What does it mean when they say S&P futures are up, before the market open?
And how do we know that if the s &p futures are up before the market open then stocks should open up too
There is are a number of futures trading exchanges out there, like the CBOT, and the CME, where you can trade “futures” on things like corn, soybeans, orange juice, oil, etc. In a very abbreviated explanation, you are betting on the “future” price of a commodity.
Well, just like corn, soybeans, oil etc, there are also futures contracts on the major stock indexes, including the S&P. When you hear about the S&P futures being up (or down) they are referring to the price that the S&P futures are trading at on a futures exchange.
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