It was a bullish week for most US equity indexes, with net weekly changes ranging from +2.5% (R2K), +2.3% (Nasdaq comp'), +2.2% (Dow), +1.9% (SPX), +1.3% (NYSE comp'), 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
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Summary
Five US equity indexes were net higher for the week, with one net lower.
The R2K was rather powerfully higher, whilst the Transports was sig' lower.
The SPX, Nasdaq, and Dow broke new historic highs.
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Looking ahead
An extremely busy week is ahead, multiple truck loads of earnings, a rate cut, and the first print of Q3 GDP.
Earnings:
M - $KDP $CRI $SIFY $BMRC $DEA $RVTY $BOH $ARLP $BCBP $DQ $CLS $CAR $NXPI $RMBS $WM $AMKR $BBBY $CDNS $WHR $CR
T - $SOFI $UNH $PYPL $UPS $GLW $HSBC $JBLU $DHI $RCL $W $ENPH $OKE $BE $BKNG $STX $V $EA $MTH $CAKE $CHCT
W - $VZ $BA $CVS $CAT $FI $CNC $ETSY $KHC $ADP $PSX $META $MSFT $GOOGL $CMG $CVNA $NOW $AEM $SFM $MELI $SBUX
T - $LLY $MRK $INSM $COMM $CMCSA $EPD $OWL $RBLX $BAX $AAP $AMZN $AAPL $COIN $RDDT $WDC $MSTR $RKT $RIOT $NET $ROKU
F - $XOM $CVX $ABBV $CNI $LYB $LIN $CHTR $CL $CBOE $NINE
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Econ-data/events
M - Durable goods orders
T - Case-Shiller HPI, consumer conf'
W - Intl' trade, retail & wholesale invent', pending home sales, EIA Pet'
2pm FOMC announcement. 2.30>3.15pm Press conf'
T - Q3 GDP (print'1), weekly jobs
F - Pers' income/outlays, PCE, Chicago PMI
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*UK/European clocks change 2am Sunday, Oct'26th. The US will follow Nov'2nd
**As Friday Oct'31st is end month, I'd expect considerable chop on higher vol'
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Have
a good weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EST on Monday.
