It was a mixed week for US equity indexes, with net weekly changes ranging from -0.4% (Nasdaq comp'), -0.2% (SPX, R2K), +0.1% (Dow), +0.6% (NYSE comp'), to +0.9% (Trans). Near term outlook leans bearish.
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
–
Summary
Three US equity indexes were net lower for the week, with three net higher.
The Nasdaq was moderately lower, whilst the Transports was broadly higher.
All six indexes have negative weekly momentum.
–
Looking ahead
Earnings:
M - SFIX
T - AZO, APOG, SCS
W - GIS, FDX, KBH
T - DRI, FDS, SCHL
F -
-
Econ-data/events
M - Home builder confidence
T - Housing starts, building permits
W - EIA Pet' report.
*FOMC 2pm. Powell press conf' 2.30pm, which will last around 45mins.
T - Weekly jobs, Phil' fed manu', Intl' trade, existing home sales
F - PMI serv', PMI manu',
-
For details and the latest offers, see: https://www.tradingsunset.com
Have
a good weekend
--
*the next post on this page will likely appear 4.20pm EST on Monday.
