U.S INDEX MARKET
The U.S. Dollar Index is trading at 94.42 with a loss of -0.42% percent or -0.40 point. The Dow Futures is trading at 24,516.00 up with +0.57% percent or +139.00 point. The S&P 500 Futures is trading at 2,705.50 up with +0.49% percent or +13.25 point. The Nasdaq Futures is trading at 6,967.50 up with +0.33% percent or +19.00 point.
TODAY’S FACTORS AND EVENTS
Italy’s political woes have rattled global financial markets in recent sessions, amid renewed concerns over the prospect that snap elections in Rome could be framed as a de facto referendum on the country’s role in Europe.
On the data front, ADP payrolls data are due at 8:15 a.m. ET while a second reading of first-quarter GDP will come out at 8.30 a.m. ET. Meanwhile, the Federal Reserve will release its Beige Book at 2 p.m. ET.
In oil markets, crude futures slipped towards $75 a barrel Wednesday amid growing pressure from heightened expectations that OPEC and its allied partners would soon look to relax its ongoing production cuts.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,361.45 with a loss of -1.58% percent or -391.64 point. The S&P 500 is trading at 2,689.86 with a loss of -1.16% percent or -31.47 point. The Nasdaq Composite is trading at 7,396.59 with a loss of -0.50% percent or -37.26 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,623.65 with a loss of -0.20% percent or -3.28 point; the S&P 600 Small-Cap Index closed at 1,004.17 with a loss of -0.047% percent or -0.47 point; the S&P 400 Mid-Cap Index closed at 1,939.24 with a loss of -0.39% percent or -7.63 point; the S&P 100 Index closed at 1,180.34 with a loss of -1.19% percent or -14.19 point; the Russell 3000 Index closed at 1,601.62 with a loss of -1.01% percent or -16.39 point; the Russell 1000 Index closed at 1,493.93 with a loss of -1.08% percent or -16.34 point;