Saturday 15 June 2024

Weekend update - US equity indexes

It was a very mixed week for US equity indexes, with net weekly changes ranging from +3.2% (Nasdaq comp'), +1.6% (SPX), -0.5% (Dow), -0.9% (NYSE comp', R2K), to -1.4% (Trans).

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

sp'500

Nasdaq comp'

Dow

R2K

NYSE comp'

Trans

Summary

Two indexes were net higher for the week, with four net lower.

The Nasdaq comp' was powerfully higher, whilst the Transports was very sig' lower.

The Nasdaq comp' and SPX broke new historic highs.

Looking ahead

It will be a short four day trading week, with Wednesday CLOSED for Juneteenth. 

Earnings

M - $LEN $LZB

T - $CRMT $CGNT $PDCO $KBH

W - *CLOSED*

T - $ACB $ACN $KR $DRI $JBL $WGO $CMC $GMS $SWBI $ASTL

F - $KMX $FDS
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Econ-data/events:

M - Empire state manu'

T - Retail sales, indust' prod', busi' invent'

W - *CLOSED*

T - Weekly jobs, intl' trade, housing starts, building permits, Phil' Fed manu'

F - PMI Manu' and serv', existing home sales, leading indi'. *QUAD-OPEX*

*Friday can be expected to be more dynamic on higher vol', with some index re-balancing.

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For details: 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.