Market Action For Last Week
SPY (S&P 500 ETF):
- Last Friday (Jan 3, 2025): $591.95
- This Friday (Jan 10, 2025): $580.49
- Point Change: -11.46
- Percent Change: -1.94%
QQQ (Nasdaq-100 ETF):
- Last Friday (Jan 3, 2025): $518.58
- This Friday (Jan 10, 2025): $507.19
- Point Change: -11.39
- Percent Change: -2.20%
IWM (Russell 2000 ETF):
- Last Friday (Jan 3, 2025): $224.43
- This Friday (Jan 10, 2025): $216.83
- Point Change: -7.60
- Percent Change: -3.39%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, January 13, 2025:
- No major events scheduled.
Tuesday, January 14, 2025:
- PPI MoM: Estimate 0.3%, Previous 0.4%
Wednesday, January 15, 2025:
- Core Inflation Rate MoM: Estimate 0.2%, Previous 0.3%
- Core Inflation Rate YoY: Estimate 3.3%, Previous 3.3%
- Inflation Rate MoM: Estimate 0.3%, Previous 0.3%
- Inflation Rate YoY: Estimate 2.8%, Previous 2.7%
Thursday, January 16, 2025:
- Retail Sales MoM: Estimate 0.5%, Previous 0.7%
Friday, January 17, 2025:
- Building Permits Prel: Estimate 1.46M, Previous 1.493M
- Housing Starts: Estimate 1.31M, Previous 1.289M
Upcoming Major Stock Earnings Reports
Monday, January 13, 2025:
- No major earnings reports scheduled.
Tuesday, January 14, 2025:
- Interactive Brokers (IBKR): Post-market
Wednesday, January 15, 2025:
- JPMorgan Chase (JPM): Post-market
- Wells Fargo (WFC): Post-market
- Charles Schwab (SCHW): Pre-market
- Citigroup (C): Post-market
- Prologis (PLD): Post-market
Thursday, January 16, 2025:
- Bank of America (BAC): Post-market
- Morgan Stanley (MS): Pre-market
- Goldman Sachs (GS): Post-market
- PNC Financial Services (PNC): Post-market
Friday, January 17, 2025:
- No major earnings reports scheduled.
Market Outlook
For the next 30 days, the market sentiment appears cautiously bearish. The recent declines in major ETFs like SPY, QQQ, and IWM indicate some market weakness. Upcoming economic reports, especially those related to inflation, could further influence market dynamics. Investors should be attentive to these reports and any potential Federal Reserve announcements that might impact interest rates.