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S&P 500 Materials Sep '22 (JAU22)

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S&P 500 Materials Futures Market News and Commentary

Stocks Settle Mostly Lower on Chip Stock Weakness

The S&P 500 Index ($SPX) (SPY) Friday closed down by -0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.24%.

Stocks on Friday mainly settled lower, giving back some of Thursday’s sharp gains.  Weakness in chip stocks weighed on the overall market.  Stocks were also under pressure Friday from some negative corporate news.  FedEx closed down more than -15% after reporting Q1 adjusted EPS well below the consensus and cutting its 2025 adjusted EPS forecast.  Also, Lennar closed down more than -5% after reporting weaker-than-expected Q3 net new orders.  Stocks recovered from their worst levels on dovish comments from Fed Governor Waller, who said, "Inflation is running softer than I thought."

The Dow Jones Industrials Friday recovered from early losses and posted modest gains when Intel jumped more than +3% after the Wall Street Journal reported that Qualcomm approached the company about a potent... Read more

Contract Specifications

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Contract
S&P 500 Materials Sector Index
Contract Size
$100 times Index
Tick Size
0.10 points ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$100
Expiration Date
09/16/22 (expired)

Seasonal Chart

S&P 500 Materials Sep '22
Average Price Chart for 5 Prior Sep 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
768.46 unch
on 09/16/22
858.20 -10.46%
on 08/17/22
-94.24 (-10.92%)
since 08/16/22
3-Month
741.40 +3.65%
on 07/14/22
866.10 -11.27%
on 08/16/22
-21.24 (-2.69%)
since 06/16/22
52-Week
741.40 +3.65%
on 07/14/22
960.50 -19.99%
on 12/31/21
-107.74 (-12.30%)
since 09/16/21

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 768.46
2nd Resistance Point 768.46
1st Resistance Point 768.46
Last Price 768.46s
1st Support Level 768.46
2nd Support Level 768.46
3rd Support Level 768.46

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52-Week High 960.50
Fibonacci 61.8% 876.80
Fibonacci 50% 850.95
Fibonacci 38.2% 825.10
Last Price 768.46s
52-Week Low 741.40

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