Market Action For Last Week
- S&P 500 ETF (SPY)
- Closing Price on 11/08/24: $598.19
- Closing Price on 11/15/24: $585.75
- Point Loss: -12.44
- Percent Loss: -2.08%
- Nasdaq-100 ETF (QQQ)
- Closing Price on 11/08/24: $514.14
- Closing Price on 11/15/24: $496.57
- Point Loss: -17.57
- Percent Loss: -3.42%
- Russell 2000 ETF (IWM)
- Closing Price on 11/08/24: $238.12
- Closing Price on 11/15/24: $228.48
- Point Loss: -9.64
- Percent Loss: -4.05%
Upcoming Major Economic Reports and Potential Market Moving Events
- November 19, 2024 (Tuesday)
- Building Permits Prel: High impact expected
- November 21, 2024 (Thursday)
- Existing Home Sales: Medium impact expected
- Existing Home Sales MoM: Medium impact expected
- November 26, 2024 (Tuesday)
- FOMC Minutes: High impact expected
- November 27, 2024 (Wednesday)
- Personal Spending MoM: High impact expected
- Personal Income MoM: High impact expected
- GDP Growth Rate QoQ 2nd Est: High impact expected
- Core PCE Price Index MoM: High impact expected
- Durable Goods Orders MoM: High impact expected
- Pending Home Sales MoM: Medium impact expected
Upcoming Major Stock Earnings Reports
- November 19, 2024 (Tuesday)
- Walmart (WMT): Before Market Open
- Lowe's (LOW): Before Market Open
- Medtronic (MDT): Before Market Open
- November 20, 2024 (Wednesday)
- NVIDIA (NVDA): After Market Close
- TJX Companies (TJX): Before Market Open
- Palo Alto Networks (PANW): After Market Close
- Target (TGT): Before Market Open
- November 21, 2024 (Thursday)
- Intuit (INTU): After Market Close
- Deere & Company (DE): Before Market Open
- Copart (CPRT): After Market Close
Market Outlook
For the next 30 days, the market sentiment appears cautiously bearish. The recent downturn in major indices, coupled with the Federal Reserve's stance on interest rates, suggests continued volatility. Economic indicators and earnings reports in the coming weeks will be crucial in shaping market expectations. Investors should remain vigilant and consider defensive strategies amid potential market fluctuations.