U.S. stock futures lower in pre-market trading for , May 29 The Nasdaq Futures is trading at 7,238.75 with a loss of -0.77% percent or -0.77% point.The Dow Futures is trading at 25,221.50 with a loss of -0.58% percent or -147.50 point.The S&P 500 Futures is trading at 2,789.62 with a loss of -0.55% percent or -15.38 point.
In overnight trading in the Eastern Hemisphere, In other parts of world, Japan’s Nikkei 225 is trading at 21,003.37 with a loss of -1.21% percent or -256.77 point. Hong Kong’s Hang Seng is trading at 27,261.43 with a loss of -0.47% percent or -129.38 point. China’s Shanghai Composite is trading at 2,914.70 up with +0.16% percent or +4.79 point. India’s BSE Sensex is trading at 39,653.87 with a loss of -0.24% percent or -95.86 point at 12:15 PM.The FTSE 100 is trading at 7,176.12 with a loss of -1.28% percent or -92.76 point. Germany’s DAX is trading at 11,887.38 with a loss of -1.16% percent or -139.67 point. France’s CAC 40 is trading at 5,228.59 with a loss of -1.58% percent or -84.10 point. The Stoxx Europe 600 is trading at 371.14 with a loss of -1.27% percent or -4.76 point.
Wednesday’s Factors and Events
The Dow was set to add to its 4.7% decline so far in May with risk aversion increasing in recent days as bond yields dropped. The 10-year Treasury note yield, which touched a 19-month low on Tuesday, declined again in early trading Wednesday to 2.24%. A portion of the so-called yield curve further inverted as 3-month Treasury bills last yielded 2.3456%, well above the 10-year rate.
It comes at a time when the world’s two largest economies are locked in a protracted trade dispute.
Washington and Beijing 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.
For the day The Nasdaq Composite is trading at 7,607.35 with a loss of -0.39% percent or -29.66 point.the Dow is trading at 25,347.77 with a loss of -0.93% percent or -237.92 point. The S&P 500 is trading at 2,802.39 with a loss of -0.84% percent or -23.67 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,504.02 with a loss of -0.67% percent or -10.09 point; the S&P 600 Small-Cap Index closed at 911.79 with a loss of -0.63% percent or -5.75 point; the S&P 400 Mid-Cap Index closed at 1,844.17 with a loss of -1.00% percent or -18.66 point; the S&P 100 Index closed at 1,240.99 with a loss of -0.77% percent or -9.68 point; the Russell 3000 Index closed at 1,649.75 with a loss of -0.82% percent or -13.60 point; the Russell 1000 Index closed at 1,551.81 with a loss of -0.83% or -12.97 point.