Stock Indices Recap - 2/8/2017 | RJO Futures

February 8, 2017 3:37PM CST

March S&P finished up 13.6 at 2302, -10 off the high and 20.5 up from the low.
March S&P E-Mini closed up 1.5 at 2290. This was 9 up from the low and 2 off the high.


Surprisingly the equity markets managed to throw off early weakness and recover into mid-session despite lingering geopolitical battles, interest in safe haven instruments and weakness in Bank shares. The market might have derived some support from a recovery in energy patch shares and perhaps because of a Bloomberg study that suggested US consumers spent their lowest on energy last year and 60 years which in turn should free up disposable income. It should be noted that this week's gains were forged on very low volume and that could suggest the uptrend is losing favor.

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