NASDAQ 100 Futures Pause At Daily Limit
NASDAQ 100 Futures sold off sharply on the open and traded down 60 points (their daily limit), halting trading temporarily as prescribed by exchange rules. The contract has recovered somewhat since reopening twelve minutes later, but the index and is taking a breather from record levels.
Silver and gold moved higher as equities sold off. From the Multiple Days Low Volatility List, gold popped higher and moved above a recent consolidation range.
Coffee gapped down and is trading at its lowest level in ten days and natural gas is up 3.3%.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: +2/32 to 94 13/32
• December S&Ps [SPZ9>SPZ9]: -14.00 to 1413.20
• December Dow futures [DJZ9>DJZ9]: -92.0 to 11050.0
• December NASDAQ 100 futures [NDZ9>NDZ9]: -51 to 3018.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.11 to 100.73
•December Japanese yen futures [JYZ9>JYZ9]: +.0051 to .9620
•December Swiss francs [SFZ9>SFZ9]: -.0020 to .6433
•December British pounds [BPZ9>BPZ9]: +.0038 to 1.6242
Energies•January crude [CLF0>CLF0]: -.17 to 26.90
• January natural gas [NGF0>NGF0]: +.078 to 2.450
Metals•December gold [GCZ9>GCZ9]: +3.5 to 300.8
•December silver [SIZ9>SIZ9]: +6.8 to 530.0
Grains•December wheat [WZ9>WZ9]: -2 1/4 to 257
•January soybeans [SF0>SF0]: -2 1/4 to 465 3/4
Meats•February pork bellies [PBG0>PBG0]: +1.725 to 76.725
Softs and Fibers•March cocoa [CCH0>CCH0]: +16 to 882
•March coffee [KCH0>KCH0]: -3.60 to 111.0