Stock Market Activity Summary (March 3 - March 8, 2024)
Overall: The market closed the week higher, driven by positive earnings reports from some major technology companies, particularly in the semiconductor sector. The S&P 500 reached a new all-time high on Friday.
- S&P 500 (SPX): Closed at 5,124 slightly off the highs of the week.
- Russell 2000 (RUT): Closed at 2,1083 slightly off the highs of the week.
Sector Performance:
- Technology: Strong performance, with companies like Tesla, Meta Platforms, and Nvidia leading the gains.
- Healthcare: Mixed performance, with some positive earnings reports providing support.
- Financials: Modest gains, with some relief from interest rate concerns.
- Energy: Downward trend continued, as oil prices remained volatile.
Major Market Moving Announcements:
- No major market-moving announcements occurred this week. The market primarily reacted to company earnings reports.
Important Note: Since this information is based on publicly available data, there might be slight discrepancies with the official closing numbers reported by exchanges.
Upcoming Market Events & Announcements (March 11 - March 16, 2024)
Economic Announcements:
- Tuesday March 12th:
- Consumer Price Index (CPI)
- Thursday March 14th:
- US Retail Sales
- Core CPI
Major Company Earnings Announcements:
- Monday, March 11th:
- Oracle (ORCL)
- Thursday, March 15th:
- Adobe (ADBE)
- ULTA (ULTA)
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult a financial professional for personalized investment guidance.