It was a bearish week for US equity indexes, with net weekly declines ranging from -4.9% (Trans), -4.5% (R2K), -3.1% (NYSE comp'), -2.2% (Dow), -2.0% (SPX), to -1.8% (Nasdaq comp').
Lets take our regular look at six of the main US indexes (weekly candle charts)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes were net lower for the week.
The Transports lead the way down, whilst the Nasdaq comp' was most resilient.
The Nasdaq comp' broke a new hist' high.
Four indexes have negative weekly momentum, the two exceptions being the SPX and Nasdaq.
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Looking ahead
It will be a short 3.5 trading day week. I'd keep in mind many world markets will remain closed on Dec'26th.
Earnings:
M - $AVXL $LMNX
T - *EARLY CLOSING, 1pm EST*
W - *CLOSED for Christmas day*
T - -
F - -
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Econ-data/events
M - Consumer confidence
T - Durable goods orders, new home sales, *EARLY CLOSING, 1pm EST*
W - *CLOSED for Christmas day*
T - Weekly jobs
F - Intl' trade, retail/wholesale inventories
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Winter Solstice |
Final note
There are just 5.5 trading days left of the year, and I'll leave it at that.
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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.