US Futures Slightly Climbed amid DJIA Index’s 260 Point Loss

US Futures Slightly Climbed amid DJIA Index’s 260 Point Loss

On Wednesday, US futures slightly climbed after the Dow Jones Industrial Average index sharply plunged in the market.

Moreover, the Dow futures rose 0.08% or 24.00 points to $35,118.00 per share.

Then, the S&P futures climbed 0.06% or 2.50 points to $4,521.75 per share.

Similarly, the Nasdaq futures inched up 0.03% or 4.50 points to $15,679.75 per share. 

Market participants reassessed the growth outlook of the indices from their smooth ride in the stock market this year. 

Meanwhile, the DJIA index plunged 0.76% or 269.09 points to $35,100.00 per share. 

Likewise, the S&P 500 index edged down 0.34% or 15.40 points to $4,520.03 per share.

Then, the Nasdaq Composite index hiked 0.07% or 10.81 points to $15,374.33 per share.

Investors look forward to more volatility this September, one of the weakest seasons of the year. 

Furthermore, experts forecasted price swings to come back as the S&P 500 index soared about 20.00% this year.

Consequently, the Labor Department will release its July job openings and labor turnover survey today.

Last June, the total number of job openings climbed 10.07 million from its previous 9.48 million.

Moreover, one of the catalysts in the stock market is the possible start of a monetary stimulus. 

This is to support the economy from the implications brought by the rising cases of Delta infections.

Meanwhile, Fed Chairman Powell mentioned that the central bank could withdraw some of its monetary policies later this year.

In addition, the Federal Reserve still has a clouded stance on interest rate hikes. 

The Asia-Pacific Mixed as Japan Recovers

Meanwhile, shares in the Asia-Pacific mixed as Japan’s second-quarter gross domestic product hiked.

On the Tokyo Stock Exchange, the Nikkei 225 index improved 0.89% or 265.07 points to $30,181.21 per share. 

Then, the broader TOPIX index rose 0.79% or 16.23 points to $2,079.61 per share

Additionally, Japan’s second-quarter GDP increased 0.50% from its previous 0.30%, edging higher from its expected reading of 0.40%.

Consequently, Hong Kong’s Hang Seng index edged down 0.42% or 109.71 points or $26,243.92 per share. 

Moreover, traders turned their attention to the China Evergrande Group as it hiked to 2.80% or 0.10 points to $3.67 per share.

In China, the Shanghai Composite index plunged 0.03% or 1.40 points to $3,675.19 per share.

Moreover, the Shenzhen Component index fell 0.10% or 14.82 points to $14,688.08 per share.

Furthermore, South Korea’s Kospi dropped 0.77% or 24.43 points to $3,162.99 per share.

In Australia, the S&P/ASX 200 plummeted 0.24% or 18.30 points to $7,512.00 per share.