Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp -1.23%, Hang Seng +0.39%, Nikkei -0.08%
- In Europe 7 out of 13 markets are trading higher: CAC +0.02%, DAX +0.27%, FTSE +0.79%
- Fair Value: S&P -0.19, NASDAQ +6.95, Dow -37.80
- Total Volume: 773k ESU & 1,074 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Tom Barkin Speaks 8:45 AM ET, EIA Petroleum Status Report 10:30 AM ET, and a 10-Yr Note Auction 1:00 PM ET.
S&P 500 Futures: They Call This “Thin to Win”
After trading higher in the overnight session, the S&P 500 futures opened Tuesday’s regular session at 2857.00, up +7.00 handles. The low at 2855.75 was printed just after the bell, then the benchmark futures pushed higher through the rest of the morning, making a high at 2863.75 just after 9:30 am ct. From there, the ES made a late morning low of 2858.00, followed by a trade up to 2862.25 at midday.
The afternoon saw a very tight and choppy range until the final hour, and was then able to push down to 2857.75, before printing 2858.75 on the 3:00 cash close, and then settling the day at 2859.75, up +9.75 handles, or +0.30%. The overall tone was still a thin to win type price action.
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