Saturday 13 July 2024

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +6.1% (R2K), +2.2% (NYSE comp'), +1.6% (Dow, Trans), +0.9% (SPX), to +0.25% (Nasdaq comp').

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

sp'500

Nasdaq comp'

Dow


R2K

NYSE comp'

Trans

Summary

All six US equity indexes were net higher for the week.

The R2K was very powerfully higher, whilst the Nasdaq comp' lagged.

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

Looking ahead

Earnings:

M - $GS $BLK $GNTY $FBK $$CFB $SFBS

T - $BAC $MS $SCHW $PNC $STT $UNH $PGR $ANGO $MBWM $IBKR $JBHT $AEHR $HWC $GSBC $FULT $EQBK $PNFP $OMC

W - $ASML $JNJ $ELV $ALLY $PLD $SYF $USB $FCCO $FHN $NTRS $UAL $AA $DFS $KMI $CCI $STLD $SLG $EFX $FR $LBRT

T - $TSM $NOK $CTAS $DPZ $DHI $ABT $BX $INFY $KEY $MMC $NFLX $ISRG $PPG $OCFC $AIR $MCB $SBFG $PINE $SCHL $RGP

F - $AXP $SLB $BMI $ALV $FITB $HAL $CMA $TRV $HBAN $RF

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Econ-data/events

M - Empire state manu', Powell (12pm)

T - Retail sales, Import prices, Busi' invent', Home builder conf'

W - Housing starts, building permits, indust' prod', EIA Pet', Fed beige book (2pm)

T - Weekly jobs, Phil' Fed manu', leading indi'

F - *OPEX*

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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.