U.S. stock futures higher in pre-market trading for Thursday, May 10.The Nasdaq Futures is trading at 6,908.50 up with +0.18% percent or +12.50 point.The Dow Futures is trading at 24,527.00 up with +0.10% percent or +24.00 point. The S&P 500 Futures is trading at 2,699.75 up with +0.14% percent or +3.75 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 22,497.18 up with +0.39% percent or +88.30 point. Hong Kong’s Hang Seng is trading at 30,842.11 up with +1.00% percent or +305.97 point. China’s Shanghai Composite is trading at 3,174.26 up with +0.48% percent or +15.11 point. India’s BSE Sensex is trading at 35,338.00 up with 0.058% percent or +20.41 point at 12:15 PM.The FTSE 100 is trading at 7,671.77 up with +0.12% percent or +9.43 point. Germany’s DAX is trading at 12,990.74 up with +0.37% percent or +47.68 point. France’s CAC 40 is trading at 5,535.98 up with +0.025% percent or +1.36 point. The Stoxx Europe 600 is trading at 392.31 with a loss of -0.03% percent or -0.09 point.
Thursday’s Factors and Events
U.S. market were higher on Wednesday.For the day The Nasdaq Composite is trading at 7,339.91 up with +1.00% percent or +73.00 point. the Dow is trading at 24,542.54 up with +0.75% percent or +182.33 point. The S&P 500 is trading at 2,697.79 up with +0.97% percent or +25.87 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,596.05 up with +0.61% percent or +9.66 point; the S&P 600 Small-Cap Index closed at 980.13 up with +0.55% percent or +5.36 point; the S&P 400 Mid-Cap Index closed at 1,923.89 up with +0.52% percent or +9.98 point; the S&P 100 Index closed at 1,185.69 up with +1.02% percent or +11.92 point; the Russell 3000 Index closed at 1,602.58 up with +0.91% percent or +14.52 point; the Russell 1000 Index closed at 1,497.08 up with +0.94% percent or +13.95 point;
The biggest and most immediate reaction came, as you might expect given the importance of the Middle East in energy, in the oil market. Coming into the announcement, oil was all over the place. This decision hardly came as a surprise to anybody, as it was an oft-repeated campaign promise for Trump, who has repeatedly indicated over the last year that it was one he would stick to. That expectation has been one of the factors driving oil higher over the last three months or so, with the move up really accelerating in the last few days.