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Understanding Futures Indexes

  • #1
  • First Post: Sep 9, 2011 8:05am Sep 9, 2011 8:05am
I know, this is a little off topic, my apologies. I've traded Forex for about 4 years now but have started to follow the stock market more closely for a more rounded picture of what is happening in the world.

I've got a really dumb question. I look at the premarkets each morning on CNBC and the numbers they show make no sense to me.

If you look at the attached screen shot, they quote the Dow:

Futures

Index close: 11295.81
Current Future: 11209.0
Change: -14

OK, so basic math, the difference is really -86.81. So where do these changes come from? Am I missing something here?

And this isn't just today. I've been watching for weeks and always see a difference.

Thanks!
Attached Image (click to enlarge)
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  • #2
  • Sep 18, 2011 8:45pm Sep 18, 2011 8:45pm
Quoting pokerdawg
I know, this is a little off topic, my apologies. I've traded Forex for about 4 years now but have started to follow the stock market more closely for a more rounded picture of what is happening in the world.

I've got a really dumb question. I look at the premarkets each morning on CNBC and the numbers they show make no sense to me.

If you look at the attached screen shot, they quote the Dow:

Futures

Index close: 11295.81
Current Future: 11209.0
Change: -14

OK, so basic math, the difference is really -86.81. So where do these changes come...
Im not much of a futures guy either, but maybe thats percentage.
Have I got something on my face, SOLDIER?
  • #3
  • Sep 18, 2011 11:16pm Sep 18, 2011 11:16pm
Quoting pokerdawg
I know, this is a little off topic, my apologies. I've traded Forex for about 4 years now but have started to follow the stock market more closely for a more rounded picture of what is happening in the world.

I've got a really dumb question. I look at the premarkets each morning on CNBC and the numbers they show make no sense to me.

If you look at the attached screen shot, they quote the Dow:

Futures

Index close: 11295.81
Current Future: 11209.0
Change: -14

OK, so basic math, the difference is really -86.81. So where do these...
Change does not mean differences between futures and cash.
Change is difference between price of futures at close of previous day and current price.
  • #4
  • Last Post: Jan 10, 2012 6:56pm Jan 10, 2012 6:56pm
Quoting bumapatria
I'm not much of a futures guy either, but maybe thats percentage.
not much of math guy either, you can do in your head that just 10% of either number is about 1,120 +/- so a long way from 86; why bother to even pretend to offer an answer?

It takes a lot for me to IGNORE you, but you can try.
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