Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp -2.18%, Hang Seng +0.38%, Nikkei -0.16%
- In Europe 13 out of 13 markets are trading higher: CAC +1.11%, DAX +2.02%, FTSE +1.81%
- Fair Value: S&P -0.25, NASDAQ +7.37, Dow -31.22
- Total Volume: 3.49mil ESZ & 1,533 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Personal Income and Outlays 8:30 AM ET, Charles Evans Speaks 9:45 AM ET, and the Dallas Fed Mfg Survey 10:30 AM ET.
S&P 500 Futures: #ES Early Selloff Stabilizes Then Sells Off Again Late In The Day
After a volatile globex session the S&P 500 futures opened Friday’s 8:30 AM regular session at 2663.75. The first move after the bell was a rally up to an early morning high of 2672.25. After that, waves of selling took it down to the early morning low of 2638.00, then after a failed bounce to 2659.50, the ES traded down to 2627.25 before rallying late in the morning up to 2688.00, a quick 50 handle turn around.
The afternoon saw the high of day made just after 12:00 at 2692.75, before a series of lower highs and lower lows through the afternoon eventually took the ESZ down to 2641.00 early in the final hour. From there, the futures bounced up to 2672.75 going into the close, printing 2657.25 at 3:00 PM, before traveling up to settle the day at 2670.50.
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