Saturday 14 January 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.3% (R2K), +4.8% (Nasdaq comp'), +3.5% (Trans), +2.7% (SPX) +2.4% (NYSE comp'), to +2.0% (Dow).

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

All six US equity indexes settled net higher for the week.

The R2K lead the way up, with the Dow lagging.

Looking ahead

It will be a short four day trading week, with Monday CLOSED for Martin Luther King, Jr.

Earnings:

M - CLOSED

T - MS, GS, SI, UAL, IBKR

W - SCHW, JBHT, PNC, AA, KMI, DFS, FUL

T - PG, FAST, TFC, KEY, NFLX

F - SLB, ERIC, ALLY

-

Econ-data/events

*The World Economic Forum (WEF) will be at Davos in Switzerland, Jan'16-20th. The event will garner considerable media coverage, not least via CNBC. 

>>> https://www.weforum.org/events

M - CLOSED

T - Empire state manu'

W - PPI, Retail sales, indust' prod', home builders index, busi' invent', Fed Beige book (2pm)

T - Weekly jobs, building permits, housing starts, Phil' Fed manu', EIA Pet & NG reports

F - Existing home sales, *OPEX*

-

For details : https://www.tradingsunset.com

Have a good weekend
--

*the next post on this page will likely appear 5pm EST on Tuesday, Jan'17th.