Saturday 18 May 2024

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.1% (Nasdaq comp'), +1.9% (R2K), +1.5% (SPX), +1.2% (Dow, NYSE comp'), to -0.6% (Trans).

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Five US equity indexes were net higher for the week, with one net lower.

The Nasdaq lead the way up, whilst the Transports was moderately lower.

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

Looking ahead

Earnings:

M - $LI $WIX $PANW $ZM $TCOM $JHX $NDSN $KEYS $TRNS $TUYA $BEEM

T - $ZIM $M $LOW $AZO $EXP $PHGE $XPEV $TOL $MOD $VSAT $URBN $ALVO $SKY $XP

W - $TGT $TJX $ADI $LPG $WOOF $WSM $NVDA $SNOW $ELF $VFC $SNPS $SBLK $RAMP $SQM $SUPV $API

T - $RL $MAXN $TD $BJ $MDT $PSNY $NTES $TITN $DECK $INTU $ROST $WDAY $SVM $SOL $STEP $AMWD $CVCO $LGFA

F - BAH $MLAB

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Econ-data/events

M -

T -

W - Existing home sales, EIA Pet' (10.30am) FOMC mins (2pm)

T - Weekly jobs, PMI serv', PMI manu', new home sales

F - Durable goods orders, consumer sent'.

*As Monday May 27th is CLOSED, I'd expect the preceding Friday to be very subdued on low vol'.

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For details and the latest offers, see: https://www.tradingsunset.com

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