Saturday, 9 March 2024

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from -1.2% (Nasdaq comp'), -0.9% (Dow), -0.7% (Trans), -0.3% (SPX), +0.5% (R2K), to +0.9% (NYSE comp').

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

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

The Nasdaq comp' lead the way down, whilst the NYSE comp' was broadly higher.

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

More broadly, all six US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum.

Looking ahead

Earnings:

M - BLDP, FTRE, ELTK, SILV, EXK, LEGN, ORCL, CASY, MTN, ASAN, VAIL, OCUL, LFMD, AVO, ASRT, CTMX, MYPS

T - KSS, ADM, ONON, WKHS, BZ, IGT, HGTY, MANU, BLDE, AAWH, CLOV, SKIN, PHUN, BIRD, NRGV, PHX, QFIN, GHLD, PRPL, HRTX

W - DLTR, ZIM, ARCO, WOOF, VFF, WSM, VRA, ADCT, SLN, GBLI, PATH, S, LEN, GWH, VRM, GRWG, EGY, FTCI, ANIK, QNRX

T - DG, DKS, FUTU, CSIQ, BBW, GIII, AUTL, WB, GOCQ, DTC, ADBE, ULTA, BLNK, PD, SMAR, RGTI, KOPN, WPM, PHR, VXRT

F - JBL, ERJ

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Econ-data/events

M - -

T - CPI, US T-budget

W - EIA Pet'

T - PPI, retail sales, weekly jobs, busi' invent'

F - Empire State Manu', indust' prod', consumer sent'

*US clocks move forward 1hr, Sunday March 10th, The UK/EU will follow March 31st 

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