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S&P 500 Financials Dec '19 (BNZ19)

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S&P 500 Financials Futures Market News and Commentary

Stocks See Support on Lower Bond Yields and Strong Earnings

The S&P 500 Index ($SPX) (SPY) this morning is up +0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.14%. 

US stock indexes this morning are mildly higher, with the S&P 500 and Nasdaq 100 climbing to 3-week highs and the Dow Jones Industrials posting a 4-week high.  A decline in the 10-year T-note yield today to a 3-1/2 week low is supporting stocks.  Also, expectations that the Fed will start cutting interest rates this year are positive for stocks. 

Corporate news today is mixed for stocks.  On the positive side, FMC Corp is up more than +8% after forecasting full-year revenue above consensus.  Also, GlobalFoundries is up more than +9% after reporting Q1 adjusted EPS above consensus.  In addition, International Paper is up more than +7% after Reuters reported that Suzano approached International Paper with an offer to buy the company for about $15 billion or $42 per share. 

On the negative side, Bui... 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
12/20/19 (expired)

Seasonal Chart

S&P 500 Financials Dec '19
Average Price Chart for 5 Prior Dec 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
360.30 +5.56%
on 12/03/19
380.55 -0.06%
on 12/17/19
+15.52 (+4.25%)
since 11/20/19
3-Month
325.65 +16.79%
on 10/03/19
380.55 -0.06%
on 12/17/19
+34.22 (+9.89%)
since 09/20/19
52-Week
277.30 +37.15%
on 12/24/18
380.55 -0.06%
on 12/17/19
+91.17 (+31.53%)
since 12/20/18

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 380.32
1st Resistance Point 380.32
Last Price 380.32s
1st Support Level 380.32
2nd Support Level 380.32
3rd Support Level N/A

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52-Week High 380.55
Last Price 380.32s
Fibonacci 61.8% 341.11
Fibonacci 50% 328.92
Fibonacci 38.2% 316.74
52-Week Low 277.30

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