U.S. stock futures lower in pre-market trading for Friday, May 04.The Nasdaq Futures is trading at 6,649.50 with a loss of -0.23% percent or -15.00 point.The Dow Futures is trading at 23,877.00 with a loss of -0.14% percent or -33.00 point.The S&P 500 Futures is trading at 2,627.75 with a loss of -0.15% percent or -4.00 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 29,984.42 with a loss of -1.09% percent or -328.95 point. China’s Shanghai Composite is trading at 3,091.03 with a loss of -0.32% percent or -9.83 point. India’s BSE Sensex is trading at 34,935.93 with a loss of -0.48% percent or -167.21 point at 12:15 PM.The FTSE 100 is trading at 7,534.10 up with +0.42% percent or +31.41 point. Germany’s DAX is trading at 12,745.04 up with +0.43% percent or +54.89 point. France’s CAC 40 is trading at 5,493.14 with a loss of -0.15% percent or -8.46 point. The Stoxx Europe 600 is trading at 385.72 up with +0.28% percent or +0.28% point.
Friday’s Factors and Events
U.S. market were mixed on Thursday.For the day The Nasdaq Composite is trading at 7,088.15 with a loss of -0.18% percent or -12.75 point. the Dow is trading at 23,930.15 up with +0.022% percent or +5.17 point. The S&P 500 is trading at 2,629.73 with a loss of -0.23% percent or -5.94 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,546.56 with a loss of -0.54% percent or -8.36 point; the S&P 600 Small-Cap Index closed at 947.08 with a loss of -0.66% percent or –6.33 point; the S&P 400 Mid-Cap Index closed at 1,872.56 with a loss of -0.17% percent or -3.27 point; the S&P 100 Index closed at 1,153.93 with a loss of -0.23% percent or -2.71 point; the Russell 3000 Index closed at 1,560.62 with a loss of -0.25% percent or -3.95 point; the Russell 1000 Index closed at 1,458.50 with a loss of -0.23% percent or -3.34 point;
As good as things have been for Booking Holdings (NASDAQ: BKNG) , at least one Wall Street pro sees things getting even better. Oppenheimer analyst Jed Kelly is bumping his price target from $2,275 to $2,500. Despite some recently iffy performance metrics by lesser travel sites, there’s market enthusiasm for the company formerly known as Priceline as it heads into next week’s critical earnings report. Booking Holdings reports first-quarter results after Wednesday’s market close.
Kelly sees marketplace trends shifting in Booking’s favor, as performance marketing headwinds moderate, allowing it to improve what it has to shell out for leads as well as its search profile. Kelly is naturally sticking to his bullish outperform rating. His new price goal implies 16% of upside from here.