April 2, 2018 The Week Ahead

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Stocks were mixed for the week, as the tech sector sold off further, while the rest of the market stabilized.

Facebook continues to remain under pressure after its data breach scandal. However, recent speculation that the government might crack down on Amazon caused the stock to sell-off by more than 6% on the week.

There is some fear that if stocks like Amazon and Facebook sell off further that it could send the market down with it. After all, these two stocks are in so many ETFs and held by many institutional funds.

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -1.64%, SPDR S&P 500 ETF (SPY) -0.20%, SPDR Dow Jones Industrial Average ETF (DIA) +0.85%, iShares Russell 2000 ETF (IWM) -0.99%

The VIX declined on the week, closing at 19.97 from last week’s 24.90.

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Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +1.08%, iShares 20+ Year Treasury Bond (TLT) +1.36%, SPDR Gold Shares (GLD) -0.15%

Economic Releases:
2 April 2018- ISM Manufacturing 10:00 AM ET

4 April 2018- EIA Petroleum Status Report 10:30 AM ET

5 April 2018- International Trade 8:30 AM ET; Jobless Claims 8:30 AM ET

6 April 2018- Employment Situation 8:30 AM ET

Key Earnings:
2 April 2018- CALM, WLB, LMB, SWCH

3 April 2018- CLDR, PLAY

4 April 2018- KMX, LEN, FC, RECN, OLLI

5 April 2018- LW, SCHN

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