U.S. stock futures higher in pre-market trading for , October 16.The Nasdaq Futures is trading at 7,122.25 up with +0.65% percent or +45.75 point.The Dow Futures is trading at 25,332.00 up with +0.52% percent or +131.00 point.The S&P 500 Futures is trading at 2,762.50 up with +0.49% percent or +13.50 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,549.24 up with +1.25% percent or +277.94 point. Hong Kong’s Hang Seng is trading at 25,332.89 with a loss of -0.44% percent or -112.17 point. China’s Shanghai Composite is trading at 2,540.80 with a loss of -1.06% percent or -27.30 point. India’s BSE Sensex is trading at 35,045.20 up with +0.52% percent or +180.10 point at 12:15 PM.The FTSE 100 is trading at 7,010.82 with a loss of -0.26% percent or -18.40 point. Germany’s DAX is trading at 11,660.36 up with +0.40% percent or +46.20 point. France’s CAC 40 is trading at 5,109.66 up with +14.59 percent or -13.46 point. The Stoxx Europe 600 is trading at 361.54 up with +0.62% percent or +2.23 point.
Tuesday’s Factors and Events
The major indexes registered their worst weekly losses since March last week as interest rates jumped to multiyear highs. The 10-year Treasury note yield rose to 3.261 percent last week before trading around 3.15 percent on Monday. Investors fretted that a sharp rise in yields would lead to higher borrowing costs and ultimately slow down the world economy
“Certainly, the bond market is suffering from rising inflation anxieties,” said Jim Paulsen, chief investment strategist at The Leuthold Group, in a note to clients. “Investors face a significant risk that only their grandparents had to deal with—a bond market potentially demanding a larger inflation buffer.”
For the day The Nasdaq Composite is trading at 7,430.74 with a loss of -0.88% percent or -66.15 point. the Dow is trading at 25,250.55 with a loss of -0.35% percent or -89.44 point. The S&P 500 is trading at 2,750.79 with a loss of -0.59% percent or -16.34 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,553.09 up with +0.41% percent or +6.42 point; the S&P 600 Small-Cap Index closed at 970.53 up with +0.53% percent or +5.15 point; the S&P 400 Mid-Cap Index closed at 1,879.14 up with +0.42% percent or +7.89 point; the S&P 100 Index closed at 1,224.49 with a loss of -0.74% percent or -9.17 point; the Russell 3000 Index closed at 1,623.12 with a loss of -0.46% or -7.45 point; the Russell 1000 Index closed at 1,521.12 with a loss of -0.53% percent or -8.03 point;