U.S. stock futures lower in pre-market trading for , December 10.The Nasdaq Futures is trading at 6,605.25 with a loss of -0.28% percent or -0.28% point.The Dow Futures is trading at 24,364.00 with a loss of -0.28% percent or -68.00 point. The S&P 500 Futures is trading at 2,628.25 with a loss of -0.29% percent or -7.75 point.
In overnight trading in the Eastern Hemisphere,Japan’s Nikkei 225 is trading at 21,219.50 with a loss of -2.12% percent or -459.18 point. Hong Kong’s Hang Seng is trading at 25,765.86 with a loss of -1.14% percent or -297.90 point. China’s Shanghai Composite is trading at 2,584.58 with a loss of -0.82% percent or -21.31 point. India’s BSE Sensex is trading at 35,127.80 with a loss of -1.53% percent or ?546.42 point at 12:15 PM.The FTSE 100 is trading at 6,758.06 with a loss of -0.30% percent or -20.05 point. Germany’s DAX is trading at 10,731.31 with a loss of -0.53% percent or -56.78 point. France’s CAC 40 is trading at 4,792.51 with a loss of -0.43% percent or -20.61 point. The Stoxx Europe 600 is trading at 342.93 with a loss of -0.72% percent or -2.53 point.
Monday’s Factors and Events
That perpetual burner of cash and consumer of profit in years past finally turned profitableand free-cash-flow positive in Q3, and what’s more, it promised to earn more profit and generate more cash flow in Q4. That’s big part of the reason why Jefferies upgraded Tesla stock this morning.
“Tesla is one of a few OEMs likely to grow earnings in 2019-20,” writes Jefferies today in a note covered on StreetInsider.com (subscription required). The company stands out from the competition “with broader price points, battery security of supply, product edge and a brand that transcends the volume/premium divide,” argues the analyst.
For the day The Nasdaq Composite is trading at 6,969.25 with a loss of -3.05% percent or -219.01 point.the Dow is trading at 24,388.95 with a loss of -2.24% percent or -558.72 point. The S&P 500 is trading at 2,633.08 with a loss of – 2.33% percent or -62.87 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,448.09 with a loss of -1.98% percent or ?29.32 point; the S&P 600 Small-Cap Index closed at 905.26 with a loss of -1.86% percent or -17.17 point; the S&P 400 Mid-Cap Index closed at 1,780.94 with a loss of – 2.01% percent or -36.54 point; the S&P 100 Index closed at 1,167.57 with a loss of -2.39% percent or -28.63 point; the Russell 3000 Index closed at 1,550.49 with a loss of -2.31% percent or -36.69 point; the Russell 1000 Index closed at 1,455.80 with a loss of -2.34% percent or -34.83 point;