It was a bullish week for US equity indexes, with net weekly gains ranging from +3.9% (Trans), +3.2% (Nasdaq comp'), +2.6% (SPX), +1.9% (NYSE comp'), +1.2% (Dow), to +0.5% (R2K).
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes settled net higher for the week.
The Transports lead the way higher, whilst the R2K lagged.
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Looking ahead
It will be a short four day trading week, with Monday CLOSED for 'Juneteenth'. The schedule is light, with the likely focus of the week being Powell.
Earnings:
M - *CLOSED*
T - FDX
W - WGO, KBH
T - ACN, DRI
F - KMX
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Econ-data/events
M - *CLOSED*
T - housing starts
W - Powell, 10am, US House
T - Powell, 10am, US Senate, weekly jobs, intl' trade, existing home sales, leading indicators, EIA Pet' & NG reports.
F - PMI serv', PMI manu'
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Summer subscription offers, see: https://www.tradingsunset.com
Enjoy the long weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EST on Tuesday June 20th.
