0.38% percent or +1.39 point.
Monday’s Factors and Events
The Institute for Supply Management’s index of the health U.S. services sector came in 52.6%, in September, down from 56.4% in August, suggesting growth is slowing rapidly just two days after ISM’s survey of the U.S. manufacturing sector showed it in outright contraction for the second month in a row.
“Net, net, look out below is what purchasing managers from services industries are shouting at the markets as the fears of recession continue to mount,” MUFG chief economist, Chris Rupkey wrote in a note. “This downturn is starting to spread and that means the tea leaf readers at the Fed are going to be teeing up a third rate cut this year when they next meet again at the end of this month.”
Friday Activity
For the day the Dow is trading at 26,573.72 up with +1.42% percent or +372.68 point. The S&P 500 is trading at 2,952.01 up with +1.42% percent or +41.38 point. The Nasdaq Composite is trading at 7,982.47 up with +1.40% percent or +110.21 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,500.70 up with + percent or +14.36 point; the S&P 600 Small-Cap Index closed at 930.46 up with + percent or +9.35 point; the S&P 400 Mid-Cap Index closed at 1,903.79 up with + percent or +19.17 point; the S&P 100 Index closed at 1,306.99 up with + percent or +19.25 point; the Russell 3000 Index closed at 1,727.87 up with + percent or +23.37 point; the Russell 1000 Index closed at 1,630.92 up with + or +22.51 point.