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

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Summary

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

The R2K lead the way higher, whilst the Transports lagged.

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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

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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.