Market Action For Last Week
S&P 500 ETF (SPY):
- Previous Friday (2024-12-20) Closing Price: $591.15
- Last Friday (2024-12-27) Closing Price: $595.01
- Point Change: +$3.86
- Percent Change: +0.65%
Nasdaq-100 ETF (QQQ):
- Previous Friday (2024-12-20) Closing Price: $518.66
- Last Friday (2024-12-27) Closing Price: $522.56
- Point Change: +$3.90
- Percent Change: +0.75%
Russell 2000 ETF (IWM):
- Previous Friday (2024-12-20) Closing Price: $221.92
- Last Friday (2024-12-27) Closing Price: $222.39
- Point Change: +$0.47
- Percent Change: +0.21%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, December 30, 2024:
- No major economic reports scheduled.
Tuesday, December 31, 2024:
- No major economic reports scheduled.
Wednesday, January 1, 2025:
- ISM Manufacturing PMI (High Impact) - 3:00 PM
Thursday, January 2, 2025:
- No major economic reports scheduled.
Friday, January 3, 2025:
- Non-Farm Payrolls (High Impact) - 8:30 AM
- Unemployment Rate (High Impact) - 8:30 AM
- ISM Services PMI (High Impact) - 10:00 AM
Upcoming Major Stock Earnings Reports
Monday, December 30, 2024:
- Cal-Maine Foods (CALM) - Post Market
Tuesday, December 31, 2024:
- No major earnings reports scheduled.
Wednesday, January 1, 2025:
- UniFirst Corporation (UNF) - Before Market Open
Thursday, January 2, 2025:
- Mettler-Toledo International (MTD) - Post Market
- RPM International (RPM) - Post Market
- Walgreens Boots Alliance (WBA) - Post Market
- The Simply Good Foods Company (SMPL) - Post Market
Friday, January 3, 2025:
- Constellation Brands (STZ) - Post Market
- The Greenbrier Companies (GBX) - Before Market Open
Market Outlook
For the next 30 days, the market sentiment appears cautiously bullish. The ongoing "Santa Claus rally" is expected to continue providing short-term gains, especially in the tech sector. However, potential risks such as interest rate concerns and political uncertainties could impact market stability. Investors should remain vigilant and consider these factors when making investment decisions.