U.S. stock futures higher in pre-market trading for Tuesday, July 31.The Nasdaq Futures is trading at 7,207.75 up with +0.10% percent or +7.25 point.The Dow Futures is trading at 25,296.00 up with +0.04% percent or +11.00 point. The S&P 500 Futures is trading at 2,807.75 up with +0.16% percent or +4.50 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,553.72 up with +0.039% percent or+8.88 point. Hong Kong’s Hang Seng is trading at 28,604.76 with a loss of -0.45% percent or -128.37 point. China’s Shanghai Composite is trading at 2,876.40 up with +0.26% percent or +7.35 point. India’s BSE Sensex is trading at 37,429.71 with a loss of – 0.17% percent or -64.69 point at 12:15 PM.The FTSE 100 is trading at 7,754.21 up with +0.69% percent or +53.36 point. Germany’s DAX is trading at 12,803.61 up with +0.042% percent or +5.41 point. France’s CAC 40 is trading at 5,495.83 up with +0.084% percent or +4.61 point. The Stoxx Europe 600 is trading at 391.65 up with +0.19% percent or +0.73 point.
Tuesday’s Factors and Events
Tech shares dove last week after Facebook dropped 19 percent Thursday on reporting weaker-than-expected revenue and lowering its revenue growth forecast. Facebook’s massive drop sent the tech sector down 1.15 percent last week.
“The guys at the top don’t stay there forever,” said Kim Forrest, senior equity analyst at Fort Pitt Capital. “I don’t see anyone displacing them right now, but they do have to make changes to their business models. For example, Facebook has to spend more money to make sure people aren’t abusing the platform. Investors like more money, not less.”
For the day The Nasdaq Composite is trading at 7,630.00 with a loss of -1.39% percent or -107.42 point. the Dow is trading at 25,306.83 with a loss of -0.57% percent or -144.23 point. The S&P 500 is trading at 2,802.60 with a loss of -0.58% percent or -16.22 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,653.13 with a loss of -0.61% percent or –10.21 point; the S&P 600 Small-Cap Index closed at 1,036.56 with a loss of -0.46% percent or -4.74 point; the S&P 400 Mid-Cap Index closed at 1,966.41 with a loss of -0.45% percent or -8.81 point; the S&P 100 Index closed at 1,237.63 with a loss of -0.50% percent or -6.20 point; the Russell 3000 Index closed at 1,661.45 with a loss of -0.63% percent or -10.55 point; the Russell 1000 Index closed at 1,552.11 with a loss of -0.63% percent or -9.88 point;