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Russell 2000 E-Mini Sep '23 (QRU23)
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Russell 2000 E-Mini Futures Market News and Commentary

Stocks Fall as Recession Odds Rise on Weak PMI Reports

What you need to know…

The S&P 500 Index ($SPX) (SPY) Friday fell by -0.77%, the Dow Jones Industrials Index ($DOWI) (DIA) fell by -0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -1.00%.

U.S. stocks were undercut by Friday’s weak U.S. and Eurozone purchasing manager index (PMI) reports, which indicated that the U.S. and Eurozone economies are struggling even as the Fed and the ECB plan further rate hikes.

Stocks Friday did not get much of a lift from lower global bond yields, which fell on the weak U.S. and Eurozone PMI reports.  The 10-year T-note yield fell by -6.2 bp, the German 10-year bund yield fell sharply by -14 bp, and the 10-year UK gilt yield fell by -5 bp.

Even before the PMI reports, investors were in a gloomy mood after Fed Chair Powell earlier this week warned that higher interest rates are likely and after the Bank of England raised rates by +50 bp.  The FOMC, at its meeting last week, left its funds rate target range unchanged at 5.00%... Read more

Contract Specifications

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Contract
E-Mini Russell 2000 Index
Contract Size
$50 times Index
Tick Size
0.10 points ($5.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$50
Margin/Maintenance
$6,820/6,200
First Notice Date
09/15/23 (84 days)
Expiration Date
09/15/23 (84 days)

Seasonal Chart

Russell 2000 E-Mini Sep '23
Average Price Chart for 5 Prior Sep Contracts

Commitment of Traders Positions as of May 2, 2023

View Chart Details
Commercials - Long / Short
442,799 (+13,967)
378,803 (+7,537)
Non-Commercials - Long / Short
68,945 (+9,207)
128,361 (+16,504)
Dealers / Intermediary - Long / Short
141,146 (+6,679)
72,227 (-1,701)
Asset / Manager - Long / Short
178,797 (+2,724)
200,282 (+5,176)
Leveraged Funds - Long / Short
117,861 (+16,138)
142,936 (+11,732)
Other Reportables - Long / Short
22,529 (-6,433)
40,308 (+4,768)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1,755.00 +4.54%
on 05/31/23
1,929.10 -4.90%
on 06/14/23
+24.70 (+1.36%)
since 05/23/23
3-Month
1,718.40 +6.76%
on 03/24/23
1,929.10 -4.90%
on 06/14/23
+88.70 (+5.08%)
since 03/23/23
52-Week
1,684.70 +8.90%
on 09/26/22
2,055.90 -10.76%
on 08/15/22
+120.90 (+7.05%)
since 06/23/22

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Most Recent Stories

More News
Stocks Fall as Recession Odds Rise on Weak PMI Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday fell by -0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -1.00%....

$SPX : 4,348.33 (-0.77%)
SPY : 433.21 (-0.76%)
$DOWI : 33,727.43 (-0.65%)
DIA : 337.16 (-0.64%)
$IUXX : 14,891.48 (-1.00%)
QQQ : 362.54 (-0.99%)
TSLA : 256.60 (-3.03%)
SBUX : 98.34 (-2.49%)
PYPL : 66.94 (-2.38%)
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Markets Brace for Fall-Out from Lagged Effect of Fed’s Rate Hikes

Fed Chair Powell, in his semi-annual testimony to Congress earlier this week, reiterated the Fed’s hawkish theme that the Fed will likely need to push rates even higher to address the inflation threat....

Stocks Fall on Economic Gloom Driven by Weak PMI Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.11%....

$SPX : 4,348.33 (-0.77%)
SPY : 433.21 (-0.76%)
$DOWI : 33,727.43 (-0.65%)
DIA : 337.16 (-0.64%)
$IUXX : 14,891.48 (-1.00%)
QQQ : 362.54 (-0.99%)
TSLA : 256.60 (-3.03%)
PYPL : 66.94 (-2.38%)
SBUX : 98.34 (-2.49%)
PDD : 69.80 (-4.24%)
JD : 34.87 (-4.70%)
KMX : 86.21 (+10.07%)
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Markets Today: Stocks Fall on Economic Gloom

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.55%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.70%. U.S. stocks are being undercut by today’s weak Eurozone...

ESU23 : 4,389.00s (-0.79%)
NQU23 : 15,058.25s (-1.03%)
TSLA : 256.60 (-3.03%)
ACN : 298.43 (-2.87%)
UAA : 7.14 (-2.86%)
SPCE : 4.34 (-18.42%)
W : 57.34 (+0.44%)
SOFI : 8.28 (-2.47%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1,895.13
2nd Resistance Point 1,881.47
1st Resistance Point 1,858.03
Last Price 1,834.60s
1st Support Level 1,820.93
2nd Support Level 1,807.27
3rd Support Level 1,783.83

See More

52-Week High 2,055.90
Fibonacci 61.8% 1,914.10
Fibonacci 50% 1,870.30
Last Price 1,834.60s
Fibonacci 38.2% 1,826.50
52-Week Low 1,684.70

See More

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