U.S. stock higher in pre-market trading for,May 14.The Dow Futures is trading at 23,078.00 with a loss of -0.38% percent or -88.00 point.The S&P 500 Futures is trading at 2,803.38 with a loss of -0.34% percent or -9.62 point.The Nasdaq Futures is trading at 8,966.12 with a loss of -0.29% percent or -26.13 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,914.78 with a loss of –1.74% percent or –352.27 point. Hong Kong’s Hang Seng is trading at 23,809.21 with a loss of –1.53%percent or –371.09 point. China’s Shanghai Composite is trading at 2,870.34 with a loss of –0.96% percent or –27.71 point. India’s BSE Sensex is trading at 31,389.52 with a loss of –1.93% percent or –619.09 point at 12:15 PM.Germany’s DAX is trading at 10,310.52 with a loss of –2.20% percent or -232.14 point. France’s CAC 40 is trading at 4,249.01 with a loss of –2.21% percent or –95.94 point. The Stoxx Europe 600 is trading at 327.07 with a loss of –2.07% percent or –6.90 point.
Thursday’s Factors and Events
“A lot of smart investors in the past few weeks have been saying the markets are up on borrowed time,” said Scott Redler, partner with T3Live.com. ”[Tuesday’s] outside reversal gave technical analysts a signal to reverse longs. Does this start a new corrective sequence to the downside? In my opinion, it does. We’ve mapped out a few levels along the way, and 2,650 is a big level.”
Wednesday Activity
For the day the Dow is trading at 23,247.97 with a loss of -2.17% percent or -516.81 point. The S&P 500 is trading at 2,820.00 with a loss of –1.75% percent or -50.12 point. The Nasdaq Composite is trading at 8,863.17 with a loss of -1.55% percent or -139.38 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,233.25 with a loss of -3.32% percent or -42.29 point; the S&P 600 Small-Cap Index closed at 700.59 with a loss of –3.86% percent or ?28.15 point; the S&P 400 Mid-Cap Index closed at 1,550.70 with a loss of –3.37% percent or -54.10 point; the S&P 100 Index closed at 1,302.87 with a loss of –1.51% percent or -20.00 point; the Russell 3000 Index closed at 1,630.37 with a loss of –1.95% percent or -32.44 point; the Russell 1000 Index closed at 1,552.57 with a loss of –1.87% or -29.55 point.