Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, PMI Manufacturing Index 9:45 AM ET, ISM Mfg Index 10:00 AM ET, Construction Spending 10:00 AM ET, and Eric Rosengren Speaks 5:00 PM ET.
S&P 500 Futures: Last Day Of The Month Jitters
During Thursday nights Globex session, the S&P 500 futures initially traded down to print a low at 2920.50, and then rallied to print a high at 2946.50 when news out of China came out saying they are having effective communication with the U.S. concerning the trade war. The headlines helped extend the overnight range to 26 handles, and the ESU would go on to open Friday’s regular trading hours (RTH) at 2941.50, up +16.75 handles.
The China trade news wound up being the only positive note to the day. After kissing the 50 day moving average at 2945.00, the futures turned south, and buy 10:30 CT had traded back through the Globex low to print a new low for the day at 2913.25.
Once the low was in, selling pressure died down, and the ES drifted sideways for the rest of the day.