It was a mixed week for US equity indexes, with net weekly changes ranging from +2.3% (Nasdaq comp'), +0.8% (SPX), +0.1% (NYSE comp'), -0.3% (R2K), -0.4% (Dow), to 0.5% (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
Three US equity indexes settled net higher for the week, with three net lower.
The Nasdaq was very significantly higher, whilst the Transports was moderately lower.
Weekly price momentum is negative in the SPX and Nasdaq, the other indexes could be expected to follow into September.
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Looking ahead
Earnings:
M - NAT, BZUN, HEI
T - NIO, BBY, PDD, BIG, SJM, HPE, HPQ, BOX, AMBA, PVH
W - CRWD, CRM, OKTA, CHWY, VEEV, FIVE
T - DG, PSNY, UBS, CPB, MOMO, AVGO, LULU, DELL, VMW, NTNX, PD
F -
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Econ-data/events
M -
T - Case-Shiller HPI, JOLTS, consumer confidence
W - ADP jobs, Q2 GDP (print'2), Pending home sales, EIA Pet'
T - Weekly jobs, personal income/outlays, PCE
F - Monthly jobs, ISM manu', construction
*As Thursday is end month, I'd expect more dynamic price action on higher vol'.
**As Friday is the lead into the Labor day holiday, once the BLS jobs data is out of the way, I'd expect subdued price action on very light vol'.
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a good weekend
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