U.S. stock higher in pre-market trading for,March 04.The Dow Futures is trading at 26,426.00 up with +2.11% percent or +546.00 point.The S&P 500 Futures is trading at 3,053.38 up with +1.88% percent or +56.38 point.The Nasdaq Futures is trading at 8,753.62 up with +1.99% percent or +171.12 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 21,100.06 up with +0.082% percent or +17.33 point. Hong Kong’s Hang Seng is trading at 26,349.94 up with +0.25% percent or +65.12 point. China’s Shanghai Composite is trading at 3,011.67 up with +0.63% percent or +18.77 point. India’s BSE Sensex is trading at 38,461.11 with a loss of –0.43% percent or –165.70 point at 12:15 PM.Germany’s DAX is trading at 12,125.38 up with +1.17% percent or +139.99 point. France’s CAC 40 is trading at 5,458.25 up with 1.21% percent or +65.08 point. The Stoxx Europe 600 is trading at 385.93 up with +1.26% percent or +4.93 point.
Monday’s Factors and Events
The decline for markets came as the Fed announced a half-a-percentage-point rate cut a half-hour into the session, saying that while the economy’s fundamentals remain strong, the “coronavirus-poses evolving risks to economic activity.”
In a news conference, Fed Chairman Jerome Powell said “we saw a risk to the outlook for the economy and chose to act.”
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 1,486.08 with a loss of -2.13% percent or –-32.41 point; the S&P 600 Small-Cap Index closed at 888.60 with a loss of –2.12% percent or –19.29 point; the S&P 400 Mid-Cap Index closed at 1,835.19 with a loss of –2.15% percent or ?40.28 point; the S&P 100 Index closed at 1,346.23 with a loss of –3.06% percent or –42.48 point; the Russell 3000 Index closed at 1,756.96 with a loss of –2.70% percent or –48.76 point; the Russell 1000 Index closed at 1,661.36 with a loss of –2.74% or –46.77 point.