Saturday 28 September 2024

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.7% (Trans), +0.9% (Nasdaq comp'), +0.7% (NYSE comp'), +0.6% (SPX, Dow), to -0.2% (R2K).

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 'old leader' - Transports, lead the way up, whilst the R2K was marginally lower.

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

Looking ahead

Earnings:

M - $CCL

T - $PAYX $MKC $AYI $UNFI $NKE $LW $RGP

W - $RPM $CAG $LEVI

T - $STZ $ANGO

F - $APOG

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Econ-data/events

M - Chicago PMI

T - PMI/ISM manu', construction, JOLTS, vehicle sales

W - ADP jobs

T - Weekly jobs, PMI/ISM serv', factory orders

F - Monthly jobs

*As Monday is end month/Q3, I'd expect dynamic price action on VERY heavy vol'.

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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.