Market Action For Last Week
SPY (S&P 500 ETF)
- Last Friday (9/15/24) Closing Price: $562.84
- This Friday (9/22/24) Closing Price: $568.25
- Point Gain/Loss: +$5.41
- Percent Gain/Loss: +0.96%
QQQ (Nasdaq-100 ETF)
- Last Friday (9/15/24) Closing Price: $473.24
- This Friday (9/22/24) Closing Price: $482.44
- Point Gain/Loss: +$9.20
- Percent Gain/Loss: +1.94%
IWM (Russell 2000 ETF)
- Last Friday (9/15/24) Closing Price: $217.61
- This Friday (9/22/24) Closing Price: $221.57
- Point Gain/Loss: +$3.96
- Percent Gain/Loss: +1.82%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, September 25, 2024
- No major economic reports scheduled.
Tuesday, September 26, 2024
- New Home Sales: 2:00 PM ET
- New Home Sales MoM: 2:00 PM ET
Wednesday, September 27, 2024
- Durable Goods Orders: 8:30 AM ET
- GDP Growth Rate: 8:30 AM ET
- Interest Rate Announcement: 9:20 AM ET
- Pending Home Sales MoM: 2:00 PM ET
- Pending Home Sales: 2:00 PM ET
Thursday, September 28, 2024
- Core PCE Price Index MoM: 8:30 AM ET
- Personal Income: 8:30 AM ET
- Personal Spending: 8:30 AM ET
Friday, September 29, 2024
- No major economic reports scheduled.
Upcoming Major Stock Earnings Reports
Monday, September 25, 2024
- No major earnings reports scheduled.
Tuesday, September 26, 2024
- Nike (NKE): Post Market
Wednesday, September 27, 2024
- Micron Technology (MU): Post Market
Thursday, September 28, 2024
- Accenture (ACN): Pre Market
- Carnival Corporation (CCL): Pre Market
Friday, September 29, 2024
- No major earnings reports scheduled.
Market Sentiment for the Next 30 Days
Neutral: The market sentiment remains neutral for the next 30 days. Despite the 50 basis point rate cut by the Fed last week, which is generally positive news, ongoing economic uncertainties and mixed economic data contribute to a cautious outlook. The market is also experiencing volatility, and high valuations may not fully account for potential economic downturns. Therefore, a balanced approach is recommended as investors weigh the benefits of the recent rate cut against the risks of economic slowdown.