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DJIA Jun '14 (DJM14)

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DJIA Futures Market News and Commentary

Stocks Close Higher as the Outlook Improves for Fed Rate Cuts

The S&P 500 Index ($SPX) (SPY) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.99%. 

US stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 2-1/2 week highs and the Dow Jones Industrials posting a 3-1/2 week high.  Stocks opened higher Friday as solid earnings from Apple pushed it up more than +6% and fueled optimism about the earnings power of big technology companies. Stocks added to their gains as bond yields fell after Friday’s weaker-than-expected US reports on Apr nonfarm payrolls and the Apr ISM services index bolstered confidence that the Fed will be able to start cutting interest rates this year.

Stock indexes fell back from their best levels Friday based on hawkish comments from Fed Governor Bowman, who said inflation will likely remain elevated for "some time" and that she is "willing to hike" interest rates if inflation stalls or re... Read more

Contract Specifications

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Contract
Dow Jones Industrial Average
Contract Size
$10 times Index
Tick Size
1 point ($10.00 per contract)
Trading Hours
8:15a.m. - 3:15p.m. CST
Exchange
CBOT
Point Value
$10
Margin/Maintenance
$8,580/7,800
First Notice Date
06/01/14
Expiration Date
06/20/14 (expired)
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Price Performance

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Period Period Low Period High Performance
1-Month
16,405 +3.49%
on 05/21/14
16,977 unch
on 06/20/14
+640 (+3.92%)
since 05/20/14
3-Month
15,940 +6.51%
on 04/11/14
16,977 unch
on 06/20/14
+712 (+4.38%)
since 03/20/14
52-Week
14,347 +18.33%
on 06/25/13
16,977 unch
on 06/20/14
+2,517 (+17.41%)
since 06/20/13

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 16,977
1st Resistance Point 16,977
Last Price 16,977s
1st Support Level 16,977
2nd Support Level 16,977
3rd Support Level N/A

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52-Week High 16,977
Last Price 16,977s
Fibonacci 61.8% 15,972
Fibonacci 50% 15,662
Fibonacci 38.2% 15,352
52-Week Low 14,347

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