Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price (2024-12-27): $595.01
- This Friday's Closing Price (2025-01-03): $591.95
- Point Gain/Loss: -3.06
- Percent Gain/Loss: -0.51%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (2024-12-27): $522.56
- This Friday's Closing Price (2025-01-03): $518.58
- Point Gain/Loss: -3.98
- Percent Gain/Loss: -0.76%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price (2024-12-27): $222.39
- This Friday's Closing Price (2025-01-03): $224.43
- Point Gain/Loss: +2.04
- Percent Gain/Loss: +0.92%
Upcoming Major Economic Reports and Potential Market Moving Events
- Tuesday, January 7, 2025
- ISM Services PMI at 3:00 PM
- JOLTs Job Openings at 3:00 PM
- Wednesday, January 8, 2025
- FOMC Minutes at 7:00 PM
Upcoming Major Stock Earnings Reports
- Monday, January 6, 2025
- Jefferies Financial Group (JEF) - Post Market
- Bruker Corporation (BRKR) - Post Market
- Commercial Metals Company (CMC) - Pre Market
- Tuesday, January 7, 2025
- Synnex Corporation (SNX) - Post Market
- Acuity Brands (AYI) - Post Market
- MSC Industrial Direct (MSM) - Pre Market
- WD-40 Company (WDFC) - Post Market
- Wednesday, January 8, 2025
- KB Home (KBH) - Post Market
- Friday, January 10, 2025
- UnitedHealth Group (UNH) - Post Market
- Delta Air Lines (DAL) - Post Market
Market Outlook
For the next 30 days, the market sentiment remains cautiously bearish. The recent declines in major indices, coupled with economic uncertainties such as inflation concerns and rising Treasury yields, continue to weigh on investor sentiment. The upcoming economic reports, particularly the ISM Services PMI and FOMC Minutes, will be crucial in shaping market expectations. Investors should stay informed and consider risk management strategies to navigate potential volatility.