U.S. stock higher in pre-market trading for,March 17.The Dow Futures is trading at 20,600.00 up with +1.67% percent or +339.00 point.The S&P 500 Futures is trading at 2,444.50 up with +1.63% percent or +39.25 point.The Nasdaq Futures is trading at 7,240.50 up with +2.84% percent or +200.00 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 17,011.53 up with +0.056% percent or +9.49 point. Hong Kong’s Hang Seng is trading at 23,204.68 up with +0.61% percent or +141.11 point. China’s Shanghai Composite is trading at 2,779.64 with a loss of –0.34% percent or ?9.61 point. India’s BSE Sensex is trading at 31,757.08 up with +1.17% percent or +367.01 point at 12:15 PM.Germany’s DAX is trading at 8,695.38 with a loss of –0.54% percent or –?46.87 point. France’s CAC 40 is trading at 3,860.12 with a loss of –0.55% percent or –21.34 point. The Stoxx Europe 600 is trading at 281.69 with a loss of -1.03% percent or –3.06 point.
Tuesday’s Factors and Events
slashing the benchmark federal-funds rates, the Fed rolled out a package of stimulus measures, including the purchase of $700 billion in Treasurys and mortgage-backed securities, cutting the rate charged to banks for short-term emergency loans from its discount window and activating swap lines with the Bank of England, European Central Bank, Bank of Japan, Swiss National Bank and the Bank of Canada.
“What the Fed did was heroic,” said Steven Skancke, chief economic adviser at Keel Point, and former economic staffer under the Nixon, Ford, Carter, and Reagan administrations, in an interview with MarketWatch.
For the day the Dow is trading at 20,188.52 with a loss of –12.93% percent or –2,997.10 point. The S&P 500 is trading at 2,386.13 with a loss of –11.98% percent or –324.89 point. The Nasdaq Composite is trading at 6,904.59 with a loss of –12.32% percent or 970.28 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,037.42 with a loss of -14.27% percent or -172.72 point; the S&P 600 Small-Cap Index closed at 629.36 with a loss of -13.31% percent or -96.62 point; the S&P 400 Mid-Cap Index closed at 1,334.12 with a loss of –13.76% percent or ?212.86 point; the S&P 100 Index closed at 1,094.07 with a loss of –11.57% percent or -143.13 point; the Russell 3000 Index closed at 1,371.97 with a loss of –12.32% percent or -192.74 point; the Russell 1000 Index closed at 1,306.51 with a loss of –12.20% or ?181.53 point.