3-Month Eurodollar Jun '24 (GEM24)
3-Month Eurodollar Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) on Friday closed down -2.64%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -4.77%. June E-mini S&P futures (ESM26) fell -2.97%, and June E-mini Nasdaq futures (NQM26) fell -5.09%.
Stock indexes sold off sharply on Friday, with the S&P 500 and Nasdaq 100 posting 2-week lows. Investors rotated out of AI-infrastructure and semiconductor companies and sold megacap technology stocks that earlier this week pushed US stock indexes to all-time highs. Technology stocks retreated amid long liquidation and profit-taking after Broadcom’s outlook for chip sales fell short of high expectations, raising concerns that the AI trade rally has been excessive.
Stock indexes added to their losses on Friday as bond yields soared on the stronger-than-expected US May payrolls report, bolstering speculation that the Fed’s next interest rate move will be a rate hike. The 10-year T-note yiel... Read more
MoneyShow · 4 minutes ago
Sometimes the markets are complicated. Other times, they’re simple. Today, I’m going to share the one chart that explains why “everything” tanked...
Barchart · 1 hour ago
June S&P 500 E-Mini futures (ESM26) are up +0.71%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.40% this morning, signaling a rebound from Friday’s...
Barchart · Sun Jun 7, 12:00PM CDT
Markets face a pivotal week marked by a significant structural shift away from richly valued AI and technology stocks toward lagging sectors, evident in...
Barchart · Sun Jun 7, 9:00AM CDT
Credit card balances remain historically high, but the approved source package points to practical moves borrowers can try this week.
Barchart · Sat Jun 6, 8:30AM CDT
The housing market can improve on paper and still feel impossible in real life.
Barchart · Fri Jun 5, 3:36PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -2.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.35%, and the Nasdaq 100...
Barchart · 4 minutes ago
While Constellation Brands has underperformed the Dow Jones Industrial over the past year, analysts remain mildly bullish about the stock’s future growth...
Barchart · 12 minutes ago
Realty Income has trailed the broader S&P 500 Index over the past year, yet analysts are reasonably upbeat about the stock’s growth potential.
Barchart · 16 minutes ago
Digital Realty Trust has underperformed the broader real estate sector over the past year, and analysts remain moderately optimistic about the stock’s...
Barchart · 17 minutes ago
Allstate has outperformed its industry peers recently, and analysts remain moderately optimistic about the stock’s prospects.
Barchart · 19 minutes ago
Although Keurig Dr Pepper has trailed its industry peers over the past year, analysts are fairly bullish on its future outlook.
Barchart · 44 minutes ago
Marvell's booming data-center and custom-chip businesses should push MRVL stock much higher.
Barchart · 1 hour ago
Options can be used to generate extra income like in this cash secured put trade on Crocs, Inc. (CROX). But they can also be used to protect a stock holding...
Barchart · 1 hour ago
Humana has rallied the Nasdaq Composite over the past year, and analysts remain moderately bullish about the stock’s outlook.
