Dow Futures Go Bungee Jumping
Marc Dupee will be out of the
office until April 9. In his absence this column is being written by
TradersWire’s Duke Heberlein.
Dow futures
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appearance on the Implosion-5
List, and set the tone for the equity markets, losing over 500 points at the
low before managing to gain nearly two-thirds of the contract’s earlier losses
to close down 118 at 9440.The S&P futures
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list, finished 8 points lower at 1124 while the Nasdaq 100 futures
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green, up 96.15 at 1701.19 heading into Globex.
The weakness in the Dow and S&P contracts carried the
Treasuries higher, with the T-bonds
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and the 10-year notes
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to matter to Treasuries until the stock market quits bleeding," said a
Chicago broker quoted by Bridge News. "We will continue to see
flight-to-safety propping up the short-end, and dragging bonds along for the
ride."
Dollar index futures
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List, made a rally out of a pullback from high, giving an indication that
the U.S. is still the destination of choice of international investors. DXM1,
which ended the session up 0.82 at 116.48, hit new highs against the Japanese
yen
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gain of .0007 to close at .6353.
Natural gas
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Gas Association storage withdrawal figures, up .174 at 5.262. Unleaded
gasoline
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.0062. April crude oil
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oil
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May wheat
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respectively. Soybeans
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three-day shipping ban by the Dutch to attempt to control the spread of
foot-and-mouth disease. Soymeal
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1.70 to 149.20 and soybean oil
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May pork bellies
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double top, ending up 2.100 at 91.475. April lean hogs
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a rally in mid-session amid reports that the USDA quarterly survey could show
lower hog numbers that were previously expected, finishing up .225 at 64.15.
April live cattle
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value of their contract prices.
Finally in the soft commodities, Cocoa
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staged a massive rally on an expansion of range, closing up 67 to end the day at
1024. Coffee
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at 8.46. Orange juice
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out a pullback from contract lows, up .65 at 76.20 and May cotton
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the door on U.S. trading down 1.43 at 47.14.