Saturday, 15 July 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.7% (R2K), +3.3% (Nasdaq comp'), +2.4% (SPX), +2.3% (Dow, NYSE comp'), to +1.7% (Trans).

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 higher, whilst the Transports lagged.

Looking ahead

Earnings:

M -

T - BAC, MS, SCHW, PNC, BK, SYF, LMT, NVS, IBKR, WAL, JBHT

W - GS, USB, ALLY, ASML, NDAQ, HAL, BKR, ELV, TSLA, NFLX, UAL, IBM, LVS, AA, STLD, DFS, KMI

T - TSM, AAL, JNJ, NOK, FCX, BX, ABT, DHI, PM, KEY, ISRG, COF, CSX

F - AXP, SLB, CMA, HBAN, AN

-

Econ-data/events

M - Empire state manu'

T - Retail sales, indust' prod', busi' invent, home builders con'

W - housing starts, EIA Pet'

T - Weekly jobs, Phil' Fed manu', existing home sales, leading indi'

F - *OPEX*

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Summer offers, see: https://www.tradingsunset.com

Have a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.