U.S. stock higher higher in pre-market trading for,Feb 19.The Dow Futures is trading at 29,286.50 up with +0.26% percent or +75.50 point.The S&P 500 Futures is trading at 3,377.12 up with +0.23% percent or +7.87 point.The Nasdaq Futures is trading at 9,669.88 up with +0.35% percent or +33.88 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 23,400.70 up with +0.89% percent or +206.90 point. Hong Kong’s Hang Seng is trading at 27,634.21 up with +0.38% percent or +104.01 point. China’s Shanghai Composite is trading at 2,975.40 with a loss of –0.32% percent or ?9.57 point. India’s BSE Sensex is trading at 41,289.53 up with +0.97% percent or +395.15 point at 12:15 PM.Germany’s DAX is trading at 13,751.05 with up +0.51% percent or +69.86 point. France’s CAC 40 is trading at 6,100.23 up with +0.72% percent or +43.41 point. The Stoxx Europe 600 is trading at 433.12 with +0.65% percent or +0.65% point.
Wednesday’s Factors and Events
The world’s most profitable company, Apple AAPL, -1.83%, withdraws its revenue guidance, and the technology-heavy Nasdaq Composite actually closes higher on the day.
Mike O’Rourke, chief market strategist at institutional broker JonesTrading, says a “mania” has taken hold, blaming zero-commission retail brokers, the Federal Reserve’s injections of liquidity, the forced buying from index fund managers, and active fund managers who are too scared not to follow suit.
For the day the Dow is trading at 29,232.19 with a loss of –0.56% percent or –165.89 point. The S&P 500 is trading at 3,370.29 with a loss of –0.29% percent or –9.87 point. The Nasdaq Composite is trading at 9,732.74 up with +0.016% percent or +1.57 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,683.52 up with -0.24% percent or -4.06 point; the S&P 600 Small-Cap Index closed at 1,012.67 with a loss of –0.55% percent or -5.60 point; the S&P 400 Mid-Cap Index closed at 2,089.19 with a loss of –0.35% percent or -7.42 point; the S&P 100 Index closed at 1,511.12 with a loss of –0.29% percent or -4.41 point; the Russell 3000 Index closed at 1,974.66 with a loss of –0.25% percent or -4.86 point; the Russell 1000 Index closed at 1,866.24 with a loss of –0.25% or -4.59 point.