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S&P 500 Comm Srvs Jun '24 (BBM24)

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S&P 500 Comm Srvs Futures Market News and Commentary

Stocks Settle Mixed as French Political Risks Spark Risk-Off Sentiment

The S&P 500 Index ($SPX) (SPY) Friday closed down -0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.

Stock indexes Friday settled mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials falling to a 1-1/2 week low. The broader market was under pressure Friday on negative carryover from a slump in European equity markets.  The Euro Stoxx 50 tumbled to a 3-1/2 month low Friday as growing concerns about political turmoil in France have prompted risk-off sentiment in asset markets.  European markets are increasingly anxious about European politics after French President Macron announced a snap legislative election following his party’s drubbing in European Parliament elections last Sunday. The broader market remained lower after the University of Michigan US June consumer sentiment index unexpectedly fell to a 7-month low.

On the positive side for stocks was Friday’s... Read more

Contract Specifications

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Contract
S&P 500 Communications Services Sector Index
Contract Size
$250 times Index
Tick Size
0.05 points ($12.50 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$250
Expiration Date
06/21/24 (6 days)

Seasonal Chart

S&P 500 Comm Srvs Jun '24
Average Price Chart for 5 Prior Jun 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
427.60 +2.86%
on 05/23/24
447.75 -1.76%
on 06/06/24
+8.95 (+2.08%)
since 05/14/24
3-Month
403.10 +9.12%
on 04/25/24
447.75 -1.76%
on 06/06/24
+15.95 (+3.76%)
since 03/14/24
52-Week
335.85 +30.97%
on 10/27/23
447.75 -1.76%
on 06/06/24
+93.50 (+27.00%)
since 06/14/23

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Average Signal Strength.

Key Turning Points

3rd Resistance Point 443.98
2nd Resistance Point 441.92
1st Resistance Point 440.88
Last Price 439.85s
1st Support Level 437.78
2nd Support Level 435.72
3rd Support Level 434.68

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52-Week High 447.75
Last Price 439.85s
Fibonacci 61.8% 405.00
Fibonacci 50% 391.80
Fibonacci 38.2% 378.60
52-Week Low 335.85

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