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 5,117, down slightly for the week.
- Russell 2000 (RUT): Closed at 2,039, down for 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:
- CPI numbers reported early in the week sent the markets a little lower throughout the week.
Upcoming Market Events & Announcements (March 15 - March 23, 2024)
Economic Announcements:
- This Week's Major U.S. Economic Reports & Fed Speakers
- MONDAY, MARCH 1810:00 amHome builder confidence indexFeb.4848
- TUESDAY, MARCH 198:30 amHousing startsFeb.1.45 million1.33 million8:30 amBuilding permitsFeb.1.5 million1.47 million
- WEDNESDAY, MARCH 202:00 pmFOMC interest-rate decision2:30 pmFed Chair Powell press conference
- THURSDAY, MARCH 218:30 amInitial jobless claimsMarch 15214,000209,0008:30 amPhiladelphia Fed manufacturing surveyMarch-4.05.29:45 amS&P flash U.S. services PMIMarch52.052.39:45 amS&P flash U.S. manufacturing PMIMarch51.852.210:00 amU.S. leading economic indicatorsFeb.-0.1%-0.4%10:00 amExisting home salesFeb.3.92 million4.0 million
Major Company Earnings Announcements:
- Wednesday, March 21st
- Micron (MU)
- Thursday, March 22nd:
- Fed-X (FDX)
- LuLu Lemon (LULU)
- Nike (NKE)
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult a financial professional for personalized investment guidance.