Market Action For Last Week
S&P 500 ETF (SPY):
- Closing Price on 11/15/24: $585.75
- Closing Price on 11/22/24: $595.51
- Point Gain/Loss: +9.76
- Percent Gain/Loss: +1.67%
Nasdaq-100 ETF (QQQ):
- Closing Price on 11/15/24: $496.57
- Closing Price on 11/22/24: $505.79
- Point Gain/Loss: +9.22
- Percent Gain/Loss: +1.86%
Russell 2000 ETF (IWM):
- Closing Price on 11/15/24: $228.48
- Closing Price on 11/22/24: $238.77
- Point Gain/Loss: +10.29
- Percent Gain/Loss: +4.50%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, November 25, 2024:
- No major economic reports scheduled.
Tuesday, November 26, 2024:
- FOMC Minutes at 19:00
Wednesday, November 27, 2024:
- Durable Goods Orders MoM at 13:30 (Estimate: 0.1%)
- GDP Growth Rate QoQ 2nd Est at 13:30 (Estimate: 2.8%)
- Personal Income MoM at 13:30 (Estimate: 0.3%)
- Personal Spending MoM at 13:30 (Estimate: 0.4%)
- Core PCE Price Index MoM at 13:30 (Estimate: 0.3%)
- Pending Home Sales MoM at 15:00
Thursday, November 28, 2024:
- Thanksgiving Day (Markets Closed)
Friday, November 29, 2024:
- No major economic reports scheduled.
Upcoming Major Stock Earnings Reports
Monday, November 25, 2024:
- Agilent Technologies (A) - Post Market
- Zoom Video Communications (ZM) - Post Market
Tuesday, November 26, 2024:
- Analog Devices (ADI) - Before Market Open
- Dell Technologies (DELL) - After Market Close
- CrowdStrike Holdings (CRWD) - After Market Close
- Workday (WDAY) - After Market Close
- Autodesk (ADSK) - After Market Close
- HP Inc. (HPQ) - After Market Close
- NetApp (NTAP) - After Market Close
Wednesday, November 27, 2024:
- No major earnings reports scheduled.
Thursday, November 28, 2024:
- Kroger Co. (KR) - After Market Close
Friday, November 29, 2024:
- No major earnings reports scheduled.
Market Outlook
For the next 30 days, the market sentiment appears cautiously bullish. The recent upward trend in major indices, supported by strong earnings reports and improving economic indicators, suggests continued positive momentum. However, potential risks such as high valuations and geopolitical tensions could introduce volatility. The upcoming FOMC meeting and economic data releases will be crucial in shaping market dynamics.