U.S. stock futures higher in pre-market trading for Friday, July 27.The Nasdaq Futures is trading at 7,453.75 up with +0.31% percent or +23.00 point.The Dow Futures is trading at 25,554.00 up with +0.11% percent or +29.00 point. The S&P 500 Futures is trading at 2,845.25 up with +0.10% percent or +2.75 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,712.75 up with +0.56% percent or +125.88 point. Hong Kong’s Hang Seng is trading at 28,765.68 with a loss of -0.054% percent or -15.46 point. China’s Shanghai Composite is trading at 2,873.59 with a loss of -0.30% percent or -8.63 point. India’s BSE Sensex is trading at 37,258.99 up with +0.74% percent or +274.35 point at 12:15 PM.The FTSE 100 is trading at 7,701.49 up with +0.50% percent or +38.32 point. Germany’s DAX is trading at 12,875.61 up with +0.51% percent or +65.39 point. France’s CAC 40 is trading at 5,495.41 up with +0.27% percent or +14.87 point. The Stoxx Europe 600 is trading at 392.02 up with +0.38% percent or +1.49 point.
Friday’s Factors and Events
The Nasdaq Composite dropped 1 percent to finish at 7,852.18, led by a steep decline in Facebook shares. The index posted its worst one-day loss since June 27, when it lost 1.5 percent; Facebook suffered its worst day in its history as a public company with shares closing down 18.96 percent.
The historic drop in Facebook shares came a day after its quarterly revenue missed expectations. Global daily active users, a key metric for the social media giant, also disappointed investors. Additionally, Facebook said it expects its revenue growth rate to slow down from last year. Facebook’s earnings per share, however, topped Wall Street estimates.
Thursday’s Activity
For the day The Nasdaq Composite is trading at 7,852.18 with a loss of -1.01% percent or -80.05 point. the Dow is trading at 25,527.07 up with +0.44% percent or +112.97 point. The S&P 500 is trading at 2,837.44 with a loss of -0.30% percent or -8.63 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,695.36 up with +0.60% percent or +10.16 point; the S&P 600 Small-Cap Index closed at 1,059.77 up with +1.08% percent or +11.37 point; the S&P 400 Mid-Cap Index closed at 1,997.44 up with +0.45% percent or +8.88 point; the S&P 100 Index closed at 1,251.50 with a loss of -0.71% percent or -9.00 point; the Russell 3000 Index closed at 1,685.60 with a loss of -0.18%percent or -3.00 point; the Russell 1000 Index closed at 1,573.26 with a loss of -0.24% percent or -3.82 point;