It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.0% (Dow), -1.4% (R2K), -1.3% (NYSE comp'), -1.2% (SPX), -0.9% (Nasdaq comp'), to +0.2% (Trans). Near term outlook threatens some cooling.
Lets take our regular look at six of the main US indexes (weekly candle charts)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Five US equity indexes were net lower for the week, with one net higher.
The Dow lead the way down, with the Transports marginally higher.
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Looking ahead
A busier week is ahead, with the latest inflation data, and it will be the start of Q2 earnings season.
Earnings:
M - WDFC
T -
W -
T - DAL, PEP, CAG, FAST
F - JPM, C, WFC, BLK, STT, UNH, ERIC
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Econ-data/events
M - Wholesale invent', consumer credit (3pm)
T - NFIB optimism
W - CPI, ,EIA Pet', Fed beige book (2pm)
T - PPI, Weekly jobs, US T-budget
F - import prices, consumer sent'.
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
