Nasdaq Futures Opening Update as on 21 Feb 2020

U.S. stock  lower in pre-market trading for,Feb 21.The Nasdaq Futures is trading at 9,575.88 with a loss of -0.50% percent or -48.37 point.The Dow Futures is trading at 29,057.00 with a loss of -0.39% percent or -114.00 point.The S&P 500 Futures is trading at 3,355.38 with a loss of -0.41% percent or -13.87 point.

In overnight trading in the Eastern Hemisphere,In other parts of world, Japan’s Nikkei 225 is trading at 23,386.74 with a loss of –0.39% percent or –92.41 point. Hong Kong’s Hang Seng is trading at 27,325.40 with a loss of  –1.03% percent or –283.76  point. China’s Shanghai Composite is trading at 3,039.67 up with  +0.31% percent or +9.51  point. India’s BSE Sensex is trading at 41,170.12 with a loss of –0.37% percent or –152.88 point at 12:15 PM.Germany’s DAX is trading at 13,659.65 with a loss of – 0.037% percent or –4.99 point. France’s CAC 40 is trading at 6,054.61 with a loss of –0.13% percent or –7.69 point. The Stoxx Europe 600 is trading at 429.43 with a loss of -0.18% percent or -0.76   point.

Friday’s Factors and Events

U.S. stock futures ES00, -0.42%  were weaker as well.

The economic news for Europe showed improving conditions. The IHS Markit flash eurozone manufacturing purchasing managers index rose to a 12-month high of 49.1 in February and the services PMI reached a 2-month high of 52.8, both beating economist forecasts. Any reading below 50 indicates worsening conditions.

“The expansion is being led by welcome resilience in the service sector but manufacturing is also showing encouraging signs of pulling out of the downturn that has plagued producers for over a year, with new orders falling at the slowest rate since late-2018,” said Chris Williamson, chief business economist at IHS Markit.

Thursday Activity

For the day The Nasdaq Composite is trading at 9,750.96 with a loss of –0.67% percent or –66.21 point.the Dow is trading at 29,219.98 with a loss of –0.44% percent or –128.05   point. The S&P 500 is trading at 3,373.23  with a loss of –0.47% percent or –12.92 point. 

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,696.07 up with +0.21% percent or +3.50 point; the S&P 600 Small-Cap Index closed at 1,020.96 up with +0.46% percent or +4.65 point; the S&P 400 Mid-Cap Index closed at 2,106.12 up with +0.36% percent or +7.55 point; the S&P 100 Index closed at 1,511.27 with a loss of –0.50% percent or –7.67 point; the Russell 3000 Index closed at 1,978.55 with a loss of –0.29% percent or  ?5.71 point; the Russell 1000 Index closed at 1,869.21 with a loss of –0.32% or –6.02 point.

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