U.S. stock higher in pre-market trading for,April 29.The Nasdaq Futures is tradingat 8,777.25 up with +0.66% percent or +57.50 point.The Dow Futures is trading at 24,192.00 up with +0.61%percent or +147.00 point.The S&P 500 Futures is trading at 2,883.62 up with +0.57% percent or +16.37 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,771.19 with a loss of –0.061% percent or –12.03 point. Hong Kong’s Hang Seng is trading at 24,595.75 up with +0.081% percent or +19.79 point. China’s Shanghai Composite is trading at 2,817.64 up with +0.27% percent or +7.62 point. India’s BSE Sensex is trading at 32,468.68 up with +1.10% percent or +354.16 point at 12:15 PM.Germany’s DAX is trading at 10,816.76 with 0.20% percent or +21.13 point. France’s CAC 40 is trading at 4,562.11 with a loss of –0.17% percent or –7.68 point. The Stoxx Europe 600 is trading at 340.86 with a loss of -0.067% percent or –0.23 point.
Wednesday’s Factors and Events
All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from coronavirus crisis.
“It doesn’t look like the Fed will raise interest rates beyond 0% until well-past the pandemic, which we think might be around 2023,” said Jim Caron, head of global macro strategies at Morgan Stanley Investment Management. “The market is pricing a recovery that starts in Q3, but there’s wide variability, and we need the Fed to give its input
For the day The Nasdaq Composite is trading at 8,607.73 with a loss of -1.40% percent or -122.43 point. the Dow is trading at 24,101.55 with a loss of -0.13% percent or -32.23 point. The S&P 500 is trading at 2,863.39 with a loss of -0.52% percent or -15.09 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,298.08 with 1.26% percent or +16.20 point; the S&P 600 Small-Cap Index closed at 761.08 up with +2.04% percent or +15.24 point; the S&P 400 Mid-Cap Index closed at 1,629.89 up with +1.01% percent or +16.36 point; the S&P 100 Index closed at 1,307.17 with a loss of –0.98% percent or -12.96 point; the Russell 3000 Index closed at 1,657.17 with a loss of –0.37% percent or ?6.18 point; the Russell 1000 Index closed at 1,574.73 with a loss of -0.47%or -7.46 point.