U.S. stock lower in pre-market trading for,March 25.The Dow Futures is trading at 20,446.00 with a loss of -0.79% percent or -162.00 point. The S&P 500 Futures is trading at 2,404.25 with a loss of -1.38% percent or -33.75 point.The Nasdaq Futures is trading at 7,450.88 with a loss of -0.98% percent or -74.25 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,546.63 up with +8.04% percent or +1,454.28 point. Hong Kong’s Hang Seng is trading at 23,414.78 up with +3.31%percent or ++751.29 point. China’s Shanghai Composite is trading at 2,781.59 up with +2.17% percent or +59.15 point. India’s BSE Sensex is trading at 27,860.55 up with +4.45% percent or +1,186.52 point at 12:15 PM.Germany’s DAX is trading at 9,635.35 with a loss of –0.67% percent or –65.22 point. France’s CAC 40 is trading at 4,268.43 up with 0.61% percent or +25.73 point. The Stoxx Europe 600 is trading at 306.17 up with +0.71% percent or +2.17 point.
Wednesday’s Factors and Events
The decisive and rapid steps taken by the government and the central bank, both in the US and in many other countries, clearly show that they did their homework by examining the adverse effects of delay. But a severe mistake in the 1930s was a false belief that the worst was over. The Fed then quickly tightened monetary policy to avoid devaluing the dollar.
However, there is a high probability that the US government – not the Fed – have overconfidence. The spread of the disease in the US continues to accelerate. Among all countries, the US is the most significant contributor to the number of new cases. Spreading speed demonstrates that the current restrictions are too weak.
Stricter quarantine measures may be needed soon, as was the case in many European countries, where restrictions were increasing until the rate of disease growth stabilized.
For the day the Dow is trading at 20,704.91 up with 11.37% percent or +2,112.98 point. The S&P 500 is trading at 2,447.33 up with 9.38% percent or +209.93 point. The Nasdaq Composite is trading at 7,417.86 up with +8.12% percent or +557.18 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,096.56 up with +9.39% percent or +94.14 point; the S&P 600 Small-Cap Index closed at 649.32 up with +9.01% percent or +53.65 point; the S&P 400 Mid-Cap Index closed at 1,349.04 up with +10.71% percent or +130.49 point; the S&P 100 Index closed at 1,130.42 up with +8.69% percent or +90.42 point; the Russell 3000 Index closed at 1,409.88 up with +9.46% percent or +121.83 point; the Russell 1000 Index closed at 1,340.32 with +9.46% or +115.87 point.