Nasdaq-100 Pre-Market Indicator

Current Value
1953.75

Net Change
9.81

% Change
0.50%

Mar 19, 9:30AM

Nasdaq-100 Index Previous Close:
03/18/2010 4:00 PM 1943.94

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Sam Collins' Report

How Will the Market React to the Fed's News?

In another day of broad-based buying, but with very light volume -- the lightest volume in over a month -- the major indices...Read the full story

Market Currents by

9:53 AM The Treasury releases 1,792 pages of emails and documents to Bloomberg News in response to its FOIA request, but blacks out the names of some executives over fears they'll be harassed. Charles Davis, of the National Freedom of Information Coalition: "They have been the requesters and recipients of an amazing amount of government largesse, and as a result their names should be a matter of public record."
9:46 AM Canaccord Adams drops its price target on Palm ([[PALM]] -18.4%) to $0 from $4. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support." Ouch. (earlier)
9:41 AM U.S. insurers, owners of more than $2.2T in corporate debt, bought another $153B in 2009 - the fastest pace in five years. Warren Buffett has said the market is "raining gold," and Allstate's (ALL) CIO Judy Greffin agrees: "It has paid off very nicely. With the benefit of hindsight, I would have loved to have bought more."
9:30 AM At the open: Dow +0.14% to 10794. S&P +0.02% to 1166. Nasdaq -0.01% to 2391. Treasurys: 30-year -0.11%. 10-yr -0.15%. 5-yr -0.11%. Commodities: Crude -0.53% to $82.10. Gold -0.19% to $1125.40. Currencies: Euro -0.49% vs. dollar. Yen -0.39%. Pound -0.73%.
9:27 AM Goldman lowers its Q1 profit forecasts for peers JPMorgan (JPM), Bank of America (BAC), Morgan Stanley (MS), Jefferies (JEF) and Piper Jaffray (PJC) by an average of 15%, and by 3% for the year, noting capital markets have gotten off to a "choppy start" in 2010. PJC -2.5% premarket. JEF -0.7%.
Read all today's Market Currents on Seeking Alpha »

9:53 AM The Treasury releases 1,792 pages of emails and documents to Bloomberg News in response to its FOIA request, but blacks out the names of some executives over fears they'll be harassed. Charles Davis, of the National Freedom of Information Coalition: "They have been the requesters and recipients of an amazing amount of government largesse, and as a result their names should be a matter of public record."

9:46 AM Canaccord Adams drops its price target on Palm ([[PALM]] -18.4%) to $0 from $4. "We believe Palm's troubles will only accelerate as carriers and suppliers increasingly question the company's solvency and withdraw their support." Ouch. (earlier)

9:41 AM U.S. insurers, owners of more than $2.2T in corporate debt, bought another $153B in 2009 - the fastest pace in five years. Warren Buffett has said the market is "raining gold," and Allstate's (ALL) CIO Judy Greffin agrees: "It has paid off very nicely. With the benefit of hindsight, I would have loved to have bought more."

9:30 AM At the open: Dow +0.14% to 10794. S&P +0.02% to 1166. Nasdaq -0.01% to 2391.
Treasurys: 30-year -0.11%. 10-yr -0.15%. 5-yr -0.11%.
Commodities: Crude -0.53% to $82.10. Gold -0.19% to $1125.40.
Currencies: Euro -0.49% vs. dollar. Yen -0.39%. Pound -0.73%.

9:27 AM Goldman lowers its Q1 profit forecasts for peers JPMorgan (JPM), Bank of America (BAC), Morgan Stanley (MS), Jefferies (JEF) and Piper Jaffray (PJC) by an average of 15%, and by 3% for the year, noting capital markets have gotten off to a "choppy start" in 2010. PJC -2.5% premarket. JEF -0.7%.

Read all today's Market Currents on Seeking Alpha »

World & U.S. Indices

Index Name (Symbol)	Value	Change Net / %		Status
NIKKEI 225 (NIK/O)	10824.72	80.69	0.75%	Closed
NASDAQ Canada (CND)	805.16	3.46	0.43%	Open
NASDAQ Comp. (IXIC)	2389.25	2.03	0.08%	Open
NASDAQ-100 (IXNDX)	1942.20	1.74	0.09%	Open
S&P 500 (SPX)	1166.30	0.47	0.04%	Open
DJIA (INDU)	10783.55	4.38	0.04%	Open
CAC 40 (CAC40)	3957.09	18.91	0.48%	Open
FTSE100 (UKX100)	5681.68	39.06	0.69%	Open
BEL 20 (BEL20)	2661.38	6.53	0.25%	Open

Q&A for Extended Trading

What is the Nasdaq-100 Pre-Market Indicator^SM?
A question asked every day by investors and the financial news media is “Will the market open up or down today?” The Nasdaq-100 Pre-Market Indicator is an index of trading activity based on pre-market open prices. The PMI was developed by nasdaq.com to help gauge pre-market trends leading into the trading day as a predictor of opening prices.

What is the Nasdaq-100 After Hours Indicator^SM?
The Nasdaq-100 After Hours Indicator is also an index of trading activity. The AHI is based on extended trading prices during the after hours market, 4:00 to 6:30 p.m. ET.

How would the Nasdaq-100 Indicators be used?
Historically, limited information sources have been available to gauge market sentiment during extended trading, leading into or after regular market hours trading. Resources have been pretty much limited to observation of trading activity in individual stocks or futures contracts.

Now, with the PMI and AHI, it’s possible to get a big pre-market or after hours market picture based on actual trading data.

How representative of the market as a whole are the Nasdaq-100 Indicators?
The Nasdaq-100 Index has, since its inception, been one of the most frequently used gauges of the marketplace and is widely considered to be a good barometer of the market as a whole. With the same calculation as the Nasdaq-100 Index but using pre-market or after hours prices, the Nasdaq-100 Indicators offer a helpful measure — indicating extended trading trends.

How are the Nasdaq-100 Pre-Market and After Hours Indicators calculated?
The Indicators are minute by minute calculations during extended hours trading, using the same calculation used for the Nasdaq-100 Index during regular market hours.

The Pre-Market Indicator is calculated based on last sale prices of Nasdaq-100 securities during pre-market trading, 8:00 to 9:30 a.m. ET. If a Nasdaq-100 security does not trade during the pre-market, the calculation uses last sale from the previous day 4 p.m. closing price.
The After Hours Indicator is calculated based on last sale prices of Nasdaq-100 securities during after hours trading, 4:00 to 6:30 p.m. ET. And if a Nasdaq-100 security does not trade in the after hours market, the calculation uses last sale price from that day’s 4 p.m. closing.

How was the quality of the Nasdaq-100 Pre-Market and After Hours Indicators evaluated?
Nasdaq Economic Research performed an analysis of the methodology for calculating the Indicators’ values and determined that the methodology is consistent with calculation of the Nasdaq-100 Index during regular market hours and has shown good continuity with prices at open and close of regular market hours.

Learn more about pre-market and after-hours stock trading in our Learning Markets area.