May 7, 2017 The Week Ahead
The stock market shows no signs of slowing down. It’s been resilient to say the very least. That said, the next obstacle comes this Sunday, with the French presidential election being the catalyst. The markets are hoping that Emmanuel Macron wins, who represents the establishment. On the other hand, if Marine Le Pen pulls off the upset, we could see an increase in market volatility on Monday. That said, the markets aren’t betting on it, on Friday, the VIX closed at 10.57.
Here are how some of the most popular ETF Indices performed: SPDR S&P 500 ETF (SPY) +0.68%, iShares Russell 2000 (IWM) -0.05%, SPDR Dow Jones Industrials Average ETF (DIA) +0.33%, and PowerShares QQQ ETF (QQQ) +1.44%
Earnings continue to flow, some of the interesting names reporting include: Disney, Snap Inc., Yelp, and Electronic Arts.
Here are how some futures/commodity related ETF’s performed: United States Oil Fund (USO) -5.66%, iShares 20+ Year Treasury Bond (TLT) -0.87%, SPDR Gold Shares (GLD) -3.11%.
Below you’ll find what is else is on the schedule:
Key Economic Data:
10 May 2017- EIA Petroleum Status Report 10:30 AM ET
11 May 2017- Jobless Claims 8:30 AM ET, PPI 8:30 AM ET
12 May 2017- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM ET
Key Earnings:
08 May 2017- JD, LBTYA, NWL, ON, ONDK, SYY, TSN, AMC, EOG, FN, HTZ, MAR, P, TSO
09 May 2017- AGN, CBOE, DF, DISCA, DUK, RESI, SEAS, TDG, VRX, BUFF, DIS, EA, FOSL, JAZZ, MCHP, NEWR, NVDA, PCLN, TRIP, TRUE, TWNK, YELP, ZAYO
10 May 2017- COTY, CROX, IPXL, MYL, SODA, TIME, VSI, WIX, FOXA, HOLX, LPSN, SNAP, WFM, SYMC
11 May 2017- KSS, OA, M, SNK, TPB, VSTO, JWN, CA, JAG
12 May 2017- GOLF, JCP
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