Nasdaq Futures Opening Update as on 22 May 2018

U.S. stock futures higher in pre-market trading for Tuesday, May 22. The Nasdaq Futures is trading at 6,939.00 up with +0.34% percent or +23.75 point.The Dow Futures is trading at 25,053.00 up  with +0.20% percent or +51.00 point. The S&P 500 Futures is trading at 2,738.25 up with +0.19% percent or +5.25 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,960.34  with a loss of -0.18% percent or  -42.03 point. Hong Kong’s Hang Seng is trading at 31,234.35 up with +0.60% percent or  +186.44 point. China’s Shanghai Composite is trading at 3,212.62  with a loss of  -0.038% percent or  -1.22 point. India’s BSE Sensex is trading at 34,690.95 up with +0.22% percent or  +74.82  point at 12:15 PM.The FTSE 100 is trading at 7,870.28 up with +0.14% percent or +11.11 point. Germany’s DAX is trading at 13,091.52 up with +0.11% percent or +13.80 point. France’s CAC 40 is trading at 5,632.31  with a loss of -0.092% percent or  -5.21 point. The Stoxx Europe 600 is trading at 395.92 up with +0.01% percent or  +0.05 point.

Tuesday’s Factors and Events

Over the last few months, the stock market has displayed somewhat alarming symptoms of the trading equivalent of ADHD. Traders’ attention has shifted rapidly from one perceived influence to the next. Trade in general, and specifically with China, is the current reason for the daily ups and downs, but we have also seen a focus on North Korea, the Middle East, the Russia investigation and, lest we forget, the yield on the 10-Year T-Note.

All these things could be important, but the one most likely to have a lasting impact on the U.S. economy and every U.S. resident is interest rates.

Now that we have established a new range for the ten year above three percent, it seems that nobody is talking about what, just a few weeks ago, was regarded as critical.

Monday’s Activity

U.S. market were mixed on Monday.For the day The Nasdaq Composite is trading at 7,394.04 up with +0.54% percent or +39.70 point. the Dow is trading at 25,013.29 up with +1.21% percent or  +298.20 point. The S&P 500 is trading at 2,733.01  up with +0.74% percent or +20.04 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,637.44 up with +0.66% percent or +10.81 point; the S&P 600 Small-Cap Index closed at 1,011.82 up with +0.92% percent or +9.25 point; the S&P 400 Mid-Cap Index closed at 1,962.48 up with +0.98% percent or +19.11  point; the S&P 100 Index closed at 1,200.53 with +0.83% percent or +9.88 point; the Russell 3000 Index closed at 1,625.35 up with +0.74% percent or +11.87 point; the Russell 1000 Index closed at 1,516.88 up with +0.74% percent or +11.17 point;

Updates

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