S&P futures trading involves the buying and selling of futures contracts based on the S&P 500 Index, which tracks the performance of 500 major U.S. companies. These contracts allow traders and investors to speculate on or hedge against future movements in the index’s value. S&P futures are widely used by institutional and retail traders due to their liquidity, leverage, and 24-hour market availability. Popular contracts include the E-mini S&P 500 and Micro E-mini S&P 500, which require lower capital compared to full-size contracts. Futures trading offers opportunities to profit in both rising and falling markets, but it also carries significant risk due to leverage, making it essential for traders to use proper risk management strategies.