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S&P 500 Financials Jun '23 (BNM23)

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S&P 500 Financials Futures Market News and Commentary

Stocks Settle Mixed as Indexes Consolidate Below Record Highs

The S&P 500 Index ($SPX) (SPY) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.06%. 

US stock indexes settled mixed on Friday as they consolidated just below this week’s all-time highs.  Stocks garnered some support Friday on dovish comments made Thursday evening from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, referring to slowly moderating inflation and continued economic momentum, "then it could be appropriate for us to reduce rates toward the end of the year."

Higher T-note yields on Friday weighed on chip stocks and kept the Nasdaq 100 in negative territory.  Hawkish comments from Fed Governor Bowman pushed T-note yields higher when she said, "With average core CPI this year through April running at an annualized rate of 4.3%, well above average inflation in the second half of last year, I expect inflation to remain elevated for some time."... 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
06/16/23 (expired)

Seasonal Chart

S&P 500 Financials Jun '23
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
388.10 +6.96%
on 05/31/23
415.11 unch
on 06/16/23
+21.96 (+5.59%)
since 05/16/23
3-Month
376.90 +10.14%
on 03/24/23
415.70 -0.14%
on 04/19/23
+18.61 (+4.69%)
since 03/16/23
52-Week
375.30 +10.61%
on 10/12/22
460.55 -9.87%
on 02/07/23
+33.51 (+8.78%)
since 06/16/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 415.11
2nd Resistance Point 415.11
1st Resistance Point 415.11
Last Price 415.11s
1st Support Level 415.11
2nd Support Level 415.11
3rd Support Level 415.11

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52-Week High 460.55
Fibonacci 61.8% 427.98
Fibonacci 50% 417.92
Last Price 415.11s
Fibonacci 38.2% 407.87
52-Week Low 375.30

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