Leaning weak

US equity indexes mostly closed on a weak note, SPX -21pts (0.3%) at 7652. Nasdaq comp' -0.8%. Dow +0.3%. The Transports settled -0.6%. R2K -0.7% 

SPX – daily

VIX – daily

Summary

US equities opened on a weak note, and whilst there was numerous micro bounces... all the were sold into, settling marginally lower at 7652. 

Volatility picked up... if mostly due to the new week, the VIX settling +4.8% to 15.85 
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Skyward

Sometimes... my timing is very good

 

Full moon is Friday

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Weekend update - US equity indexes

It was a bearish week for US equity indexes, with net weekly declines ranging from -2.0% (Nasdaq comp'), -1.7% (R2K), -1.4% (SPX), -1.0% (Trans), -0.8% (Dow), to -0.4% (NYSE 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

All six US equity indexes were net lower for the week

The Nasdaq comp' lead the way down, whilst the NYSE comp' was most resilient.

The NYSE comp' broke a new hist' high. 
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Looking ahead

Earnings:

M - $XPEV $PDD $NSSC $GRRR $PICS $WDS $TUYA 

T - $DKS $BNS $SLQT $VIPS $BMO $BZ $EH $INTU $SMTC $ZM $BOX $NCNO $JOYY $HEI $ELMO $QFIN $STRT 

W - $KSS $ANF $DY $WSM $SJM $LI $PLAB $DCI $BBWI $HDL $NVDA $CRM $CRWD $OKTA $SNPS $A $VEEV $OOMA $P $NTNX 

T - $BBY $BILI $CM $DG $DLTR $DG $RY $TD $HQY $HRL $BURL $MRVL $IREN $ADSK $AFRM $ULTA $WDAY $S $RBRK $ESTC $GAP 

F - $CHA $MNSO

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Econ-data/events

M - 

T - Case-Shiller HPI, new home sales, consumer conf'

W - Q2 GDP (print'3), durable goods orders, Pers' income/spending, PCE

T - Weekly jobs, intl' trade, wholesale & retail invent', 

F - *Warsh at Jackson Hole*, Chicago PMI, 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.

Positive OPEX

US equity indexes closed broadly higher, SPX +33pts (0.4%) at 7674. Nasdaq comp' +0.4%. Dow +1.0%. The Transports settled +0.9%. R2K +0.8%

SPX – daily

VIX – daily

Summary

US equities opened moderately higher, with the SPX printing a high of 7697. The afternoon saw some cooling to settle moderately higher at 7674. 

Volatility was ground lower into the weekend, the VIX settling -5.5% to 15.13.  
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