U.S. stock lower in pre-market trading for,June 18.The Dow Futures is trading at 25,981.50 with a loss of -0.17% percent or -43.50 point.The S&P 500 Futures is trading at 3,102.75 with a loss of -0.14% percent or -4.35 point.The Nasdaq Futures is trading at 9,985.25 up with +0.02% percent or +2.25 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,355.46 with a loss of –0.45% percent or –100.30 point. Hong Kong’s Hang Seng is trading at 24,435.95 with a loss of –0.19% percent or –45.46 point. China’s Shanghai Composite is trading at 2,939.24 up with +0.11% percent or +3.37point. India’s BSE Sensex is trading at 33,766.79 up with +0.77% percent or +258.87 point at 12:15 PM.Germany’s DAX is trading at 12,210.55 with a loss of –1.39% percent or -171.59 point. France’s CAC 40 is trading at 4,920.85 with a loss of –1.50% percent or –75.12 point. The Stoxx Europe 600 is trading at 362.10 with a loss of -1.07% percent or ?3.92 point.
Thursday’s Factors and Events
The Dow Jones futures are trading lower by 132 points. The bulls are losing control of the price because the Dow Jones Industrial Average has failed to cross above the 200-day smooth moving average (SMA) on a daily time frame. The longer-term time frame, the weekly chart, also shows that the Dow price has failed to win the war against the 50 and 100-week SMAs. If the Dow Jones price fails to cross above the two important moving averages and the Dow remains below them, the door is likely to be wide open for another test of Covid-19’s stock market crash.
Wednesday Activity
For the day the Dow is trading at 26,119.61 with a loss of -0.65% percent or -170.37 point. The S&P 500 is trading at 3,113.49 with a loss of –0.36% percent or -11.25 point. The Nasdaq Composite is trading at 9,910.53 up with +0.15% percent or +14.66 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,426.53 up with -1.77% percent or -25.73 point; the S&P 600 Small-Cap Index closed at 832.20 with a loss of –2.11% percent or ?17.96 point; the S&P 400 Mid-Cap Index closed at 1,798.37 with a loss of –1.37% percent or ?25.07 point; the S&P 100 Index closed at 1,426.14 with a loss of –0.28% percent or ?3.96 point; the Russell 3000 Index closed at 1,814.91 with a loss of -0.44% percent or -8.04 point; the Russell 1000 Index closed at 1,724.24 with a loss of –0.36% or ?6.18 point.