30-Day Fed Funds Jun '22 (ZQM22)
30-Day Fed Funds Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) today is up +0.60%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.52%. September E-mini S&P futures (ESU26) are up +0.63%, and September E-mini Nasdaq futures (NQU26) are up +1.56%.Â
Stock indexes are moving higher today, led by strength in chipmakers and AI infrastructure stocks. Stocks also found support on today’s US economic news, which showed service sector activity continued to expand in June, albeit at a slower pace, as companies boosted payrolls amid easing cost pressures.
The US Jun ISM services index fell -0.5 to 54.0, right on expectations. The Jun ISM services price-paid sub-index eased to 67.7 from 71.3 in May, stronger than the 67.5 expected. The Jun ISM services employment sub-index rose +3.3 to 51.2, stronger than expectations of 48.2.
Stocks and bonds also have carryover support from last Thursday’s smaller-than-expected increase in US nonfarm payrolls... Read more
Barchart · Mon Jul 6, 10:27AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX )...
Barchart · Mon Jul 6, 9:39AM CDT
September Australian dollar futures present a selling opportunity on more price weakness.
Barchart · Mon Jul 6, 9:08AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX )...
Barchart · Mon Jul 6, 8:00AM CDT
Crude oil has fallen back into the $60-$70 range, inflation fears are fading, and traders are pricing in a less restrictive Fed. Could Treasury yields...
Barchart · Mon Jul 6, 5:28AM CDT
September S&P 500 E-Mini futures (ESU26) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.10% this morning, pointing to a higher...
WealthUp · Sun Jul 5, 6:30PM CDT
If you're worried about money, you're hardly alone, and you're hardly without options. Here are some ways you can reduce some of that emotional and psychological...
Barchart · 6 minutes ago
Terawulf shares rally on a $19 billion multi-year deal with Anthropic. Wall Street continues to see significant further upside in WULF shares.
Barchart · 21 minutes ago
Jefferies highlights Microsoft as a clear standout in the strong cloud spending environment.
Barchart · 30 minutes ago
The dollar index (DXY00 ) on Monday fell by -0.01%. The dollar erased early gains on Monday and posted modest losses on negative carryover from last Friday’s...
Barchart · 36 minutes ago
Microsoft stock sinks as the giant announces significant layoffs, primarily affecting its Xbox division. Here’s what the job cuts mean for MSFT shares....
Barchart · 44 minutes ago
AI companies like Google are trying to reduce reliance on AI hardware companies as their huge margins are taking a bite out of hyperscalers' bottom lines....
Barchart · 51 minutes ago
August WTI crude oil (CLQ26 ) on Monday closed down -0.14 (-0.20%), and August RBOB gasoline (RBQ26 ) closed up +0.0860 (+2.95%). Crude oil and gasoline...
Barchart · 52 minutes ago
August Nymex natural gas (NGQ26 ) on Monday closed up +0.049 (+1.53%). Nat-gas prices settled higher on Monday amid speculation that the recent heatwave...
Barchart · 58 minutes ago
Meta Platforms just rolled out Pocket, a new AI-driven gaming platform.