30-Day Fed Funds May '24 (ZQK24)
30-Day Fed Funds Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.70%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.60%. September E-mini S&P futures (ESU26) rose +0.69%, and September E-mini Nasdaq futures (NQU26) rose +0.59%.
Stock indices settled higher on Friday, with the S&P 500 and Nasdaq 100 posting 1-week highs. Amazon.com surged more than 15% to lead megacap technology stocks higher, which bolstered market sentiment. Amazon’s cloud unit recorded the fastest quarterly revenue growth in 5 years in Q2, reassuring investors that its projected increase in capital spending will generate sufficient returns and that the global AI buildout will be sustained.
Stocks rallied on Friday despite better-than-expected US economic news and hawkish Fed comments that pushed bond yields higher. The 10-year T-note yield jumped to a 1.5-year high of 4.75% on Friday. Also, Friday’s -9% plunge in Apple was a negative fac... Read more
Barchart · Fri Jul 31, 3:38PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.70%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.53%, and the Nasdaq 100 Index...
Barchart · Fri Jul 31, 3:00PM CDT
Many investors haven't heard of so-called floater ETFs. But they can offer a great way to stabilize your portfolio amid a rising-rate environment. Here's...
Barchart · Fri Jul 31, 11:08AM CDT
Let’s break down this week’s events in the stock, bond, and currency markets, and I’ll include my bias on price direction for each in the coming...
Barchart · Fri Jul 31, 10:31AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX )...
Barchart · Fri Jul 31, 10:15AM CDT
December Euro currency futures present a buying opportunity on more price strength.
Barchart · Fri Jul 31, 9:07AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is closed up +0.23%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX...
Barchart · 11 minutes ago
While many investors are pulling back from Tesla and SpaceX, Cathie Wood is doubling down on their long-term potential.
Barchart · 52 minutes ago
Newsmax partnered with Meta to access its archived content library, estimated at $25 billion annually.
Barchart · Sat Aug 1, 11:09AM CDT
Microsoft is betting that AI-powered security tools can help organizations fight attacks faster.
Barchart · Sat Aug 1, 10:35AM CDT
Visa's investments should meaningfully boost its top and bottom lines in the longer term.
Barchart · Sat Aug 1, 10:30AM CDT
Google's AI ambitions come with growing hidden risks. Alphabet has amassed over $150 billion in off-balance-sheet commitments as it guarantees data center...
Barchart · Sat Aug 1, 10:15AM CDT
In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.
Barchart · Sat Aug 1, 10:00AM CDT
I have a real case to make for rotating out of covered call ETFs and into a low-volatility, pure-dividend vehicle.
Barchart · Sat Aug 1, 10:00AM CDT
Qualcomm's handset business is under pressure. But experts say its expanding AI and connected-device ecosystem represent the bigger story.