U.S. Market Futures Substantially Higher in Pre-Market Trading
U.S. stock futures are higher in pre-market trading for Monday, June 20. The Dow Futures are up 203 points to 17762.0. The S&P 500 Futures are up 27.00 points to 2086.0. The Nasdaq Futures are higher at 4414.75 for a gain of 55.25 points. The Russell Futures are showing a gain of 19.40 points at 1157.2.
Stocks are trading higher globally as surveys show voters more in favor of the U.K. staying in the European Union. In overnight trading in the Eastern Hemisphere China’s Shanghai Composite is at 2888.81 for a gain of 3.70 points or 0.13 percent. Japan’s Nikkei 225 is at 15965.30 for a gain of 531.16 or 3.44 percent. Hong Kong’s Hang Seng is at 20510.20 for a gain of 471.78 or 2.35 percent. The S&P BSE Sensex is at 26866.92 for a gain of 241.01 or 0.91 percent and the NSE Nifty is at 8,238.50 for a gain of 68.30 points or 0.84 percent. In Europe, stocks are also higher. The FTSE 100 is at 6194.78 for a gain of 244.30 points or 4.11 percent. Germany’s DAX is at 9954.64 for a gain of 404.17 points or 4.23 percent. France’s CAC 40 is at 4330.28 for a gain of 177.27 points or 4.27 percent.
Monday’s Factors and Events
This week, global markets will be watching the U.K. and European Union as the vote for the U.K.’s exit from the European Union takes place on Thursday.
No significant economic reports are on the calendar for Monday. In the afternoon, Minneapolis Federal Reserve President, Neel Kashkari will be speaking in Washington with opening remarks at a forum about too big to fail banks. Janet Yellen will also be speaking on Tuesday and Wednesday of this week.
In pre-market trading, stocks trading actively include Chesapeake Energy, Carnival Corp., Bank of America, Whole Foods and Viacom.
Stocks to watch today include Facebook and Viacom. Facebook will be holdings its annual shareholder meeting Monday. Viacom has been actively making changes to its management and board of directors.
Friday’s Activity
Stocks in the U.S were mostly lower Friday. The Dow Jones Industrial Average lost -57.94 points or -0.33 percent to close at 17675.16. The S&P 500 was also down, closing at 2071.23 for a loss of -6.76 points or -0.33 percent. The Nasdaq Composite closed lower at 4800.34 for a loss of -44.58 points or -0.92 percent.
Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.
Other notable index closes in the U.S. included the small-cap Russell 2000, closing lower at 1,145 for a loss of -3.49 points or -0.30 percent; the S&P 600 closing at 701.48 for a loss of -1.53 points or -0.22 percent; the S&P 400 Mid-Cap Index closing at 1,479.95 for a gain of 1.14 points or 0.08 percent; the S&P 100 closing at 914.95 for a loss of -4.59 points or -0.50 percent; the Russell 3000 closing at 1,221.57 for a loss of -3.52 points or -0.29 percent; the Russell 1000 closing at 1146.89 for a loss of -3.28 points or -0.29 percent; the Nasdaq 100 closing at 4374.38 for a loss of -49.85 points or -1.13 percent; and the Dow Jones U.S. Select Dividend Index closing at 596.97 for a gain of 0.99 points or 0.17 percent.
