Saturday, 17 February 2024

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -3.6% (Trans), -1.3% (Nasdaq comp'), -0.3% (SPX), -0.1% (Dow), +0.8% (NYSE comp'), to +1.2% (R2K).

Lets take our regular look at six of the main US indexes (weekly candle charts)

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Four US equity indexes settled net lower for the week, with two net higher.

The 'old leader' - Transports, lead the way down, with the R2K sig' higher.

The SPX, Dow, and NYSE comp' broke new hist' highs.

Looking ahead

It will be a short four day trading week, with Monday CLOSED for Washington's birthday.

Earnings:

M - *CLOSED*

T - RIG, DOOR, JELD, HSTM, BSM - - WMT, HD, AXSM, MDT, BCS, LGIH, DAN, AWI, KBR, FLR, PANW, SEDG, O, TDOC, ENVX, CZR, FANG, NEO, TOL, MED

W - VRT, MPW, ADI, WING, WIX, PLAB, GLBE, EXC, ALIT, HSBC, NVDA, RIVN, LCID, ETSY, SNPS, NOVA, BROS, APA, MRO, SU

T - MRNA, NEM, AG, NKLA, LNG, FVRR, W, PXD, ECC, BLDR, SQ, CVNA, MELI, NU, ARDX, BKNG, INTU, INDI, VALE, LYV

F - WBD, BLMN, LAMR, NWN, DSX

-

Econ-data/events

M - *CLOSED*

T - Leading indicators

W - FOMC mins (2pm)

T - Weekly jobs, PMI manu' & serv', existing home sales, EIA Pet & NG reports,

F - -

-

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Enjoy the long weekend
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*the next post on this page will likely appear 4.20pm EST on Tues' February 20th.