U.S. stock lower in pre-market trading for,Feb 28.The Dow Futures is trading at 25,299.00 with a loss of -0.99% percent or –253.00 point. The S&P 500 Futures is trading at 2,930.62 with a loss of -0.89% percent or –26.38 point.The Dow Futures is trading at 25,299.00 with a loss of -0.99% percent or –253.00 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 21,142.96 with a loss of –3.67% percent or –805.27 point. Hong Kong’s Hang Seng is trading at 26,140.70 with a loss of –2.38% percent or –637.92 point. China’s Shanghai Composite is trading at 2,880.30 with a loss of –3.71%percent or –111.03 point. India’s BSE Sensex is trading at 38,601.22 with a loss of –2.88% percent or –1,144.44 point at 12:15 PM.Germany’s DAX is trading at 11,959.49 with a loss of –3.30% percent or –407.97 point. France’s CAC 40 is trading at 5,348.37 with a loss of –2.68% percent or –147.22 point. The Stoxx Europe 600 is trading at 378.14 with a loss of -2.90% percent or –10.87 point.
Friday’s Factors and Events
“What do rate cuts at the front-end do exactly to shift the trajectory of the core short-term problems stemming from COVID-19? It boggles the mind. Cutting now when Fed funds is already sitting 100 basis points below neutral further cements the dangerous precedent already set that the only independent variable in the policy reaction function that matters is what the S&P 500 is doing of late,” he says.
For the day the Dow is trading at 25,766.64 with a loss of –4.42% percent or –1,190.95 point. The S&P 500 is trading at 2,978.76 with a loss of –4.42% 8percent or –137.63 point. The Nasdaq Composite is trading at 8,566.48 with a loss of –4.61% percent or –414.29 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,497.87 with a loss of -3.54% percent or –54.89 point; the S&P 600 Small-Cap Index closed at 899.84 with a loss of –3.76% percent or –35.19 point; the S&P 400 Mid-Cap Index closed at 1,851.81 with a loss of –3.65%percent or ?70.16 point; the S&P 100 Index closed at 1,331.58 with a loss of –4.58% percent or –63.87 point; the Russell 3000 Index closed at 1,745.71 with a loss of –4.33% percent or –79.03 point; the Russell 1000 Index closed at 1,649.14 with a loss of –4.38% or –75.62 point.