U.S. stock higher in pre-market trading for,March 13.The Dow Futures is trading at 21,904.50 up with +3.89% percent or +819.50 point.The S&P 500 Futures is trading at 2,569.00 up with +4.05% percent or +100.00 point.The Nasdaq Futures is trading at 7,550.38 up with +4.64% percent or +335.13 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 17,431.05 with a loss of –6.08% percent or –1,128.58 point. Hong Kong’s Hang Seng is trading at 24,079.53 with a loss of –0.94% percent or –229.54 point. China’s Shanghai Composite is trading at 2,887.43 with a loss of –1.23% percent or –36.06 point. India’s BSE Sensex is trading at 34,223.99 with 4.41% percent or +1,445.85 point at 12:15 PM.Germany’s DAX is trading at 9,653.48 up with +5.37% percent or +492.35 point. France’s CAC 40 is trading at 4,318.10 up with +6.77% percent or +273.85 point. The Stoxx Europe 600 is trading at 314.31 up with +6.57% percent or +19.84 point.
Friday’s Factors and Events
the market waits for some government action to fight the economic impact of the spreading coronavirus, stocks are apparently going to keep dropping at an alarming and frantic rate.
On Thursday, each of the major indices plunged by more than 9%. They are all now in bear market territory.
A month ago today, the Dow was at an all-time high pretty close to 30,000. Today, after several weeks of losses, it fell an additional 10% to 21,200.62.
Thursday Activity
For the day the Dow is trading at 21,200.62 with a loss of –9.99% percent or –2,352.60 point. The S&P 500 is trading at 2,480.64 with a loss of –9.51% percent or –260.74 point. The Nasdaq Composite is trading at 7,201.80 with a loss of –9.43% percent or –750.25 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,122.93 with a loss of -11.18% percent or –141.37 point; the S&P 600 Small-Cap Index closed at 671.30 with a loss of -11.38% percent or -86.23 point; the S&P 400 Mid-Cap Index closed at 1,426.74 with a loss of –9.97% percent or -157.93 point; the S&P 100 Index closed at 1,123.43 with a loss of –9.32% percent or -115.41 point; the Russell 3000 Index closed at 1,435.94 with a loss of –9.66% percent or –153.55 point; the Russell 1000 Index closed at 1,364.66 with a loss of –9.57% or -144.34 point.