Nasdaq Futures Opening Update as on 06 June 2018

U.S. stock futures higher in pre-market trading for Wednesday, June 06. The Nasdaq Futures is trading at 7,217.25 up with +0.53% percent or +38.00 point.The Dow Futures is trading at 25,153.00 up with +1.33% percent or 331.00 point.The S&P 500 Futures is trading at 2,773.50 up with +0.80% percent or +22.00 point.

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,625.73 up with +0.38% percent or +86.19 point. Hong Kong’s Hang Seng is trading at 31,259.10 up with +0.53% percent or +165.65 point. China’s Shanghai Composite is trading at 3,115.18  up with +0.031% percent or +0.97 point. India’s BSE Sensex is trading at 35,178.88 up with +0.79% percent or  275.67 point at 12:15 PM.The FTSE 100 is trading at 7,712.37up with +0.33% percent or +25.57 (0.33%) point. Germany’s DAX is trading at 12,830.07 up with +0.34% percent or +42.94 point. France’s CAC 40 is trading at 0.062% with a loss of –0.062% percent or –3.38 point. The Stoxx Europe 600 is trading at 386.88 with a loss of –0.00% percent or -0.01 point.

Wednesday’s Factors and Events

Many investors have viewed Tesla’s production targets for Model 3 as overly optimistic. After all, the automaker has already delayed production targets for the vehicle twice . But Musk said on Tuesday that the company continues to maintain its revised target for a Model 3 production rate of 5,000 units per week around the end of its second quarter. With the end of its second quarter just a few weeks away, it’s getting tougher to dismiss this ambitious production goal.

In addition, Robert Baird analyst Ben Kallo was upbeat about Tesla stock in an interview with Bloomberg. Kallo, who has a $411 price target on the stock, cites Tesla’s rapid growth in its business and its “under-owned” shares as reasons to be optimistic

Tuesday’s Activity

For the day The Nasdaq Composite is trading at 7,675.60 up with +0.49% percent or  +37.74 point.the Dow is trading at 25,098.44 with +1.20% percent or +298.46 point. The S&P 500 is trading at 2,766.96 up with  +0.66% percent or  +18.16 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,675.95 up with +0.68% percent or +11.32 point; the S&P 600 Small-Cap Index closed at 1,039.13 up with +0.57% percent or +5.89 point; the S&P 400 Mid-Cap Index closed at 1,989.56  up  with +0.77% percent or +15.22 point; the S&P 100 Index closed at 1,219.18 up with  +0.93% percent or +11.26 point; the Russell 3000 Index closed at 1,651.26 up with +0.85% percent or + 13.88 point; the Russell 1000 Index closed at 1,540.08 up with +0.86% percent or +13.16 point;

Updates

nasdaqfutures.org_updates@imediaone.com

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