Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed lower: Shanghai Comp -0.41%, Hang Seng -2.08%, Nikkei -1.55%
- In Europe 10 out of 13 markets are trading higher: CAC +0.22%, DAX +0.12%, FTSE +0.44%
- Fair Value: S&P -0.53, NASDAQ +5.53, Dow -40.78
- Total Volume: 2.36mil ESZ & 1,104 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes John Williams (NYSE:WMB) Speaks 8:30 AM ET, PMI Services Index 9:45 AM ET, ISM Non-Mfg Index 10:00 AM ET, TD Ameritrade IMX 12:30 PM ET, and Robert Kaplan Speaks 7:00 PM ET.
S&P 500 Futures: Positive Jobs Number And Trump China Tariff Deal Talk Don’t Hold Water
After trading higher in the overnight session, the S&P 500 futures opened Friday’s 8:30 cash session at 2751.25. The first move was down 5 handles lower, followed by a rally up to what would be the high of day at 2756.50 just 15 minutes into the session. From there, sellers had control as the ES broke down to a mid morning low at 2721.75, and then after a rally up to 2734.25, traded down further through the late morning, making the low of day just after the noon hour at 2699.50.
After that, the ES chopped sideways to higher 2717.50, and then after a higher low at 2704 the ES started back up, boosted by Trump tweets that helped push the index up to 2728.00, which would be the afternoon high. The last hour saw a low of 2711.75, and then a pop up to 2724.75 going into the closing print which, was came in at 2721.75, before settling the day at 2724.00, down -14.00 handles, or -0.55%.
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