U.S. stock lower in pre-market trading for,June 11.The Dow Futures is trading at 26,406.00 with a loss of -2.06% percent or -555.00 point.The S&P 500 Futures is trading at 3,131.88 with a loss of -1.70% percent or -54.12 point.The Nasdaq Futures is trading at 9,959.00 with a loss of -1.27% percent or +48.38 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,472.91 with a loss of –2.82% percent or –652.04 point. Hong Kong’s Hang Seng is trading at 24,572.71 with a loss of –1.90% percent or –477.02 point. China’s Shanghai Composite is trading at 2,920.90 with a loss of –0.78% percent or –22.86 point. India’s BSE Sensex is trading at 33,807.54 with a loss of -1.28% percent or –439.51 point at 12:15 PM.Germany’s DAX is trading at 12,205.17 with a loss of –2.59% percent or -324.99 point. France’s CAC 40 is trading at 4,917.98 with a loss of –2.68% percent or –135.43 point. The Stoxx Europe 600 is trading at 358.83 with a loss of -2.53% percent or –9.32 point.
Thursday’s Factors and Events
The market impact of yesterday’s main event, the Fed’s decision, did not last for long. Ahead of the announcement, EU stocks continued sliding, as investors kept locking profits. At the time of the decision, US stocks inched higher and the dollar slid, but this was only temporary. It seems that investors continued with profit-taking post the decision, despite the Fed appearing dovish. The Committee kept interest rates unchanged and noted that they will continue to increase purchases of bonds and mortgage-backed securities “at least at the current pace”, something suggesting that purchases can accelerate again if deemed necessary. “The Committee will closely monitor developments and is prepared to adjust its plans as appropriate”, it was noted in the accompanying statement.
For the day the Dow is trading at 26,989.99 with a loss of -1.04% percent or -282.31 point. The S&P 500 is trading at 3,190.14 with a loss of –0.53% percent or -17.04 point. The Nasdaq Composite is trading at 10,020.35 up with +0.67% percent or +66.59 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,467.39 with a loss of -2.63% percent or -39.66 point; the S&P 600 Small-Cap Index closed at 863.09 with a loss of –3.54% percent or -31.68 point; the S&P 400 Mid-Cap Index closed at 1,857.46 with a loss of –2.51% percent or -47.91 point; the S&P 100 Index closed at 1,459.78 with a loss of –0.070% percent or -1.02 point; the Russell 3000 Index closed at 1,858.54 with a loss of -0.70% percent or -13.13 point; the Russell 1000 Index closed at 1,765.20 with a loss of -0.58% or -10.26 point.