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S&P 500 Info Tech Sep '24 (JBU24)

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S&P 500 Info Tech Futures Market News and Commentary

Stocks Close Higher as Megacap Tech Stocks Climb

The S&P 500 Index ($SPX) (SPY) Tuesday closed up by +0.97%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +1.55%.

Stocks Tuesday settled moderately higher, with the Nasdaq 100 posting a 1-week high.  Strength in megacap technology stocks Tuesday propelled the overall market higher. Stocks also rose on upbeat comments from New York Fed President Williams, who said the Fed is "well positioned" to pull off a soft landing for the US economy.  In addition, Tuesday’s news that the US Aug trade deficit fell to a 5-month low was a positive factor for US Q3 GDP. 

Higher T-note yields Tuesday were bearish for stocks as the 10-year T-note yield rose to a 2-1/4 month high on hawkish comments Monday evening from St. Louis Fed President Musalem, who warned of easing too quickly.  Also, a -4% fall in crude oil prices Tuesday undercut energy stocks.

Middle East tensions continue to be a negative factor for st... Read more

Contract Specifications

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Contract
S&P 500 Technology 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
09/20/24 (expired)

Seasonal Chart

S&P 500 Info Tech Sep '24
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
2,046.90 +9.36%
on 09/06/24
2,297.90 -2.58%
on 08/22/24
-29.92 (-1.32%)
since 08/20/24
3-Month
1,929.80 +16.00%
on 08/05/24
2,430.70 -7.90%
on 07/11/24
-95.82 (-4.10%)
since 06/20/24
52-Week
1,657.00 +35.10%
on 10/26/23
2,430.70 -7.90%
on 07/11/24
+509.28 (+29.45%)
since 09/20/23

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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 2,238.58
2nd Resistance Point 2,238.58
1st Resistance Point 2,238.58
Last Price 2,238.58s
1st Support Level 2,238.58
2nd Support Level 2,238.58
3rd Support Level 2,238.58

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52-Week High 2,430.70
Last Price 2,238.58s
Fibonacci 61.8% 2,135.15
Fibonacci 50% 2,043.85
Fibonacci 38.2% 1,952.55
52-Week Low 1,657.00

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