Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 3 There are now two Dow futures contract sizes available, both of which trade on the Chicago Board of Trade (CBOT) and Chicago Mercantile. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. About 200,000 E-mini Dow contracts change hands every day. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. US stock futures are trading lower as the market could be waiting for the next set of inflation numbers in August. Also, losses on NASDAQ futures can be carried back up to 3 years, and tax reporting is significantly simpler, as they qualify as Section 1256 Contracts.Most stock quote data provided by BATS. However, proceeds from index futures contracts traded in the short term are taxed 60 percent at the favorable capital gains rate, and only 40 percent as ordinary income. Stocks held longer than one year qualify for favorable capital gains tax treatment, while stocks held one year or less are taxed at ordinary income. In the United States broad-based index futures receive special tax treatment under the IRS 60/40 rule.
The result is that a trader who believed the market would rally could simply acquire Dow Futures and make a huge amount of profit as a result of the leverage factor if the market were to rise to 14,000, for instance, from the current 10,000, each Dow Futures contract would gain $20,000 in value (4,000 point rise x 5 leverage factor = $20,000). For every 1 point the Dow Jones Industrial Average fluctuates, the Dow Futures contract will increase or decrease $5. If the Dow Futures are trading at 10,000, a single futures contract would have a market value of $50,000. The multiplier for the Dow Jones is 5, essentially meaning that Dow Futures are working on 5-1 leverage. Trading Leverage ĭow Futures trade with a multiplier that inflates the value of the contract to add leverage to the trade. Commodities, currencies and global indexes also shown. Quotes ĬME Group provides live feeds for Dow Futures and these are published on various websites like, CNN Money, . Where the stock market will trade today based on Dow Jones Industrial Average, S&P 500 and Nasdaq-100 futures and implied open premarket values. Dow Futures contracts are used to hedge, or offset investment risk by commodity owners (i.e., farmers), or portfolios with undesirable risk exposure offset by the futures position. ĭow Futures contracts are commonly used for hedge or speculative financial goals. E-mini Dow futures (ticker: YM) contract's minimum tick is 1 index points = $5.00 While the performance bond requirements vary from broker to broker, the CME requires $3,550, and continuing equity of $3,200 to maintain the position.They expire quarterly (March, June, September, and December), and are traded on the CME Globex exchange nearly 24 hours a day, from Sunday afternoon to Friday afternoon. All of the Dow derived future contracts are a product of the Chicago Mercantile Exchange (CME).
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