US equity indexes mostly closed on a positive note, SPX +86pts (1.2%) at 7440. Nasdaq comp' +2.1%. Dow +0.6%. The Transports settled +0.4%. R2K -0.3%
SPX – daily
VIX – daily
Summary
US equities started positive, although there was a brief mini washout, if re-building gains to settle sig' higher at 7440. Volatility was ground lower, the VIX settling -4.1% to 17.65.
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| Another day |
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| Bullish trees |
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It was a mixed week for US equity indexes, with net weekly changes ranging from +1.4% (R2K), +0.9% (Trans), +0.8% (NYSE comp'), +0.6% (Dow), -1.9% (SPX), to -4.6% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Four US equity indexes were net higher for the week, with two net lower.
The R2K was sig' higher, whilst the Nasdaq was powerfully lower.
The Dow and R2K broke new historic highs.
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Looking ahead
It will a short four day trading week, with Friday CLOSED, ahead of Independence Day.
Earnings:
M - $AVAV $CNXC
T - $NKE $STZ $PRGS
W - $GIS $FDS $UNF $MSM $FC $BSET $GBX
T - $LNN
F - -
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Econ-data/events
M - -
T - Case-Shiller HPI, Chicago PMI, Consumer con', JOLTS
W - ADP jobs, PMI/ISM manu', construction
T - Monthly jobs, Weekly jobs, factory orders
F - *CLOSED*
*As Tuesday is end month/Q2/H1, I'd expect a lot of chop on high vol', with some index rebalancing.
**As Thursday is the lead into the July 4th holiday break, once the econ-data is out of the way, the market will be inclined to be very subdued on low vol'
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EST on
Monday.
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US equity indexes closed on a weak note, SPX -3pts (0.1%) at 7354. Nasdaq comp' -0.2%. Dow -0.1%. The Transports settled -0.5%. R2K -0.2%
SPX – daily
VIX – daily
Summary
Equities opened on a weak note, but all the bears could manage was 7294, and settling -0.05% to 7354
Volatility was ground lower into the weekend, the VIX settling -2.5% to 18.41.
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