Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price (Feb 14, 2025): $609.70
- This Friday's Closing Price (Feb 21, 2025): $599.94
- Point Loss: -$9.76
- Percent Loss: -1.60%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (Feb 14, 2025): $538.15
- This Friday's Closing Price (Feb 21, 2025): $526.08
- Point Loss: -$12.07
- Percent Loss: -2.24%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price (Feb 14, 2025): $225.97
- This Friday's Closing Price (Feb 21, 2025): $217.80
- Point Loss: -$8.17
- Percent Loss: -3.62%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, February 24, 2025
- No major economic reports scheduled.
- Tuesday, February 25, 2025
- Consumer Confidence Index
- New Home Sales
- Wednesday, February 26, 2025
- Durable Goods Orders
- Pending Home Sales
- Thursday, February 27, 2025
- GDP Growth Rate (Q4)
- Initial Jobless Claims
- Friday, February 28, 2025
- Personal Income and Outlays
- Chicago PMI
Upcoming Major Stock Earnings Reports
- Monday, February 24, 2025
- Berkshire Hathaway (BRK.A) - Post Market
- Tuesday, February 25, 2025
- Intuit Inc (INTU) - Post Market
- American Tower Corp (AMT) - Before Market Open
- Wednesday, February 26, 2025
- NVIDIA Corporation (NVDA) - Post Market
- Salesforce.com Inc (CRM) - Post Market
- TJX Companies Inc (TJX) - Before Market Open
- Synopsys Inc (SNPS) - Post Market
- Thursday, February 27, 2025
- Dell Technologies Inc (DELL) - Post Market
- EOG Resources Inc (EOG) - Post Market
- Friday, February 28, 2025
- No major earnings reports scheduled.
Market Outlook
For the next 30 days, I am neutral on the market. The recent volatility and declines in major indices suggest caution, but there are opportunities in defensive sectors and undervalued stocks. Key economic indicators and Federal Reserve announcements will play a significant role in shaping market dynamics. Investors should stay informed and consider a balanced approach to manage risks and potential volatility.