Saturday 27 May 2023

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from +2.5% (Nasdaq comp'), +0.3% (SPX), +0.02% (R2K), -0.04% (Trans), -1.0% (Dow), to -1.6% (NYSE comp').

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Three US equity indexes were net higher for the week, with three net lower.

The Nasdaq comp' was the strongest index, whilst the NYSE comp' was the laggard.

Looking ahead

It will be a short four day trading week with Monday closed for Memorial day.

Earnings:

M - *CLOSED*

T - HPE, HPQ, BOX, AMBA

W - CPRI, CRWD, CRM, AI, OKTA, CHWY, JWN, VEEV, NTAP, PVH

T - DG, M, BILI, HRL, LE, DLTH, ZS, AVGO, LULU, CHPT, DELL, FIVE

F -

-

Econ-data/events

M - *CLOSED*

T - Case-Shiller HPI, consumer con'

W - ADP jobs, JOLTS, Fed Beige book (2pm)

T - Weekly jobs, productivity/costs, construction, EIA Pet'

F - Monthly jobs

*As Wednesday is end month, I'd expect more dynamic price action on higher vol'. 

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For details and the latest offers, see: https://www.tradingsunset.com

Enjoy the long weekend
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*the next post on this page will likely appear 4.20pm EST on Tuesday May 30th.