Let me explain. The “open” value – 12,130 – was the first open for Dow futures trading AFTER futures trading closed in the US markets on Friday afternoon. So that “open” value that you’re seeing on Bloomberg was the open for Dow futures in Asia on Monday morning (or Sunday our time). (Remember, we haven’t traded Dow futures here in the U.S. since Friday, but they still trade them in the rest of the world.) The 11,601 value reflects the CURRENT trading price for Dow futures. The -505 is the expected decline in the SPOT Dow value when the market opens in the U.S. tomorrow morning. (Remember, you can’t have a SPOT index value until the index actually trades, which it will tomorrow morning.) Does that make sense?
