U.S. stock higher in pre-market trading for,July 27.The Nasdaq Futures is trading at 10,555.50 with +0.92% percent or +96.50 point.The Dow Futures is trading at 26,422.00 up with +0.38% percent or +100.00 point.The S&P 500 Futures is trading at 3,219.62 up with +0.49% percent or +15.62 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,715.85 with a loss of –0.16% percent or –35.76 point. Hong Kong’s Hang Seng is trading at 24,606.45 with a loss of –0.40% percent or –98.88 point. China’s Shanghai Composite is trading at 3,186.73 with a loss of –0.31% percent or –10.03 point. India’s BSE Sensex is trading at 37,988.58 with a loss of -0.37% percent or –140.32 point at 12:15 PM.Germany’s DAX is trading at 12,852.69 up with +0.11% percent or +14.63 point. France’s CAC 40 is trading at 4,939.05 with a loss of –0.35% percent or –17.38 point. The Stoxx Europe 600 is trading at 366.40 with a loss of -0.24% percent or –0.89 point.
Monday’s Factors and Events
“Stock prices have soared even as analysts’ consensus expected earnings estimates have plunged,” said Ed Yardeni, chief investment strategist at Yardeni Research. “These estimates have started to show signs of bottoming in the past few weeks. However, any recovery could be dampened or even aborted if the Covid-19 case count continues to mount and state governors slow or reverse the lifting of lockdown restrictions.”
For the day The Nasdaq Composite is trading at 10,363.18 with a loss of -0.94% percent or -98.24 point.the Dow is trading at 26,469.89 with a loss of -0.68% percent or -182.44 point. The S&P 500 is trading at 3,215.63 with a loss of –0.62% percent or -20.03 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,467.55 with a loss of -1.52% percent or -22.65 point; the S&P 600 Small-Cap Index closed at 851.59 with a loss of –1.68% percent or -14.55 point; the S&P 400 Mid-Cap Index closed at 1,849.94 with a loss of -0.79% percent or -14.71 point; the S&P 100 Index closed at 1,474.12 with a loss of –0.65% percent or -9.57 point; the Russell 3000 Index closed at 1,877.04 with a loss of –0.74%percent or -14.08 point; the Russell 1000 Index closed at 1,783.84 with a loss of –0.70% or -12.54 point.