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S&P 500 Health Care Jun '24 (BSM24)

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S&P 500 Health Care Futures Market News and Commentary

Stocks Under Pressure from Higher Bond Yields

The S&P 500 Index ($SPX) (SPY) today is down -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.16%.

Stock indexes today are mildly lower.  The broader market is under pressure from higher bond yields after hawkish comments from Fed Governor Bowman dampened expectations for Fed rate cuts this year.  Bond yields rose after Fed Governor Bowman said that inflation would remain inflated for some time, so it is not yet appropriate for the Fed to cut interest rates.

On the positive side, FedEx is up more than +14% after reporting better-than-expected Q4 adjusted EPS and forecasting 2025 adjusted EPS above consensus.  Also, Apple is up more than +1% after being upgraded to a buy at Rosenblatt Securities.

US May new home sales fell -11.3% m/m to a 6-month low of 619,000, weaker than expectations of 633,000.

US MBA mortgage applications rose +0.8% in the week ended June 21.  The purchase mortgage sub... Read more

Contract Specifications

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Contract
S&P 500 Health Care Sector Index
Contract Size
$100 times Index
Tick Size
0.10 points ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$100
Expiration Date
06/21/24 (expired)

Seasonal Chart

S&P 500 Health Care 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
1,423.20 +3.94%
on 05/30/24
1,488.10 -0.59%
on 05/22/24
-1.85 (-0.12%)
since 05/21/24
3-Month
1,406.60 +5.16%
on 04/18/24
1,514.80 -2.35%
on 03/28/24
-10.95 (-0.73%)
since 03/21/24
52-Week
1,267.10 +16.74%
on 10/27/23
1,514.80 -2.35%
on 03/28/24
+108.25 (+7.90%)
since 06/21/23

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Stocks Under Pressure from Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Stock indexes today are mildly...

$SPX : 5,472.21 (+0.05%)
SPY : 544.96 (+0.02%)
$DOWI : 39,148.96 (+0.09%)
DIA : 391.40 (+0.10%)
$IUXX : 19,736.57 (+0.18%)
QQQ : 480.22 (+0.18%)
ZNU24 : 110-035 (-0.44%)
FDX : 293.31 (+14.40%)
UPS : 138.08 (+2.77%)
ODFL : 177.65 (+1.60%)
JBHT : 158.35 (+1.33%)
APTV : 65.85 (-10.24%)
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Is Consolidated Edison Stock Outperforming the Dow?

Consolidated Edison has been slightly outperforming the Dow Jones recently, but analysts remain cautious about the stock’s prospects.

ED : 88.82 (-0.64%)
$DOWI : 39,148.96 (+0.09%)
$DOWI : 39,148.96 (+0.09%)
SO : 78.00 (-0.03%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1,479.25
2nd Resistance Point 1,479.25
1st Resistance Point 1,479.25
Last Price 1,479.25s
1st Support Level 1,479.25
2nd Support Level 1,479.25
3rd Support Level 1,479.25

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52-Week High 1,514.80
Last Price 1,479.25s
Fibonacci 61.8% 1,420.18
Fibonacci 50% 1,390.95
Fibonacci 38.2% 1,361.72
52-Week Low 1,267.10

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