U.S. stock futures lower in pre-market trading for Wednesday, May 16. The Nasdaq Futures is trading at 6,883.75 with a loss of -0.10% percent or -6.75 point.The Dow Futures is trading at 24,641.00 with a loss of -0.08% percent or -19.00 point. The S&P 500 Futures is trading at 2,707.25 with a loss of -0.06% percent or -1.75 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,717.23 with a loss of -0.44% percent or -100.79 point. Hong Kong’s Hang Seng is trading at 30,982.90 with a loss of -0.54% percent or -169.13 point. China’s Shanghai Composite is trading at 3,171.76 with a loss of -0.64% percent or -20.36 point. India’s BSE Sensex is trading at 35,384.13 with a loss of -0.45% percent or -159.81 point at 12:15 PM.The FTSE 100 is trading at 7,719.28 with a loss of -0.048% percent or -3.70 point. Germany’s DAX is trading at 12,978.45 up with +0.065% percent or +8.41 point. France’s CAC 40 is trading at 5,545.58 with a loss of -0.14% percent or -7.57 point. The Stoxx Europe 600 is trading at 392.15 with a loss of -0.06% percent or -0.18 point.
Wednesday’s Factors and Events
U.S. market were lower on Tuesday.For the day The Nasdaq Composite is trading at 7,351.63 with a loss of – 0.81% percent or -59.69 point. the Dow is trading at 24,706.41 with a loss of -0.78% percent or -193.00 point. The S&P 500 is trading at 2,711.45 with a loss of -0.68% percent or -18.68 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,600.34 with a loss of 0.00% percent or 0.00 point; the S&P 600 Small-Cap Index closed at 982.43 up with +0.031% percent or +0.30 point; the S&P 400 Mid-Cap Index closed at 1,930.67 with a loss of -0.24% percent or -4.56 point; the S&P 100 Index closed at 1,192.81 with a loss of -0.77% percent or -9.25 point; the Russell 3000 Index closed at 1,609.65 with a loss of -0.60% percent or -9.76 point; the Russell 1000 Index closed at 1,503.91 with a loss of -0.65% percent or -9.88 point;
Starbucks SBUX had its second fiscal quarter earnings report, with a muted reaction from the market. Sales increased 14%, but that figure was boosted an extra 5% from the consolidation of the East China business, along with foreign currency tailwinds. While earnings per share grew only 4.4%, that number was negatively impacted by restructuring costs associated with closing Teavana stores, as well as impairments in Switzerland; however, stripping those factors out, EPS was up a strong 17.8% on a non-GAAP basis.
Starbucks is now a sprawling global colossus with 28,209 stores across 76 markets, so attempting to assess the overall state of the business requires parsing several puts and takes. Let’s look past the headline numbers and focus on what you need to know.