RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

September S&P finished down 3.2 at 2432.1, 0.4 off the high and 15.1 up from the low. September S&P E-Mini closed down 3 at 2432.25. This was 16 up from the low and 2.25 off the high.

 

Not surprisingly, the equity market remained under significant pressure today from the fallout from the developments in the prior trading session. In addition to the Fed pressure on stock prices, the markets today were also presented with a series of negative corporate news headlines. The trade saw disappointing performance from Verizon and Kroger, but the major bearish theme of the trading session today came from negative analyst views toward Alphabet and Apple.

Hightower Report