Here's a summary of the U.S. stock market activity for the week ended on Friday, January 24, 2025:
Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price: $597.58
- This Friday's Closing Price: $607.97
- Point Gain/Loss: +10.39
- Percent Gain/Loss: +1.74%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price: $521.74
- This Friday's Closing Price: $529.63
- Point Gain/Loss: +7.89
- Percent Gain/Loss: +1.51%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price: $225.46
- This Friday's Closing Price: $228.69
- Point Gain/Loss: +3.23
- Percent Gain/Loss: +1.43%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, January 27, 2025
- German Ifo Business Climate & Current Conditions
- Tuesday, January 28, 2025
- FHFA Home Price Index (November)
- S&P Case-Shiller Home Price Index (November)
- Consumer Confidence (January)
- Durable Goods Orders (November)
- Wednesday, January 29, 2025
- U.S. Trade Deficit (December)
- Wholesale Inventories (December)
- Retail Inventories (December)
- FOMC Interest Rate Decision
- Fed Chair Jerome Powell Press Conference
- Thursday, January 30, 2025
- Gross Domestic Product (Q4 and full year 2024)
- Initial Jobless Claims (Week ending Jan. 25)
- Pending Home Sales (December)
- Friday, January 31, 2025
- Employment Cost Index (Q4)
- Personal Consumption Expenditures Price Index (December)
- Chicago Business Barometer (January)
- ECB Interest Rate Decision
Upcoming Major Stock Earnings Reports
- Wednesday, January 29, 2025
- Microsoft (Post Market)
- Meta Platforms (Post Market)
- Tesla (Post Market)
- Thursday, January 30, 2025
- Apple (Post Market)
- Visa (Post Market)
- Mastercard (Pre Market)
- Friday, January 31, 2025
- ExxonMobil (Pre Market)
- AbbVie (Post Market)
- Chevron (Pre Market)
Market Outlook
For the next 30 days, the market sentiment appears cautiously bullish. The recent gains in major indices, coupled with strong performances in key sectors like Industrials and Health Care, suggest positive momentum. However, upcoming economic reports and the Federal Reserve's interest rate decision could introduce volatility. Investors should remain attentive to these developments and adjust their strategies accordingly.