May 29, 2018 The Week Ahead
U.S. stocks were relatively quiet during the week. Entering the summer we can expect trading volumes to decline along with market volatility. However, the energy market has been volatile, crude oil dropped 4% on Friday.
If there is any risk in the market currently it will come from overseas. Some potential catalysts include European elections, North Korea, and trade negotiations with China.
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.35%, SPDR S&P 500 ETF (SPY) +0.30%, SPDR Dow Jones Industrial Average ETF (DIA) +0.15%, iShares Russell 2000 ETF (IWM) -0.08%
The VIX climbed slightly, closing at 13.20 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -5.20%, iShares 20+ Year Treasury Bond (TLT) +2.02%, SPDR Gold Shares (GLD) +0.65%
Economic Releases:
30 May 2018- ADP Employment Situation 8:30 AM ET; International Trade in Goods 8:30 AM
31 May 2018- Jobless Claims 8:30 AM ET; Personal Income and Outlays 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET
1 June 2018- Employment Situation 8:30 AM ET; ISM Manufacturing Index 10:00 AM ET
Key Earnings:
29 May 2018- BAH, WMS, CRM, HPQ
30 May 2018- ADI, DAKT, DKS, DSW, MOV, BOX, GES, KEYS, PVH, SMTC
31 May 2018- CIEN, CMD, AEO, CMD, DG, DLTR, EXPR, TITN, COST, GME, ULTA, VMW, WDAY
1 June 2018- ANF
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