Nasdaq Futures Opening Update as on 01 May 2018

U.S. stock futures higher in pre-market trading for Tuesday, May 01. The Nasdaq Futures is trading at 6,619.25  up  with +0.12% percent or +7.75 point.The S&P 500 Futures is trading at  2,651.25 up with +0.16% percent or +4.25 point.  The Dow Futures is trading at 24,141.00  up with +0.04% percent or +10.00 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,508.03 up with +0.18% percent or +40.16 point. Hong Kong’s Hang Seng is trading at 30,808.45  up with +1.74% percent or +527.78  point. China’s Shanghai Composite is trading at 3,082.23 up with +0.23% percent or  +7.20 point. India’s BSE Sensex is trading at 35,160.36 up with +0.55% percent or +190.66  point at 12:15 PM.The FTSE 100 is trading at 7,520.97  up with +0.16% percent or  +11.67 point. Germany’s DAX is trading at 2,612.11  up with +0.25% percent or +31.24 point. France’s CAC 40 is trading at 5,520.50 up with +0.68% percent or +37.32  point. The Stoxx Europe 600 is trading at 385.63 up with +0.08% percent or +0.31 point.

Tuesday’s Factors and Events

Gilead Sciences (GILD) will report first quarter fiscal 2018 earnings results after Tuesday’s closing bell. With its shares falling some 14% in three months, a solid beat on both the top and bottom lines would be just what the doctor ordered.

However, increased competition from the likes of Merck (MRK) and AbbVie (ABBV) have pressured Gilead’s HCV revenues, resulting in declining sales in Harvoni and Sovaldi. In that vein, on Tuesday Wall Street will want the company to assuage investor fears about its competitive position.

For the quarter that ended in March, the Foster City, Calif.-based company is projected to earn $1.67 per share on revenue of $5.4 billion. This compares to the year-ago quarter when earnings came to $2.23 per share on revenue of $6.5 billion. For the full year, ending in December, earnings are projected to be $6.47 per share, down from $8.84 a year ago, while full-year revenue of $21.29 billion would mark a decline of 18.4% year over year.

Monday’s Activity

U.S. market were lower on Monday.For the day The Nasdaq Composite is trading at 7,066.27  with a loss of -0.75% percent or -53.53 point. the Dow is trading at 24,163.15 with a loss of -0.61% percent or –148.04 point. The S&P 500 is trading at 2,648.05 with a loss of -0.82% percent or -21.86 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,508.03 up with +0.18% percent or +40.16 point. Hong Kong’s Hang Seng is trading at 30,808.45  up with +1.74% percent or +527.78  point. China’s Shanghai Composite is trading at 3,082.23 up with +0.23% percent or  +7.20 point. India’s BSE Sensex is trading at 35,160.36 up with +0.55% percent or +190.66  point at 12:15 PM.The FTSE 100 is trading at 7,520.97  up with +0.16% percent or  +11.67 point. Germany’s DAX is trading at 2,612.11  up with +0.25% percent or +31.24 point. France’s CAC 40 is trading at 5,520.50 up with +0.68% percent or +37.32  point. The Stoxx Europe 600 is trading at 385.63 up with +0.08% percent or +0.31 point.

Updates

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