U.S. stock futures lower in pre-market trading for Friday, September 07.The Nasdaq Futures is trading at 7,443.75 with a loss of -0.18% percent or -11.75 point.The Dow Futures is trading at 25,981.00 with a loss of -0.17% percent or -44.00 point.The S&P 500 Futures is trading at 2,874.75 with a loss of -0.15% percent or -4.25 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,307.06 with a loss of -0.80% percent or -180.88 point. Hong Kong’s Hang Seng is trading at 26,982.63 up with +0.029% percent or +7.81 point. China’s Shanghai Composite is trading at 2,702.30 up with +0.40% percent or +10.71 point. India’s BSE Sensex is trading at 38,260.32 up with +0.046% percent or +17.51 point at 12:15 PM.The FTSE 100 is trading at 7,251.89 with a loss of -0.92% percent or -67.07 point. Germany’s DAX is trading at 11,935.24 with a loss of -0.17% percent or -20.01 point. France’s CAC 40 is trading at 5,239.14 with a loss of -0.089% percent or -4.69 point. The Stoxx Europe 600 is trading at 372.95 with a loss of -0.15% percent or -0.57 point.
Friday’s Factors and Events
Chipmakers were among the worst-performing tech stocks. Micron Technology dropped 10 percent, while Lam Research and Applied Materials fell 6.7 percent and 5.3 percent, respectively. These stocks fell after a Morgan Stanley analyst and an executive at KLA-Tencor issued demand warnings for the semiconductor space.
“Tech did get a head of itself recently,” said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management. “Investors are a bit cautious right now given several factors,” including trade and emerging-market risk. So “the natural place to pull back from is tech.”
For the day The Nasdaq Composite is trading at 7,922.73 with a loss of -0.91% percent or -72.45 point.the Dow is trading at 25,995.87 up with +0.080% percent or +20.88 point. The S&P 500 is trading at 2,878.05 with a loss of -0.37% percent or -10.55 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,714.47 with a loss of -0.76% percent or -13.18 point; the S&P 600 Small-Cap Index closed at 1,084.05 with a loss of -0.71% percent or -7.71 point; the S&P 400 Mid-Cap Index closed at 2,031.54 with a loss of -0.34% percent or -7.01 point; the S&P 100 Index closed at 1,273.98 with a loss of -0.43% percent or -5.45 point; the Russell 3000 Index closed at 1,710.69 with a loss of -0.40% percent or -6.86 point; the Russell 1000 Index closed at 1,597.15 with a loss of -0.37% percent or -5.92 point;