It was a bearish week for US equity indexes, with net weekly declines, ranging from -3.3% (R2K), -3.1% (Trans), -2.6% (Nasdaq comp'), -2.4% (NYSE comp'), -2.2% (Dow), to -2.1% (SPX). Near term outlook offers a s/t bounce.
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 were net lower for the week.
The 'old leader' - Transports, lead the way down, whilst the SPX was most resilient.
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Looking ahead
Earnings:
M - ZM
T - BIDU, M, MDT, LOW, CSIQ, DKS, BJ, IQ, COTY, TOL, LZB, URBN
W - PTON, AAP, KSS, ADI, FL, WSM, BBWI, GRAB, ANF, NVDA, SNOW, SPLK, ADSK, NTAP, GES
T - DLTR, BURL, TD, WOOF, WB, NTES, MRVL, AFRM, ULTA, INTU, WDAY, GPS, JWN
F - -
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Econ-data/events
M - -
T - Existing home sales
W - PMI serv', PMI manu', new home sales, EIA Pet'
T - Weekly jobs, durable goods orders, 10am, various Fed officials - Jackson Hole
F - Consumer sentiment, 10.05am Powell - Jackson Hole.
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For details and the latest
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.
