Saturday, 12 August 2023

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes, ranging from -1.9% (Nasdaq comp'), -1.6% (R2K), -0.7% (Trans), -0.3% (SPX), +0.4% (NYSE comp'), to +0.6% (Dow).

Lets take our regular look at six of the main US indexes (monthly candle charts).

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Four US equity indexes were net lower for the week, with two net higher.

The Nasdaq lead the way down, whilst the Dow was moderately higher. 

More broadly, all six US equity indexes are above the respective monthly 10MA, with positive monthly momentum. 

Looking ahead

Earnings:

M - GP, HUT, JKS, ERJ, MNDY, LICY, SU, UGRO, NVTS, RUM, GETY, ASTS

T - HD, SE, ONON, CAH, PSFE, TME, NU, A, COHR, HRB, CAVA

W - TGT, ZIM, JD, TJX, TCEHY, EAT, PFGC, CSCO, SNPS, SQM, AVT

T - WMT, DOLE, BILI, TPR, LITE, GAMB, AMAT, BILL, FTCH, ROST, KEYS

F - DE, XPEV, EL, VIPS, CINT, PANW (due in AH)

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Econ-data/events

M -

T - Retail sales, import/export prices, empire state manu', busi' invent

W - housing starts, building permits, indust' prod', EIA Pet', FOMC mins (2pm)

T - Weekly jobs, Phil' Fed manu', leading indicators.

F - *OPEX*

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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.