Nasdaq Futures Opening Update as on 01 February 2018

U.S. stock futures are higher in pre-market trading for Thursday, February 01. The Nasdaq Futures are trading at 6,970.25  for up with +0.11% percent or +8.00 point.The S&P 500 Futures are trading at 2,832.00 for up with +0.22% percent or +6.25 point.The Dow Futures are trading at 26,146.00 for up with +0.04% percent or +10.00 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 are trading at 23,486.11  for up with +1.68% percent or +387.82 point. Hong Kong’s Hang Seng are trading at 32,642.09   with a loss of -0.75% percent or -245.18 point. China’s Shanghai Composite are trading at 3,446.98  with a loss of -0.97% percent or -33.85 point. India’s BSE Sensex are trading at 36,178.55 for up with  +0.59% percent or  +213.53  point at 12:15 PM.The FTSE 100 are trading at 7,543.08  for up with +0.13% percent or  +9.53 point. Germany’s DAX are trading at 13,232.55 for up with +0.33% percent or  +43.07 point. France’s CAC 40 are trading at 5,502.97  for up with +0.38% percent or +21.05 point. The Stoxx Europe 600 are trading at 397.04 for up with +0.40% percent or +1.64 point.

Thursday’s Factors and Events

Nasdaq’s revenues recorded $635 million, improved 6% year over year. The top line beat the Zacks Consensus Estimate of $628 million, primarily owing to organic growth of $17 million, a $12-million favorable impact on the back of changes in forex rates and a $7-million impact from acquisitions.

Adjusted operating expenses were $341 million in the reported quarter, up 5% from the year-ago figure. This represents a $16-million increase from buyouts and a $7-million unfavorable impact from changes in foreign exchange rates, partially offset by a $6-million organic expense decrease.

Nasdaq guided 2018 non-GAAP operating expense to the range of $1.375-$1.415 billion.
Segment wise, net revenues at Market Services nudged up 0.9% from the year-ago quarter to $222 million. This upside was driven by improved revenues from cash equity trading, fixed income and commodities trading and clearing and trade management services. However, lower equity derivative trading and clearing revenues limited the upside.

Wednesday’s Activity

U.S. market were higher on Wednesday. For the day the Dow Jones Industrial Average closed at 26,149.39 for up with +0.28% percent or +72.50 point. The S&P 500 closed at 2,823.81 for up with +0.05% percent or  +1.38 point. The Nasdaq Composite closed at 7,411.48 for up with +0.12% percent or +9.00 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,574.98  with a loss of –0.49% percent or -7.83  point; the S&P 600 Small-Cap Index closed at 959.39   with a loss of -0.54%  percent or -5.22  point; the S&P 400 Mid-Cap Index closed at 1,953.97 with  a loss of -0.18% percent or -3.49 point; the S&P 100 Index closed at 1,251.42  with  a loss of -0.04% percent or -0.51 point; the Russell 3000 Index closed at 1,664.68   with  0.00% percent or  -0.07 point; the Russell 1000 Index closed at 1,561.66 for up  with +0.04% percent or  -+0.55 point; and the Dow Jones U.S. Select Dividend Index closed at 26,149.39  for up with   +0.28% percent or  +72.50  point.

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