30-Day Fed Funds Aug '23 (ZQQ23)
30-Day Fed Funds Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) is down -0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.06%. September E-mini S&P futures (ESU26) are down -0.11%, and September E-mini Nasdaq futures (NQU26) are down -0.12%.
Stocks fell back from early gains on the weak US retail sales and consumer sentiment reports. The weak US economic reports reduced the odds of a September Fed rate hike to 29% from 35% but also sparked worries about a weaker US economy and weaker corporate earnings. The stock market is also concerned that the 10-year T-note yield is up +3 bp today despite the weak US economic reports as inflation worries continue.
US tech stocks saw carry-over support from an overnight rally of more than +2% in the South Korean Kospi index, with Samsung Electronics and chip-maker SK Hynix rallying by more than +15% this week. However, US chip stocks are weak today on poor momentum, with the iShares Semiconduc... Read more
Barchart · 44 minutes ago
One of the Fed’s policy hawks explains why traders shouldn’t get too excited about this week’s favorable economic data.
Barchart · Fri Aug 14, 10:29AM CDT
The S&P 500 Index ($SPX ) (SPY ) is down -0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · Fri Aug 14, 9:11AM CDT
The S&P 500 Index ($SPX ) (SPY ) is up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · Fri Aug 14, 8:57AM CDT
December Canada dollar futures present a buying opportunity on more price strength.
Barchart · Fri Aug 14, 5:35AM CDT
September S&P 500 E-Mini futures (ESU26) are up +0.10% this morning, putting the benchmark index on track to end the week at a new record high, while investors...
Barchart · Thu Aug 13, 4:57PM CDT
What Reddit stock’s addition to the S&P 500 index means for the stock and for RDDT investors.
Barchart · 7 minutes ago
Amid muted unusual options activity yesterday, TPG stood out: heavy trading in deep-in-the-money calls and collapsing open interest suggest an institutional...
Barchart · 24 minutes ago
Cotton futures are in rally back mode on Friday, with contracts 96 to 133 points higher across most months. Crude oil is trading 66 cents per barrel higher,...
Barchart · 24 minutes ago
Live cattle futures are falling lower on Friday pressured by weaker cash and the Tyson closure, as contracts are down $3.12 to $5. Cash trade has been...
Barchart · 24 minutes ago
The wheat complex is rallying across the three markets on Friday following more Black Sea news. Chicago SRW contracts are up 23 to 25 cents on Friday....
Barchart · 24 minutes ago
Lean hog futures are trading with 5 to 90 cent losses across most contracts at midday. USDA’s national base hog price was reported at $93.03 on Friday...
Barchart · 24 minutes ago
Soybeans are trading with contracts 3 to 7 cents higher at midday. The cmdtyView national average Cash Bean price was up 5 1/4 cents at $11.45 1/2. Soymeal...
Barchart · 24 minutes ago
Corn is in rally mode, taking back the Thursday losses, with contracts up 9 to 10 cents. The CmdtyView national average Cash Corn price is up 9 3/4 cents...
Barchart · 26 minutes ago
Bill Ackman's Pershing Square Holdings has taken a stake in Netflix after having previously exited the streamer in 2022. You, too, should add NFLX stock...