U.S. stock higher in pre-market trading for,August 14.The Dow Futures is trading at 28,139.00 up with +1.01% percent or +280.00 point. The S&P 500 Futures is trading at 3,420.88 up with +0.84% percent or +28.38 point.The Nasdaq Futures is trading at 11,667.00 up with +0.91% percent or +105.00 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,985.51 up with +0.28% percent or +65.21 point. Hong Kong’s Hang Seng is trading at 25,492.78 up with +1.51% percent or +378.94 point. China’s Shanghai Composite is trading at 3,386.48 up with +0.17% percent or +5.80 point. India’s BSE Sensex is trading at 38,781.80 up with +0.90% percent or +347.08 point at 12:15 PM.Germany’s DAX is trading at 13,075.35 up with +2.43% percent or +310.55 point. France’s CAC 40 is trading at 5,008.95 up with +2.30% percent or +112.62 point. The Stoxx Europe 600 is trading at 371.57 up with +1.77% percent or +6.48 point.
Monday’s Factors and Events
U.S. lawmakers Tom Cotton and Chuck Schumer — who met Zuckerberg in September — called for an inquiry into TikTok in October. A national security review was launched soon after and Trump signed an executive order to ban the app this month citing national security concerns. TikTok confirmed over the weekend that it has launched a legal appeal against the ban.
TikTok presents major competition to Facebook’s business. The social video-sharing app, which has boomed in popularity in recent months, competes directly with Instagram. Given the size of TikTok’s audience, it’s possible companies would rather pay for advertising space on TikTok than on Instagram or Facebook.
Tuesday Activity
For the day the Dow is trading at 27,930.33 up with +0.69% percent or +190.60 point. The S&P 500 is trading at 3,397.16 up with +0.34% percent or +11.65 point. The Nasdaq Composite is trading at 11,311.80 up with 0.42% percent or +46.85 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,552.48 up with -0.76% percent or -11.83 point; the S&P 600 Small-Cap Index closed at 894.74 with a loss of –0.67% percent or ?6.00 point; the S&P 400 Mid-Cap Index closed at 1,910.25 with a loss of –0.27% percent or -5.14 point; the S&P 100 Index closed at 1,582.16 with +0.54% percent or +8.43 point; the Russell 3000 Index closed at 1,984.99 up with +0.24%percent or +4.70 point; the Russell 1000 Index closed at 1,886.39 up with +0.30% or +5.59 point.