Saturday, 21 February 2026

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.6% (Trans), +1.5% (Nasdaq comp'), +1.1% (SPX), +0.6% (R2K), +0.5% (NYSE comp'), to +0.25% (Dow).

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 Transports lead the way up, whilst the Dow lagged. 

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Looking ahead

Earnings:

M - $WGS $DPZ $AXSM $D $SCL $CRGO $EMA $FRPT $DEA $LINC $HIMS $BWXT $KTOS $KEYS $PRIM $FANG $JBTM $OVV $OKE $OPAD

T - $HD $CIFR $DOCN $DRS $FIS $XMTR $AS $LTH $PLNT $AMC $MELI $CAVA $ZETA $NVTS $WDAY $TEM $UIS $HPQ 

W -$HUT $TJX $TRIN $PLAB $CRCL $VLN $RXRX $IONS $BXSL $BMO $NVDA $CRM $TTD $SNOW $IONQ $SNPS $ARRY $PSTG $VICI $NTNX 

T -$QBTS $CELH $VST $ACMR $EOSE $BIDU $RXT $WBD $GCT $CRWV $RKLB $MARA $INOD $DELL $OPK $SOUN $ZS $DUOL $CODI 

F - $UUUU $DIBS $EXK $GSAT $VIA $ABR $TCPC $SHO $NWN $AMRX 

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Econ-data/events

M - Factor orders

T - Case-Shiller HPI, wholesale invent', consumer conf'

W - EIA Pet'

T - Weekly jobs

F - PPI, construction, Chicago PMI 

*As Friday is end month, I'd expect more dynamic price action 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 EST on Monday.
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Friday, 20 February 2026

Tariff related swings

US equity indexes closed on a positive note, SPX +47pts (0.7%) at 6909. Nasdaq comp' +0.9%. Dow +0.5%. The Transports settled +1.8%. R2K +0.01%

SPX - daily



VIX - daily



Summary

US equities opened on a weak note, the SPX printing an early low of 6836, but swinging upward to 6915, and settling moderately higher at 6909. 

Volatility was mixed, the VIX printing an opening high of 21.21, and settling -5.6% to 19.09. 


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Thursday, 19 February 2026

A red Thursday

US equity indexes mostly closed on a weak note, SPX -19pts (-0.3%) at 6861. Nasdaq comp' -0.3%. Dow -0.5%. The Transports settled -1.6%. R2K +0.2%

SPX - daily



VIX - daily



Summary

US equities opened on a weak note, with the market rightly concerned about a looming US attack on Iran. The SPX cooled to 6833, if recovering to settle 6861. 

Volatility remained elevated, the VIX settling +3.1% at 20.23.

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