It was a bullish week for US equity indexes, with net weekly gains ranging from +2.6% (R2K), +1.2% (Nasdaq comp'), +1.0% (NYSE comp'), +0.75% (SPX), +0.3% (Trans), to +0.2% (Dow).
Lets take our regular look at six of the main US indexes (weekly candles)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes saw net weekly gains.
The R2K was very significantly higher, whilst the Dow saw a minor gain.
The Dow broke a new historic high.
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Looking ahead
It will be a short four day trading week, with Monday CLOSED for Christmas Day. I'd keep in mind, many markets (especially European) will remain shut on Tuesday.
Earnings: none.
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Econ-data/events
M - *CLOSED*
T - Case-Shiller HPI, consumer conf'
W - -
T - Weekly jobs, intl' trade, retail invent', wholesale invent', pending home sales
F - Chicago Busi' barometer
*With Friday being the last trading day of the year, I'd expect considerable chop on rather high vol'.
Further, with the following Monday (Jan'1st 2024) being CLOSED, Friday will be inclined to be subdued, as many take a four day holiday.
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Christmas subscription offers >> https://www.tradingsunset.com
Have
a good weekend
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*the next scheduled post on this page will likely appear 4.20pm EST on Tuesday, Dec'26th
