Tuesday, 26 May 2020
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Rally in U.S. Index Futures Reaches Limit-Up Band on S&P 500
Tuesday, 10 March 2020 18:36 WIB | MARKET UPDATE |S&P 500 FuturesIndeks saham berjangka A.S.

U.S. stock futures surged, with contracts on the S&P 500 reaching exchange-enforced bands that prevent further gains, after President Donald Trump said he will seek a payroll tax cut and œvery substantial relief for industries that have been hit by the coronavirus outbreak.

A day after spending most of the previous overnight session pinned to a lower boundary that barred further selling, the March S&P 500 contract reached 2,879, the so-called limit up level established each day by the Chicago Mercantile Exchange. CME rules keep it from rising more, though it could continue trading at or below it.

Source : Bloomberg

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