Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed lower: Shanghai Comp -0.10%, Hang Seng -0.16%, Nikkei +0.08%
- In Europe 13 out of 13 markets are trading higher: CAC +0.81%, DAX +0.10%, FTSE +1.24%
- Fair Value: S&P -1.21, NASDAQ +4.70, Dow -38.90
- Total Volume: 1.39mil ESH & 238 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, FOMC Meeting Begins, International Trade in Goods 8:30 AM ET, Retail Inventories 8:30 AM ET, Wholesale Inventories 8:30 AM ET, Redbook 8:55 AM ET, S&P Corelogic Case-Shiller HPI 9:00 AM ET, and Consumer Confidence 10:00 AM ET.
S&P 500 Futures: CAT Helps Drag The S&P Lower
The S&P 500 futures sold off down to 2636.00 on Sunday’s Globex session, and opened Monday’s regular trading hours at 2638.50, down -25 handles. After the bell, the ES got hit by several sell programs, and pulled back all the way down to 2622.25, down 41.25 handles, going into 11:00 CT.
Once the low was in, the futures ran some buy stops above the vwap, up to the 2639.50 area, pulled back down to 2632.50, then rallied all the way up to 2642.00, 20 handles off the low.
After 2:00, the MiM went from over $250 million to sell, to $630 million to sell, and by 2:53 CT had traded down to 2635.50. The ES went on to trade 2639.50 on the 3:00 cash close, and settled the day at 2642.00 on the 3:15 futures close, down -21.25 handles, or -0.79%, on the day.
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