Definition
A futures contract that tracks the S&P 500, traded on CME (Chicago Mercantile Exchange) nearly around the clock.
The story
The stock market closes at 3:00 PM CT (Central Time), but news doesn't stop. ES keeps trading through the night, so when something happens at 2 AM, ES is where you see the S&P 500's reaction first.
Why markets watch it
It's the live read on the S&P 500 outside stock market hours.
Connects to
Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms