Futures Markets Surge: S&P 500, Crude Oil Rally

Futures traders on the New York Mercantile Exchange drove stock index prices up on Tuesday, with significant gains in December and January contracts. The S&P 500 future for December closed at 4,408.20, up 38.20 points, while January settled at 4,408.40, up 36.70. Open interest increased, indicating more traders are holding positions, betting on continued market strength. Crude oil futures also joined the rally, with December contract settling at $70.485, up $2.579, and January at $70.612, up $2.560. Higher volumes across the board suggest building momentum as markets look ahead.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.