Here's a summary of the US stock market activity for the week ended on Friday, December 13, 2024:
Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price (2024-12-06): $607.81
- This Friday's Closing Price (2024-12-13): $604.21
- Point Change: -3.60
- Percent Change: -0.59%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (2024-12-06): $526.48
- This Friday's Closing Price (2024-12-13): $530.53
- Point Change: +4.05
- Percent Change: +0.77%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price (2024-12-06): $238.93
- This Friday's Closing Price (2024-12-13): $233.07
- Point Change: -5.86
- Percent Change: -2.45%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, December 16, 2024
- No major events scheduled.
- Tuesday, December 17, 2024
- Retail Sales MoM: Expected at 0.5%
- Wednesday, December 18, 2024
- Building Permits Prel
- Fed Interest Rate Decision: Expected at 4.5%
- FOMC Economic Projections
- Fed Press Conference
- Thursday, December 19, 2024
- GDP Growth Rate QoQ Final: Expected at 2.8%
- Friday, December 20, 2024
- Core PCE Price Index MoM: Expected at 0.2%
- Personal Income MoM: Expected at 0.4%
- Personal Spending MoM: Expected at 0.5%
Upcoming Major Stock Earnings Reports
- Monday, December 16, 2024
- No major earnings reports scheduled.
- Tuesday, December 17, 2024
- HEI: Post-market
- Wednesday, December 18, 2024
- MU: Post-market
- LEN: Post-market
- GIS: Pre-market
- Thursday, December 19, 2024
- ACN: Post-market
- NKE: Post-market
- CTAS: Post-market
- FDX: Post-market
- PAYX: Post-market
- Friday, December 20, 2024
- CCL: Pre-market
Market Outlook
For the next 30 days, the market sentiment appears cautiously bullish. The anticipation of a potential interest rate cut by the Federal Reserve could provide a boost to the market. However, persistent inflation concerns and geopolitical tensions remain risks that could introduce volatility. The upcoming earnings reports and economic data will be crucial in shaping market trends.