Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed lower: Shanghai Comp -2.43%, Hang Seng -0.86%, Nikkei +0.48%
- In Europe 8 out of 13 markets closed lower: CAC -0.21%, DAX -0.08%, FTSE -0.52%
- Fair Value: S&P +2.13, NASDAQ +16.05, Dow -14.82
- Total Volume: 1.1 million ESM & 300 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 52-Week Bill Settlement, Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET, EIA Natural Gas Report 10:30 AM ET, Kansas City Fed Manufacturing Index 11:00 AM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.
S&P 500 Futures: Back And Fill Ahead Of Earnings
During Tuesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2939.75, a low of 2931.75, and opened Wednesday’s regular trading hours at 2934.00.
The first move after the 8:30 CT bell was a dip down to a new low at 2931.00, followed by a rip up to test the Globex highs. It fell just shy by a single tick, printing 2939.50, and then traded sideways for the next hour.
Just before 11:00, the futures again turned lower, eventually printing a new low at 2928.50 at 12:15. From there, the ES retraced back up to 2934.25, then traded sideways for the rest of the afternoon.
Going into the close, the futures printed 2935.75 when the 2:45 cash imbalance reveal showed $547M to sell, then printed 2930.50 on the 3:00 cash close, and finished the day 2930.50 on the 3:15 futures close.
In the end, the overall tone of the ES was firm. In terms of the days overall trade, total volume was a little lower, with just over 1 million futures contracts traded.
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