Saturday, 21 September 2024

Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +2.2% (R2K), +1.6% (Dow), +1.5% (Nasdaq comp'), +1.4% (SPX), +1.3% (NYSE comp'), to +0.2% (Transports).

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 lead the way up, whilst the Transports lagged.

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

Looking ahead

Earnings:

M - $AIR $RCAT

T - $AZO $THO $KBH $PRGS $SFIX

W - $CTAS $MU $CNXC $JEF $FUL $WS

T - $ACN $ISPR $SNX $KMX $JBL $COST $BB $MTN $SCHL $UEC

F -

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Econ-data/events

M - PMI serv' & manu'

T - Case-Shiller HPI, consumer conf'

W - New home sales, EIA Pet'

T - Q2 GDP (print'3), Weekly jobs, Durable goods orders, pending home sales. *Powell (9.20am)

F - Pers' income/outlays, PCE, intl' trade, retail & wholesale invent', consumer sent'

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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.