Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price (10/18/24): $584.59
- This Friday's Closing Price (10/25/24): $579.01
- Point Loss: -5.58
- Percent Loss: -0.95%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (10/18/24): $494.47
- This Friday's Closing Price (10/25/24): $495.25
- Point Gain: +0.78
- Percent Gain: +0.16%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price (10/18/24): $225.65
- This Friday's Closing Price (10/25/24): $218.94
- Point Loss: -6.71
- Percent Loss: -2.97%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, October 28, 2024
- No major economic reports scheduled.
- Tuesday, October 29, 2024
- CB Consumer Confidence
- JOLTs Job Openings
- Wednesday, October 30, 2024
- GDP Growth Rate QoQ Adv
- Pending Home Sales MoM/YoY
- Thursday, October 31, 2024
- Personal Income MoM
- PCE Price Index YoY/MoM
- Personal Spending MoM
- Employment Cost Index QoQ
- Friday, November 1, 2024
- Non-Farm Payrolls
- Unemployment Rate
- ISM Manufacturing PMI
Upcoming Major Stock Earnings Reports
- Tuesday, October 29, 2024
- GOOGL (Premarket)
- V (Postmarket)
- Wednesday, October 30, 2024
- MSFT (Postmarket)
- META (Postmarket)
- LLY (Premarket)
- ABBV (Premarket)
- Thursday, October 31, 2024
- AAPL (Postmarket)
- AMZN (Postmarket)
- MA (Premarket)
- Friday, November 1, 2024
- XOM (Postmarket)
Market Outlook
For the next 30 days, I am bullish on the market. The positive outlook is supported by strong economic data, particularly consumer spending, and a favorable interest rate environment with potential rate cuts. Additionally, the ongoing positive earnings season is expected to continue, providing further support to the market's uptrend.