U.S. stock futures higher in pre-market trading for , May 24 The Nasdaq Futures is trading at 7,352.75 up with +0.57% percent or +41.75 point.The Dow Futures is trading at 25,628.00 up with +0.65% percent or +165.00 point.The S&P 500 Futures is trading at 2,837.62 up with +0.64% percent or +18.12 point.
In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 21,117.22 with a loss of -0.16% percent or -33.92 point. Hong Kong’s Hang Seng is trading at 27,390.77 up with +0.45% percent or +123.64 point. China’s Shanghai Composite is trading at 2,855.55 up with +0.11% percent or +3.04 point. India’s BSE Sensex is trading at 39,094.22 up with +0.73% percent or +282.83 point at 12:15 PM.The FTSE 100 is trading at 7,283.79 up with +0.74% percent or +53.67 point. Germany’s DAX is trading at 12,053.79 up with +0.85% percent or +101.38 point. France’s CAC 40 is trading at 5,326.77 up with +0.86% percent or +45.41 point. The Stoxx Europe 600 is trading at 376.56 up with +0.74% percent or +2.77 point.
Friday’s Factors and Events
The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Tensions between Washington and Beijing have ratcheted up even further. The U.S. added Chinese telecom giant Huawei to it’s so-called “Entity List” — effectively banning the company from acquiring technology from U.S. firms without government approval.
On Thursday, four Federal Reserve officials said escalating trade tensions could threaten economic growth. The comments were in stark contrast to Chairman Jerome Powell’s remarks on Monday, when he said it was too early to ascertain the impact of trade on the trajectory of monetary policy.
For the day The Nasdaq Composite is trading at 7,628.28 with a loss of -1.58% percent or -122.56 point.the Dow is trading at 25,490.47 with a loss of -1.11% percent or -286.14 point. The S&P 500 is trading at 2,822.24 with a loss of -1.19% percent or -34.03 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,501.38 with a loss of -1.97% percent or -30.25 point; the S&P 600 Small-Cap Index closed at 909.45 with a loss of -2.23% percent or -20.79 point; the S&P 400 Mid-Cap Index closed at 1,853.57 with a loss of -1.68% percent or -31.59 point; the S&P 100 Index closed at 1,249.31 with a loss of -1.17% percent or -14.84 point; the Russell 3000 Index closed at 1,659.90 with a loss of -1.29% percent or -21.65 point; the Russell 1000 Index closed at 1,562.27 with a loss of -1.24% or -19.55 point.