Market Action For Last Week
SPY (S&P 500 ETF)
- Closing Price on 9/20/24: $568.25
- Closing Price on 9/27/24: $571.47
- Point Gain/Loss: +$3.22
- Percent Gain/Loss: +0.57%
QQQ (Nasdaq-100 ETF)
- Closing Price on 9/20/24: $482.44
- Closing Price on 9/27/24: $486.75
- Point Gain/Loss: +$4.31
- Percent Gain/Loss: +0.89%
IWM (Russell 2000 ETF)
- Closing Price on 9/20/24: $221.57
- Closing Price on 9/27/24: $220.33
- Point Gain/Loss: -$1.24
- Percent Gain/Loss: -0.56%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, September 30, 2024
- Interest Rate (High Impact) - 17:00 ET
- Interest Rate (High Impact) - 17:55 ET
Tuesday, October 1, 2024
- ISM Manufacturing Employment (Medium Impact) - 14:00 ET
- Business Confidence (High Impact) - 14:00 ET
- Job Offers (High Impact) - 14:00 ET
Thursday, October 3, 2024
- Non Manufacturing PMI (High Impact) - 14:00 ET
Friday, October 4, 2024
- Average Hourly Earnings (Medium Impact) - 12:30 ET
- Average Hourly Earnings YoY (Medium Impact) - 12:30 ET
- Non Farm Payrolls (High Impact) - 12:30 ET
- Labor Force Participation Rate (Medium Impact) - 12:30 ET
Upcoming Major Stock Earnings Reports
Monday, September 30, 2024
- Micron Technology (MU) - Post Market
- Costco Wholesale (COST) - Post Market
Tuesday, October 1, 2024
- AutoZone (AZO) - Pre Market
- Thor Industries (THO) - Pre Market
- KB Home (KBH) - Pre Market
- Progress Software (PRGS) - Pre Market
- Stitch Fix (SFIX) - Pre Market
Wednesday, October 2, 2024
- Cintas (CTAS) - Pre Market
Thursday, October 3, 2024
- Accenture (ACN) - Pre Market
- CarMax (KMX) - Pre Market
- Jabil (JBL) - Pre Market
- TD Synnex (SNX) - Pre Market
Market Outlook for the Next 30 Days
I am bullish on the market for the next 30 days. The Federal Reserve's recent decision to cut interest rates by 0.5% has boosted market confidence, and strong economic indicators such as low jobless claims and robust retail sales suggest a resilient economy. Additionally, the S&P 500 and Dow Jones Industrial Average have set new record highs, indicating continued bullish momentum.