U.S. stock futures lower in pre-market trading for Tuesday, May 08.The Nasdaq Futures is trading at 6,806.25 with a loss of -0.29% percent or -19.75 point.The Dow Futures is trading at 24,246.00 with a loss of -0.27% percent or -65.00 point.The S&P 500 Futures is trading at 2,662.75  with a loss of -0.27% percent or -7.25 point.

In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,508.69 up with +0.18% percent or +41.53 point. Hong Kong’s Hang Seng is trading at 30,402.81 up  with +1.36% percent or +408.55 point. China’s Shanghai Composite is trading at 3,161.50 up with +0.79% percent or +24.85 point. India’s BSE Sensex is trading at 35,221.50 up with +0.036% percent or +12.69  point at 12:15 PM.The FTSE 100 is trading at 7,576.11 up with +0.12% percent or +8.97 point. Germany’s DAX is trading at 12,888.85  with a loss of -0.46% percent or  -59.29 point. France’s CAC 40 is trading at 5,507.36 with a loss of -0.43% percent or  23.84 point. The Stoxx Europe 600 is trading at 388.71   with a loss of -0.20% percent or -0.74 point.

Tuesday’s Factors and Events

We support standards that increase year over year that also are consistent with marketplace realities,” Mitch Bainwol, chief executive of the Alliance of Automobile Manufacturers, a trade group representing major automakers, will tell a U.S. House of Representatives panel on Tuesday, according to written testimony released on Monday.

The National Highway Traffic Safety Administration has not formally submitted its joint proposal with the Environmental Protection Agency to the White House Office of Management and Budget for review. Even so, last week, California and 16 other states sued to challenge the Trump administration’s decision to revise U.S. vehicle rules.

Auto industry executives have held meetings with the Trump administration for months and have urged the administration to try to reach a deal with California even as they support slowing the pace of reduction in carbon dioxide emissions that the Obama administration rules outlined.

Monday’s Activity

U.S. market were higher on Monday.For the day The Nasdaq Composite is trading at 7,265.21 up with +0.77% percent or  +55.60 point. the Dow is trading at 24,357.32 up with +0.39% percent or +94.81 point. The S&P 500 is trading at 2,672.63  up with +0.35% percent or +9.21 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,578.95 up  with +0.85% percent or +13.34 point; the S&P 600 Small-Cap Index closed at 966.49  up with +0.79% percent or  +7.57 point; the S&P 400 Mid-Cap Index closed at 1,907.92 up with +0.55% percent or +10.47   point; the S&P 100 Index closed at 1,174.26 up with +0.39% percent or +4.62 point; the Russell 3000 Index closed at 1,587.44 up with +0.42% percent or +6.68 point; the Russell 1000 Index closed at 1,483.10 up with +0.39% percent or +5.71 point;