US equity indexes mostly closed on a positive note, SPX +1pt (0.02%) at 7520. Nasdaq comp' +0.1%. Dow +0.4%. The Transports settled +1.4%. R2K -0.01%
SPX – daily
VIX – daily
Summary
US equities saw a day of considerable chop, the SPX settling effectively flat at 7520.
Volatility was ground lower for the fifth day of seven, the VIX settling -4.2% to 16.29.
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| Another day |
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US equity indexes mostly closed on a positive note, SPX +45pts (0.6%) at 7519. Nasdaq comp' +1.2%. Dow -0.2%. The Transports settled +2.1%. R2K +1.8%
SPX – daily
VIX – daily
Summary
US equities began the short week on a positive note, the SPX printing a new hist' high of 7539, and settling moderately higher at 7519. Volatility picked up a little, the VIX settling +1.9% to 17.01.
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| Another day in hell |
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It was a bullish week for US equity indexes, with net weekly gains ranging from +3.1% (Trans), +2.7% (R2K), +2.1% (Dow), +1.9% (NYSE comp'), +0.9% (SPX), to +0.4% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes were net higher for the week.
The 'old leader' - Transports, lead the way up, whilst the Nasdaq lagged.
The mighty Dow broke a new hist' high.
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Looking ahead
It will be a short four day trading week, with Monday CLOSED for Memorial day
Earnings:
M - $JOYY
T - $ESLT $AZO $PONY $CRGO $SKY $CSW $VNET $ZS $SGM $BOX $API $OOMA $MOD $SVM $QFIN $APPS $BBAR
W - $DKS $BBWI $BNS $CPRI $PDD $DY $ANF $BMO $MDWD $SPMC $CRM $MRVL $SNOW $SNPS $HPQ $P $NCNO $BRZE $AMSC $NTNX
T - $BBY $PLAB $HRL $BURL $WB $XPEV $ARBE $CM $KSS $FUTU $DELL $PATH $MDB $COST $ADSK $S $OKTA $ESTC $NTAP $GAP
F - $ELMT $KNOP $FUFU
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Econ-data/events
M -*CLOSED*
T - Case-Shiller HPI, consumer conf'
W - -
T - Weekly jobs, Durable goods orders, New home sales, EIA Pet & NG reports.
F - Q1 GDP (print'2), Pers' income/spending, PCE, Intl' trade, retail & wholesale invent', Chicago PMI
*As Friday is end month, I'd expect considerable chop on higher vol'.
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Have a good weekend
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*the next post on this page will likely appear 6pm
EDT on Tues', May 26th