It was a mixed week for US equity indexes, with net weekly changes ranging from +1.7% (Nasdaq comp'), +1.2% (SPX), +0.7% (Trans), -0.1% (NYSE comp'), to -0.5% (Dow, R2K).
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
Three US equity indexes were net higher for the week, with three new lower.
The Nasdaq was sig' higher, whilst the Dow & R2K were moderately lower.
The Dow and NYSE comp' broke new historic highs.
More broadly, all six US equity indexes are trading above their respective monthly 10MA, and have positive monthly momentum.
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Looking ahead
A very busy week is ahead, with the start of Q2 earnings season, inflation data, and two doses of Warsh speaking to the US Govt'.
Earnings:
M - $AERO $FBK
T - $JPM $BAC $C $GS $WFC $FAST $ERIC $ANGO $DNBBY $AEHR $EQBK $PXED $KMTS $LOOP
W - $MS $PNC $BLK $ASML $CAG $JNJ $ELV $MTB $CTAS $UAL $JBHT $HOMB $KARO $GSBC
T - $UNH $TSM $USB $GE $ABT $STT $CFG $HOVR $IIIN $PLD $NFLX $AA $ISRG $CNS $FNB $SFNC $INDB $WSE
F - $RF $TFC $FITB $ALV $SPFI $TRV $SDVKY $VLVLY $ASAZY $SKFRY
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Econ-data/events
M - US T-budget (2pm)
T - CPI, Warsh - House Fin' committee
W - PPI, Empire state manu', Warsh - Senate Banking committee, Fed Beige book (2pm)
T - Retail sales, Weekly jobs, Phil' Fed, pending home sales
F - Housing starts, import prices, indust' prod'
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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.
