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S&P 500 Utilities Dec '19 (JEZ19)

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S&P 500 Utilities Futures Market News and Commentary

Stocks Shake off Mostly Negative News to Close Mildly Higher

The S&P 500 Index ($SPX) (SPY) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.26%. 

US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results.  Q1 earnings are expected to climb +6.5% y/y, well above the pre-earnings season estimate of +3.8%.  According to data compiled by Bloomberg Intelligence, about 81% of reporting S&P 500 companies have beaten Q1 earnings estimates. 

Stocks were undercut Friday by higher T-note yields and a disappointing consumer sentiment report that showed both weaker consumer sentiment and higher inflation expectations. 

The University of Michigan’s preliminary-May US consumer sentiment index fell -9.8 points to a 6-month low of 67.4, which was weaker than market expectations for a -1.0 point decline to 76.2.

Also, US consumers’ inflation expectations rose.  The University of Michigan’s May US 1-year inflation expectatio... Read more

Contract Specifications

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Contract
S&P 500 Utilities 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
12/20/19 (expired)

Seasonal Chart

S&P 500 Utilities 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
628.70 +3.84%
on 12/02/19
652.85 unch
on 12/20/19
+16.75 (+2.63%)
since 11/20/19
3-Month
617.10 +5.79%
on 11/11/19
657.30 -0.68%
on 09/26/19
+7.95 (+1.23%)
since 09/20/19
52-Week
515.50 +26.64%
on 12/24/18
657.30 -0.68%
on 09/26/19
+111.75 (+20.65%)
since 12/20/18

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 652.85
1st Resistance Point 652.85
Last Price 652.85s
1st Support Level 652.85
2nd Support Level 652.85
3rd Support Level N/A

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52-Week High 657.30
Last Price 652.85s
Fibonacci 61.8% 603.13
Fibonacci 50% 586.40
Fibonacci 38.2% 569.67
52-Week Low 515.50

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