Saturday, 18 October 2025

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +4.0% (Trans), +2.4% (R2K), +2.1% (Nasdaq), +1.7% (SPX), +1.6% (Dow), to +1.5% (NYSE comp').

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

All six US equity indexes were net higher for the week.

The Transports lead the way up, whilst the NYSE comp' lagged.

The R2K broke a new historic high. 

Weekly momentum continues to weaken in most indexes, with the Transports having turned negative last week.  

Looking ahead

Another busy week is ahead, with a truckload of earnings...

Earnings:

M - $CLF $DX $STRR $HBT $SDVKY $SMMT $AGNC $CCK $STLD $ZION $WTFC $FLXS $RLI $BOKF $CADE $SFBS 

T - $KO $GE $ELV $LMT $RTX $NOC $PM $MMM $PHM $GM $NFLX $ISRG $TXN $COF $MAT $EQT $EWBC $WCN $NBHC $OMC 

W - $APH $GEV $VRT $BSX $HLT $T $TMHC $TECK $TMO $WGO $TSLA $IBM $KMI $QS $CCS $TCBI $SAP $AA $LRCX $KNX  

T - $AAL $FCX $HON $DOW $HAS $DOV $NOK $AN $TMUS $INTC $NEM $ALK $NXT $DECK $BYD $F $PINE $DOC $BY 

F - $PG $GD $BAH $GNTX $FLG $ITW $FHB $HCA $EAT $VRTS 

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Econ-data/events

*some data subject to not appearing if the US Govt' shutdown continues 

M - Leading indicators

T - -

W - EIA Pet; report

T - Weekly jobs, existing home sales

F - CPI, PMI serv' & manu', consumer sent' 

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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.

Friday, 17 October 2025

OPEX chop

US equity indexes mostly closed on a positive note, SPX +34pts (0.5%) at 6664. Nasdaq comp' +0.5%. Dow +0.5%. The Transports settled +0.1%. R2K -0.7% 

SPX - daily

VIX - daily

Summary

US equities opened a little weak, with a low of 6603, recovering to 6678, and settling moderately higher at 6664. Volatility was ground lower into the weekend, the VIX settling -17.9% to 20.78. 

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Thursday, 16 October 2025

Unstable price action

US equity indexes mostly closed broadly lower, SPX -41pts (0.6%) at 6629. Nasdaq comp' -0.5%. Dow -0.6%. The Transports settled +1.0%. R2K -2.2%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, the SPX printing 6709. The gains were shaky from the start though, with a significant swing lower to 6593, and settling at broadly lower at 6629.

Volatility picked up, the VIX printing a new cycle high of 25.43, and settling +22.6% to 25.31. 

Goodnight from London
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