Saturday, 18 November 2023

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +5.4% (R2K), +3.5% (Trans), +2.8% (NYSE comp'), +2.4% (Nasdaq comp'), +2.2% (SPX), to +1.9% (Dow).

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 R2K lead the way up, whilst the Dow lagged. 

Weekly momentum ticked upward in all six indexes, with all indexes set to have positive weekly momentum by Nov'27th.

Looking ahead

It will be a very short 3.5 day trading week. 

Earnings:

M - ZM, A, SYM, TCOM, KEYS, BRBR, CENT

T - KSS, MDT, LOW, BBY, BIDU, ANF, BURL, DKS, AEO, ADI, NVDA, HPQ, ADSK, JWN, JACK, URBN, GES

W - DE, BZUN,

T - *CLOSED*... for Thanksgiving

F - *EARLY CLOSING 1pm ET*

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Econ-data/events

M - Leading indicators

T - Existing home sales, FOMC mins (2pm)

W - Weekly jobs, Durable goods orders, consumer sent'

T - *CLOSED* for Thanksgiving

F - PMI serv', PMI manu', *EARLY CLOSING 1pm*

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