Nasdaq Futures Opening Update as on 07 September 2018

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.”

Thursday’s Activity

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;

Updates

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