Presidential Debate and Oil Prices Have U.S. Market Futures Trading Lower
Mon Sep 26 2016
Julie Young (90 articles)
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Presidential Debate and Oil Prices Have U.S. Market Futures Trading Lower

NEW YORK :

U.S. stock futures are pointing lower in pre-market trading for Monday, September 26. The Dow Futures are at 18107.0 for a loss of -83.00 points. The S&P 500 Futures are at 2148.5 for a loss of -9.50 points. The Nasdaq Futures are at 4829.75 for a loss of -26.75 points. The Russell Futures are at 1244.2 for a loss of -6.10 points.

In overnight trading in the Eastern Hemisphere, Japans Nikkei 225 is at 16544.56 for a loss of -209.46 points or -1.25 percent. Hong Kong’s Hang Seng Index is at 23317.92 for a loss of -368.56 points or -1.56 percent. China’s Shanghai Composite is at 2980.43 for a loss of -53.47 points or -1.76 percent. India’s S&P BSE Sensex is at 28294.28 for a loss of -373.94 points or -1.30 percent. In Europe, the FTSE 100 is at 6833.34 for a loss of -76.09 points or -1.10 percent. Germany’s DAX is at 10474.08 for a loss of -152.89 points or -1.44 percent. France’s CAC 40 is at 4419.99 for a loss of -68.70 points or -1.53 percent. The Stoxx Europe 600 is at 340.91 for a loss of -4.43 points or -1.28 percent.

Monday’s Factors and Events

Stocks are lower in pre-market trading Monday ahead of Monday night’s presidential debate and OPEC’s informal meeting in Algeria. The presidential debate will be important for voters and investors. OPEC will end its meeting Wednesday which could follow with production freezes helping to improve the price of oil. Lower oil prices have been a factor leading up to the meeting as many speculators do not expect an agreement to follow from the meeting.

Reports on the economic calendar for Monday include New Home Sales and the Dallas Fed Manufacturing Survey. Federal Reserve speeches from Neel Kashkari and Robert Kaplan are also scheduled for Monday.

Stocks trading actively in pre-market trading include the following:

Anadarko Petroleum

Hologic Inc

Vertex Pharmaceuticals

Activision Blizzard

Genuine Parts

ConocoPhillips

Carnival Corp

Corning Inc

Alliant Energy

Friday’s Activity

U.S. market indexes were lower on Friday. For the day the Dow Jones Industrial Average closed at 18261.45 for a loss of -131.01 points or -0.71 percent. The S&P 500 was also down, closing at 2164.69 for a loss of -12.49 points or -0.57 percent. The Nasdaq Composite closed lower at 5305.75 for a loss of -33.78 points or -0.63 percent.

Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.

Other notable indexes included the small-cap Russell 2000 at 1254.62 for a loss of -8.82 points or -0.70 percent; the S&P 600 Small-Cap Index at 759.39 for a loss of -5.25 points or -0.69 percent; the S&P 400 Mid-Cap Index at 1550.82 for a loss of -12.12 points or -0.78 percent; the S&P 100 Index at 957.95 for a loss of -5.25 points or -0.55 percent; the Russell 3000 Index at 1283.07 for a loss of -7.43 points or -0.58 percent; the Russell 1000 Index at 1200.47 for a loss of -6.83 points or -0.57 percent; and the Dow Jones U.S. Select Dividend Index closing at 618.96 for a loss of -3.25 points or -0.52 percent.


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Julie Young

Julie Young

Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.