Saturday 20 November 2021

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -2.8% (R2K),  -1.9% (NYSE comp'), -1.4% (Dow, Transports), +0.3% (SPX), to +1.2% (Nasdaq comp').

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Four US equity indexes were net lower for the week, with two net higher.

The R2K lead the way lower, whilst the Nasdaq comp' was most resilient.

The Nasdaq comp' and the NYSE comp' broke new historic highs.

Looking ahead

It will be a short 3.5 day trading week.

Earnings:

M - NIU, ZM, URBN

T - DKS, BBY, DLTR, AEO, ANR, MDT, ADI, BURL, HPQ, GPS, JWN, DELL, VMW

W - DE

T - -

F - -

-

Econ-data/events

M - Existing home sales

T - PMI manu', PMI serv'

W - Weekly jobs, Q3 GDP (print'2), Durable goods orders, Intl' trade, new home sales, consumer sent', EIA Pet' report, FOMC minutes (2pm).

T - CLOSED for Thanksgiving

F - *Early closing at 1pm EST*

-

Another day closer


Final note

For more of the same... you know where I am.


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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.