What is the time frame or expiration that the s &p futures is based on that you see on the tv every morning?

When they say the s %26amp; p futures are up 10 pts, for what delivery time is that for? Is it the contract selling for that day? or is it for the contract that will be expiring in the near month? another month? Can anyone explain what it means, slightly confusing since no one really explains it on tv, i think they dont even know from what i gather.|||The S%26amp;P 500 futures contract trades until 4:15pm ET. The last trade is the closing price. They start trading again at 4:30pm ET and trade all through the night until 9:15am ET. When you hear they are up 10 points, for example, they are looking at the current futures price in relation to the closing price.





They also quote the current contract unless it is within a week of expiration. The quarterly contracts are March, June, September, and December (H,M,U,Z),