It was a mixed week for US equity indexes, with net weekly changes ranging from -0.5% (Dow), -0.2% (Nasdaq comp'), -0.1% (SPX), +0.1% (NYSE comp'), to +1.4% (Transports).
Lets take our regular look at five of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
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Summary
Three US equity indexes settled net lower, with two net higher.
The Dow was the laggard, whilst the Transports managed significant gains.
The SPX, NYSE comp', and Transports broke new historic highs.
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Looking ahead
A very busy week is ahead, with some key econ-data, an FOMC, and a truck load of earnings.
Earnings:
M - TSLA, NXPI
T - GOOGL, MSFT, AMD, PINS, SBUX, FEYE, TXN, CROX, TER, V, UPS, GE, MMM, LLY, RTX, BP, HAS, WM
W - SHOP, SPOT, TEVA, HUM, YUM, SIRI, ADP, CME, TDOC, LOGI, NOW, EBAY, MGM, FB, F, AAPL, BA, QCOM
T - AMZN, CMCSA, CAT, MRK, MCD, OSTK, DPZ, BMY, MA, MO, TMO, NIO, TWTR, X, SKWS, GILD, WDC
F - CVX, XOM, ABBV, CLX, CL, AZN
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Econ-data/events
M - Durable goods orders
T - Case-Shiller HPI, consumer con'
W - Intl' trade, EIA Pet'
*FOMC 2pm announcement. Press conf' 2.30pm. No change in policy can be expected. Remarks on inflation will be key, and the fed will likely claim any jump in prices will be a 'transient' issue.
T - Weekly jobs, GDP Q1 (print'1), pending home sales
F - Pers' income/outlays, consumer sent'.
*as Friday is end month, I would 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 5pm EST on Monday.
