Stock Market Activity Summary (Feb 19th - 23rd, 2024):
- S&P 500 (SPX): Up 1.44% (5,088.21), reaching a new all-time high on Friday.
- Russell 2000 (RUT): Up 0.41% (2,111.20), slightly underperforming the SPX.
Sector Performance:
- Technology: Broadly positive performance, with strong gains from companies like Nvidia, Meta Platforms, and Apple.
- Healthcare: Continued positive momentum with positive earnings reports.
- Financials: Mixed performance, with some banks rising and others falling.
- Energy: Upward trend continued, driven by rising oil prices.
Major Market Moving Announcements:
- No major market-moving announcements occurred this week. The market primarily reacted to earnings reports and geopolitical tensions.
Upcoming Market Events (February 26th - March 2nd, 2024): Any report or earnings dates should be independently verified
- FOMC Minutes Release: Wednesday, February 28th. These minutes will offer insights into the Fed's recent decision and future policy outlook.
- Durable Goods Orders: Wednesday, February 28th. This report measures investment spending in durable goods and can provide clues about economic growth.
- ISM Non-Manufacturing PMI: Friday, March 3rd. This report measures activity in the services sector and can impact market sentiment.
Major Company Earnings Announcements (Next Week)
- Monday, February 26th: Domino's Pizza (DPZ), Workday (WDAY), Zoom Video Communications (ZM), Unity Software (U)
- Tuesday, February 27th: Estee Lauder (EL), Marriott International (MAR), PayPal (PYPL), Uber Technologies (UBER)
- Wednesday, February 28th: Target (TGT), Lowe's Companies (LOW),
- Thursday, March 1st: CVS Health (CVS), AutoZone (AZO), Dollar Tree (DLTR), Wynn Resorts (WYNN)