January 16, 2017 The Week Ahead
The stock market closed the week somewhat mixed. The S&P 500 was relatively flat, while Dow Jones closed the week negative and the Nasdaq finished about 1% higher. With that said, we should volumes pick up as earnings season starts to heat up.
In addition to earnings, we’ve got the ECB rate decision on Thursday and the Inauguration of Donald Trump on Friday.
Crude oil futures closed the week down nearly 3%, having just two of five winning days. On the other hand, Gold futures prices finished the week on a five-day winning streak, gaining 2.3% on the week.
Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -2.34%, iShares 20+ Year Treasury Bond (TLT) +0.37%, SPDR Gold Shares (GLD) +2.18%.
Some key earnings for this shortened week of trading include: IBM, Netflix, Morgan Stanley, General Electric and Goldman Sachs to name a few.
Here are a list of events that traders will be watching:
Key Economic Data:
18 Jan 2017- Consumer Price Index 8:30 AM ET, Industrial Production 9:15 AM ET
19 Jan 2017- Housing Starts 8:30 AM ET, Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET, EIA Petroleum Status Report 11:00 AM ET
Key Earnings Release Dates:
17 Jan 2017- CMA, EDU, INFO, MS, OZRK, UNH, ADTN, CSX, IBKR, LLTC, UAL
18 Jan 2017- FAST, AMTD, GS, C, SCHW, USB, FNB, NFLX, SLM
19 Jan 2017- BBT, BK, CHKP, JBHT, KEY, AXP, IBM, SWKS, PBCT
20 Jan 2017- CFG, COL, GE, KSU, RF, SLB, SYF
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