U.S. stock futures are higher in pre-market trading for Thursday, April 12.The Nasdaq Futures are trading at 6,599.50 for up with +0.10% percent or +6.75 point.The S&P 500 Futures are trading at 2,642.75 for up with +0.07% percent or +1.75 point.The Dow Futures are trading at 24,177.00 for up with +0.04% percent or +10.00 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 21,660.28 with a loss of -0.12% percent or -26.82 point. Hong Kong’s Hang Seng are trading at 30,831.28 with a loss of -0.22% percent or -66.43 point. China’s Shanghai Composite are trading at 3,180.16 with a loss of -0.87% percent or 27.92 point. India’s BSE Sensex are trading at 34,148.84 for up with +0.61% percent or +208.40 point at 12:15 PM.The FTSE 100 are trading at 7,255.63 with a loss of -0.02% percent or -1.51 point. Germany’s DAX are trading at 12,300.71 for up with +0.05% percent or +6.74 point. France’s CAC 40 are trading at 5,279.58 for up with +0.03% percent or +1.64 point. The Stoxx Europe 600 are trading at 376.25 for up with +0.02% percent or +0.08 point.
Thursday’s Factors and Events
Trinity Merger Corp., a blank check company formed by Trinity Investments to acquire a real estate business, filed for its IPO on Wednesday.
The Honolulu, HI-based company plans to raise $300 million by offering 30 million shares at a price of $10. At that price, Trinity Merger would command a market value of $375 million.
Trinity Merger Corp. was founded in 2018 and plans to list on the Nasdaq under the symbol TMCXU. B. Riley & Co. is the sole bookrunner on the deal. Timing on pricing was not disclosed.
U.S. market were lower on Wednesday. For the day the Dow Jones Industrial Average closed at 24,189.45 with a loss of -0.90% percent or -218.55 point. The S&P 500 closed at 2,642.19 with a loss of -0.55% percent or -14.68 point. The Nasdaq Composite closed at 7,069.03 with a loss of -0.36% percent or -25.27 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,546.80 for up with +0.22% percent or +3.37 point; the S&P 600 Small-Cap Index closed at 951.53 for up with +0.20% percent or+1.90 point; the S&P 400 Mid-Cap Index closed at 1,882.09 with a loss of -0.13% percent or -2.48 point; the S&P 100 Index closed at 1,160.58 with a loss of -0.65% percent or -7.56 point; the Russell 3000 Index closed at 1,567.50 with a loss of -0.46% percent or -7.17 point; the Russell 1000 Index closed at 1,465.45 with a loss of -0.51% percent or -7.53 point; and the Dow Jones U.S. Select Dividend Index closed at 24,189.45 with a loss of -0.90% percent or -218.55 point.