Nasdaq Futures Opening Update as on 21 March 2018

U.S. stock futures are lower in pre-market trading for Wednesday, March 21.The Nasdaq Futures are trading at 6,896.50  with a loss of -0.25% percent or -17.25 point.The S&P 500 Futures are trading at 2,721.75  with a loss of -0.06% percent or -1.75 point.The Dow Futures are trading at 24,747.00  with a loss of -0.07% percent or -18.00 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,380.97  with a loss of -99.93 percent or  -99.93 point. Hong Kong’s Hang Seng are trading at 31,531.28  with a loss of -0.06% percent or  -18.65 point. China’s Shanghai Composite are trading at 3,280.95   with a loss of  -0.29% percent or  -9.69 point. India’s BSE Sensex are trading at 33,198.87  for up with  +0.61% percent or +202.11 point at 12:15 PM.The FTSE 100 are trading at 7,035.89  with a loss of -0.36% percent or  -25.38 point. Germany’s DAX are trading at 12,333.43 for up with +0.21% percent or +26.10 point. France’s CAC 40 are trading at 5,252.10 with a loss of  -0.01% percent or -0.32 point. The Stoxx Europe 600 are trading at 375.42  with a loss of -0.05% percent or -0.17 point.

Wednesday’s Factors and Events

A surface-level glance at Apple’s first-quarter operating results in the previous two quarters could lead investors astray in an analysis of the tech giant’s services business. Apple’s operating data shows services revenue rising 34% year over year in the fourth quarter of fiscal 2017 and 18% year over year in the first quarter of fiscal 2018. This implies a significant deceleration in the segment’s year-over-year revenue growth rates.

But adjustments for a one-time item in the fourth quarter of 2017 and a shorter first quarter show the opposite is actually true. After these changes, Apple’s services business is actually seeing accelerating growth. Adjusted services revenue was up 24% year over year in Q4 and 27% year over year in Q1.

Tuesday’s Activity

U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 24,727.27 for up  with +0.47% percent or  +116.36 point. The S&P 500 closed at 2,716.94 for up with +0.15% percent or +4.02 point. The Nasdaq Composite closed at 7,364.30 for up with +0.27% percent or  +20.06 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,570.41 with a loss of -0.01% percent or -0.16 point; the S&P 600 Small-Cap Index closed at 959.43   with a loss of -0.07% percent or -0.71 point; the S&P 400 Mid-Cap Index closed at 1,918.74 for up with +0.06% percent or  +1.17 point; the S&P 100 Index closed at 1,192.43 for up  with +0.03% percent or +0.32 point; the Russell 3000 Index closed at 1,609.98 for up with +0.14% percent or  +2.29 point; the Russell 1000 Index closed at 1,506.62 for up with +0.16% percent or +2.34 point; and the Dow Jones U.S. Select Dividend Index closed at 24,727.27  for up with +0.47%  percent or +116.36 point.

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