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S&P 500 Financials Jun '24 (BNM24)

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S&P 500 Financials Futures Market News and Commentary

Stocks Climb, With the Nasdaq 100 Posting New Record Highs

The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.50%.

Stock indexes today are higher, with the Nasdaq 100 posting a new record high.  US stocks have had a positive carryover from gains in European equities after French political risks eased when Marine Le Pen said she would work with French President Macron should she win the upcoming French elections. 

On the positive side for US stocks, Citigroup today raised its outlook for US equities to overweight from neutral and cut its outlook for European stocks to neutral from overweight, citing “a substantially higher growth tilt in the US relative to Europe and heightened political risks” in Europe.

M&A activity supports stocks, with Autodesk up more than +4% after the Wall Street Journal reported that Starboard Value has taken a $500 million stake in the company.  Also, Aaron’s is up more than +32% after IQVent... Read more

Contract Specifications

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Contract
S&P 500 Financials Sector Index
Contract Size
$250 times Index
Tick Size
0.05 points ($12.50 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$250
Expiration Date
06/21/24 (4 days)

Seasonal Chart

S&P 500 Financials Jun '24
Average Price Chart for 5 Prior Jun Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
496.95 +1.17%
on 06/14/24
524.80 -4.20%
on 05/20/24
-22.10 (-4.21%)
since 05/17/24
3-Month
491.40 +2.31%
on 04/17/24
532.65 -5.61%
on 04/01/24
-5.15 (-1.01%)
since 03/15/24
52-Week
395.10 +27.25%
on 10/27/23
532.65 -5.61%
on 04/01/24
+77.85 (+18.32%)
since 06/16/23

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Most Recent Stories

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How High Will Apple Stock Go as 'Apple Intelligence' Lifts Sentiment?

Apple stock is soaring to record highs after last week's widely awaited WWDC. Here's how high analysts believe AAPL stock could go after unveiling its 'Apple Intelligence.'

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Is Chipotle Stock Outperforming the Nasdaq?

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Is Synopsys Stock Outperforming the Dow?

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2 Cheap Stocks Under $30 to Buy in June With 43% to 76% Upside

Spending less and earning more is possible with these two small-cap stocks.

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FVRR : 22.42 (-1.23%)
How Is McKesson's Stock Performance Compared to Other Healthcare Stocks?

McKesson has outperformed other healthcare stocks over the past three months, and analysts remain optimistic about the stock’s prospects.

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Trane Technologies Stock: Is TT Outperforming the Industrial Sector?

Trane Technologies has comprehensively outperformed the industrial sector over the past three months, and analysts remain optimistic about the stock’s prospects.

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Skeptical Options Activity on Ollie’s Bargain Outlet (OLLI) Doesn’t Cloud Bullish Case

While boring discount retail play OLLI stock has enjoyed a relatively impressive performance this year, that alone doesn’t mean it’s a sell.

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Nvidia Stock Could Be Worth $200 Per Share Based on Its FCF, +53% More

Nvidia stock has been on a run lately but based on its powerful free cash flow and FCF margins it could be worth $200 per share or 53% more. One way to play this is to short out-of-the-money puts.

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Why Is Autodesk (ADSK) Stock Rocketing Higher Today

Why Is Autodesk (ADSK) Stock Rocketing Higher Today

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 506.05
2nd Resistance Point 503.55
1st Resistance Point 501.95
Last Price 503.30
1st Support Level 497.85
2nd Support Level 495.35
3rd Support Level 493.75

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52-Week High 532.65
Last Price 503.30
Fibonacci 61.8% 480.11
Fibonacci 50% 463.88
Fibonacci 38.2% 447.64
52-Week Low 395.10

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