Nasdaq Futures Opening Update as on 09 March 2018

U.S. stock futures are mixed in pre-market trading for Friday, March 09.The Nasdaq Futures are trading at 6,998.00 with a loss of  -0.03% percent or -2.25 point.The S&P 500 Futures are trading at 2,744.25  with 0.00%  percent or 0.00 point.The Dow Futures are trading at 24,935.00 for up  with +0.06% percent or +14.00 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,469.20 for up  with  +0.47% percent or  +101.13 point. Hong Kong’s Hang Seng are trading at 30,996.21 for up with +1.11% percent or  +341.69 point. China’s Shanghai Composite are trading at 3,307.17  for up with  +0.57% percent or +18.76 point. India’s BSE Sensex are trading at 33,310.58  with a loss of -0.12% percent or  -40.99 point at 12:15 PM.The FTSE 100 are trading at 7,198.18  with a loss of -0.07% percent or  -5.06 point. Germany’s DAX are trading at 12,293.74  with a loss of -0.50% percent or -61.83  point. France’s CAC 40 are trading at 5,247.58   with a loss of -0.12% percent or -6.51 point. The Stoxx Europe 600 are trading at 376.50  with a loss of -0.05% percent or -0.16 point.

Friday’s Factors and Events

“A couple of years ago, we decided to expand to global 3,000 (segment). Many countries, including India, have now become relevant. We are about to launch full-fledged sales in India,” Reddy said.

Pegasystems, through its technologies, has helped one of India’s largest states scale up its digitisation efforts in a “remarkable and dramatic” fashion, he said.

“We are in a beginning stage from revenue perspective (in India),” Reddy said.

Asia-Pacific, excluding India, currently contributes 15-18 per cent to the overall revenues of the company.

On the headcount front in India, Reddy said the company has grown 16 per cent year-on-year in the last two years.

“We have the potential to exceed 20 per cent (growth in headcount in India) and get closer to 25 per cent in the next few years.”

“We are equipped to grow to up to 2,000 in these two development centres in terms of the capacity we created. Very soon, we have to probably think about growing that capacity even further,” Reddy added.

Thursday’s Activity

U.S. market were higher on Thursday. For the day the Dow Jones Industrial Average closed at 24,895.21  for up with +0.38% percent or  +93.85 point. The S&P 500 closed at 2,738.97  for up with +0.45% percent or +12.17 point. The Nasdaq Composite closed at 7,427.95 for up with +0.42% percent or  +31.30 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,571.97  with a loss of -0.16% percent or -2.57 point; the S&P 600 Small-Cap Index closed at 955.38   with a loss of -0.12% percent or -1.11 point; the S&P 400 Mid-Cap Index closed at 1,917.63 with a loss of  -0.15% percent or -2.79 point; the S&P 100 Index closed at 1,207.88  for up  with +0.50% percent or +6.02 point; the Russell 3000 Index closed at 1,621.24  for up with +0.37% percent or +5.91 point; the Russell 1000 Index closed at 1,517.90 for up  with +0.41% percent or 6.19 point; and the Dow Jones U.S. Select Dividend Index closed at 24,895.21  for up  with  +0.38% percent or +93.85 point.

Updates

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