U.S. stock futures mixed in pre-market trading for Wednesday, August 08.The Nasdaq Futures is trading at 7,475.75 with a loss of -0.02% percent or -1.75 point.The Dow Futures is trading at 25,601.00 with 0.00% percent or +1.00 point.The S&P 500 Futures is trading at 2,859.75 with +0.00% percent or +0.00 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,644.31 with a loss of -0.081% percent or -18.43 point. Hong Kong’s Hang Seng is trading at 28,352.65 up with +0.37% percent or +103.77 point. China’s Shanghai Composite is trading at 2,744.07 with a loss of -1.27% percent or -35.30 point. India’s BSE Sensex is trading at 37,877.02 up with +0.56% percent or +211.22 point at 12:15 PM.The FTSE 100 is trading at 7,783.56 up with +0.84% percent or +65.08 point. Germany’s DAX is trading at 12,689.33 up with +0.33% percent or +41.14 point. France’s CAC 40 is trading at 5,527.04 up with +0.10% percent or +5.73 point. The Stoxx Europe 600 is trading at 390.60 up with +0.03% percent or +0.11 point.
wednesday’s Factors and Events
Tesla shares closed up 11 percent at $379.57, slightly below their all-time high.
Asked on Twitter whether Musk would continue to be CEO under such a scenario, he replied there would be “no change.”
Musk has been under intense pressure this year to turn his money-losing, debt-laden company into a profitable higher-volume manufacturer, a prospect that has sent Tesla’s valuation higher than that of General Motors Co.
The company is still working its way out of what Musk called “production hell” at its home factory in Fremont, California, where a series of manufacturing challenges delayed the ramp-up of production of its new Model 3 sedan, on which the company’s profitability rests.
The Silicon Valley company faces a make-or-break moment in its eight-year history as a public company as competition from European automakers is poised to intensify with new electric vehicles from Audi and Jaguar, with more rivals to follow suit next year.
Tuesday’s Activity
For the day The Nasdaq Composite is trading at 7,883.66 up with +0.31% percent or +23.99 point.the Dow is trading at 25,628.91 up with +0.50% percent or +126.73 point. The S&P 500 is trading at 2,858.45 up with +0.28% percent or +8.05 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,688.30 up with +0.24% percent or +3.99 point; the S&P 600 Small-Cap Index closed at 1,062.96 up with +0.14% percent or +1.44 point; the S&P 400 Mid-Cap Index closed at 2,015.15 up with +0.28% percent or +5.65 point; the S&P 100 Index closed at 1,266.41 up with +0.30% percent or +3.84 point; the Russell 3000 Index closed at 1,696.80 up with +0.29% percent or +4.95 point; the Russell 1000 Index closed at 1,585.13 up with +0.30% percent or +4.70 point;