U.S. stock lower in pre-market trading for,March 19.The Dow Futures is trading at 19,484.00 with a loss of -1.86% percent or -369.00 point.The S&P 500 Futures is trading at 2,358.25 with a loss of -1.80% percent or -43.25 point.The Nasdaq Futures is trading at 7,194.12 with a loss of -0.16% percent or -11.38 point.
In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 16,552.83 with a loss of –1.04% percent or –173.72 point. Hong Kong’s Hang Seng is trading at 21,794.14 with a loss of –2.23% percent or –497.68 point. China’s Shanghai Composite is trading at 2,702.13 with a loss of –0.98% percent or ??26.63 point. India’s BSE Sensex is trading at 27,972.29 with a loss of –3.11% percent or –897.22 point at 12:15 PM.Germany’s DAX is trading at 8,397.75 with a loss of –0.52% percent or –43.96 point. France’s CAC 40 is trading at 3,738.19 with a loss of –0.44% percent or –16.64 point. The Stoxx Europe 600 is trading at 278.38 with a loss of -0.46% percent or -1.28 point.
Thursday’s Factors and Events
“If you buy $100,000 of stock on margin, you only need to pay $50,000. Seems like a great deal, especially if the stock price goes up. But what if your stock drops to $60,000? Suddenly, you’ve lost $40,000, leaving you with only $10,000 in your margin account. The rules state that you need to have at least 25 percent of the $60,000 stock value in your account, which is $15,000. So not only do you lose $40,000, but you have to deposit an additional $5,000 in your margin account to stay in business.“
For the day the Dow is trading at 19,898.92 with a loss of –6.30% percent or –1,338.46 point. The S&P 500 is trading at 2,398.10 with a loss of –5.18% percent or –131.09 point. The Nasdaq Composite is trading at 6,989.84 with a loss of –4.70% percent or –344.94 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 991.16 with a loss of -10.42% percent or -115.34 point; the S&P 600 Small-Cap Index closed at 600.82 up with -10.33% percent or -69.24 point; the S&P 400 Mid-Cap Index closed at 1,258.24 with a loss of -10.34% percent or -145.04 point; the S&P 100 Index closed at 1,110.59 with a loss of –4.19% percent or -48.52 point; the Russell 3000 Index closed at 1,366.62 with a loss of –5.84% percent or -84.79 point; the Russell 1000 Index closed at 1,304.56 with a loss of –5.57% or -76.92 point.