It was a mixed week for US equity indexes, with net weekly changes ranging from -1.0% (Dow), -0.9% (NYSE comp'), -0.6% (R2K), -0.3% (SPX), -0.1% (NYSE comp'), to +1.0% (Trans).
Lets take our regular look at six of the main US indexes (monthly candle charts)
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Five US equity indexes were net lower for the week, with one net higher.
The Dow lead the way down, whilst the Transports was sig' higher.
The SPX and Nasdaq comp' broke new historic highs.
More broadly, all six US equity indexes are trading above their respective monthly 10MA.
The SPX, Nasdaq comp', and NYSE comp' have positive monthly momentum.
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Looking ahead
It will be the start of Q2 earnings season, starting with JPM
Earnings:
M - $FAST $SLP $EQBK $FKB
T - $JPM $C $BLK $WFC $STT $BK $ANGO $ACI $ERIC $JBHT $HWC $OMC $FULT $PNFP $KMTS $WAFD
W - $BAC $GS $MS $PNC $ASML $PGR $JNJ $PLD $MTD $DVKY $UAL $AA $KMI $SLG $SNV $TFIN $FR $HOMB $GSBC $REXR
T - TSM $PEP $CTAS $USB $TCBI $ABT $TRV $WBS $FITB $NVS $NFLX $IBKR $MRTN $OZK $FNB $FNC $WAL $WIT $MCB $CNC
F - $AXP $SCHW $ALLY $MMM $SLB $HBAN $RF $CMA $ALV
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Econ-data/events
M -
T - CPI, Empire state manu', indust' prod
W - PPI, EIA Pet', Fed Beige book (2pm)
T - Weekly jobs, retail sales, import prices, Phil' Fed manu', Busi' invent', home builder conf'
F - Housing starts, building permits, consumer sent' *OPEX*
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
