Nasdaq Futures Opening Update as on 02 May 2018

U.S. stock futures mixed in pre-market trading for Wednesday, May 02.The Nasdaq Futures is trading at 6,716.00  up  with +0.36% percent or +24.00 point.The S&P 500 Futures is trading at  2,654.00 up with +0.07% percent or +1.75 point.  The Dow Futures is trading at 24,045.00  with  a loss of -0.11% percent or -27.00 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,472.78  with a loss of -0.16% percent or -35.25 point. Hong Kong’s Hang Seng is trading at 30,710.51   with a loss of -0.33% percent or -102.18  point. China’s Shanghai Composite is trading at 3,081.32  with a loss of -0.030% percent or  -0.91 point. India’s BSE Sensex is trading at 35,245.13 up with +0.24% percent or +84.77  point at 12:15 PM.The FTSE 100 is trading at 7,564.37 up with +0.59% percent or  +44.01 point. Germany’s DAX is trading at 12,702.92  up with +0.73%  percent or +92.19 point. France’s CAC 40 is trading at 5,523.62 up with +0.057% percent or +3.13  point. The Stoxx Europe 600 is trading at 386.69 up with +0.44% percent or +1.81  point.

Wednesday’s Factors and Events

  • Nasdaq’s impressive double-digit revenue gain was composed of 9.4% organic growth, a 3% boost from favorable foreign-currency translation and a positive impact of 2.2% from acquisitions.
  • The company’s operating margin slipped 140 basis points, to roughly 41%, against the comparable prior-year quarter. Management attributed the cost creep to higher operating expenses due to recent acquisitions and higher incentive-compensation expense tied to the company’s top-line gains during the quarter.
  • After posting a revenue increase of just $3 million in the last sequential quarter, the market-services segment recorded an improvement of $32 million, to $250 million, in the first quarter of 2018. The 14.7% increase was propelled by higher trading volumes in equity derivatives and cash equities.

Tuesday’s Activity

U.S. market were Mixed on Tuesday.For the day the Dow is trading at 24,099.05 with a loss of -0.27% percent or -64.10 point. The S&P 500 is trading at 2,654.80 up with +0.25% percent or +6.75 point. The Nasdaq Composite is trading at 7,130.70 up with +0.91% percent or +64.44 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,550.34  up with +0.55%  percent or +8.46 point; the S&P 600 Small-Cap Index closed at 951.88 up  with +0.46% percent or +4.37 point; the S&P 400 Mid-Cap Index closed at 1,879.57  up with +0.38% percent or +7.12   point; the S&P 100 Index closed at 1,164.40  up with +0.32% percent or +3.67 point; the Russell 3000 Index closed at 1,574.18 up with +0.27%percent or +4.27 point; the Russell 1000 Index closed at 1,471.94 up with +0.25% percent or+3.66 point;