Nasdaq Futures Opening Update as on 18 May 2020

U.S. stock  higher in pre-market trading for,May 18.The Nasdaq Futures is trading at 9,215.75 up with +1.31% percent or +119.25 point.The Dow Futures is trading at 23,890.00 up with +1.59% percent or +373.00 point.The S&P 500 Futures is trading at 2,890.62 up with +1.55% percent or +44.12 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,037.47 up with +0.62% percent or +122.69 point. Hong Kong’s Hang Seng is trading at 23,809.69 with a loss of –0.084% percent or –20.05  point. China’s Shanghai  Composite is trading at 2,868.46  with a loss of –0.066% percent or –1.88 point. India’s BSE Sensex is trading at 30,955.62 with a loss of –0.54% percent or –167.27  point at 12:15 PM.Germany’s DAX is trading at 10,761.13 up with +2.83% percent or +295.96 point. France’s CAC 40 is trading at 4,370.32 with +2.17% percent or +92.69 point. The Stoxx Europe 600 is trading at 335.13 with up +2.10% percent or +6.89  point.

Monday’s Factors and Events

Futures contracts tied to the major U.S. stock indexes rose early Monday, rebounding from losses last week, as investors grew optimistic about the economy reopening. Comments from the Federal Reserve chief also added to the bullish sentiment.

“There’s a lot more we can do,” said Federal Reserve Chairman Jerome Powell to CBS’ “60 Minutes.” “We’ve done what we can as we go. But I will say that we’re not out of ammunition by a long shot. No, there’s really no limit to what we can do with these lending programs that we have.”

Friday Activity

For the day the Dow is trading at 23,685.42 up with +0.25% percent or +60.08  point. The S&P 500 is trading at 2,863.70 up with +0.39% percent or +11.20 point. The Nasdaq Composite is trading at 9,014.56 up with +0.79% percent or +70.84 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,256.99 up with +1.57% percent or +19.44 point; the S&P 600 Small-Cap Index closed at 712.38 up with +1.31% percent or +9.21 point; the S&P 400 Mid-Cap Index closed at 1,578.26 up with +0.71% percent or +11.11 point; the S&P 100 Index closed at 1,323.54 up with +0.47%percent or +6.15 point; the Russell 3000 Index closed at 1,656.81 up with +0.50% percent or +8.20 point; the Russell 1000 Index closed at 1,577.46 with +0.43% or +6.81 point.

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