Saturday, 29 July 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains, ranging from +2.8% (Trans), +2.0% (Nasdaq comp'), +1.0% (SPX, R2K), +0.7% (Dow), to +0.5% (NYSE comp').

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 were net higher for the week.

The Transports lead the way up, whilst the NYSE comp' lagged.

Looking ahead

Earnings:

M - SOFI, ON, SYM, IMGN, RIG, FANG, CAR, ZI, RMBS, YUMC

T - NCLH, UBER, PFE, CAT, EPD, MRK, JBLU, SPWR, MO, AMD, DVN, SBUX, PINS, ELF, SEDG, PXD, LUMN, SPCE

W - CVS, HUM, GNRC, CCJ, KHC, TEVA, PYPL, SHOP, QCOM, OXY, U, HOOD, MEU, ET, ETSY, APA

T - BUD, WBD, LNG, COP, W, EXPE, MRNA, HAS, CI, REGN, AMZN, AAPL, COIN, SQ, ABNB, DKNG, NET, FTNT, PBR, WISH

F - FUBO, NKLA, FSR, ENB, D

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Econ-data/events

M -

T - PMI/ISM manu', JOLTS, construction

W - ADP jobs, EIA Pet'

T - Weekly jobs, PMI/ISM serv', factory orders

F - Monthly jobs

*as Monday is end month, I'd expect considerable chop on higher vol'.

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