May 8, 2016 The Week Ahead
The S&P 500 finished lower for the second straight week, as a majority of the key earnings are now behind us. The NASDAQ has been down 11 out of the last 13 sessions, as many of the tech and biotech names have been under pressure.
Although the market was down, the VIX actually dropped below the 15 level.
Crude oil futures prices were also relatively weak, dropping about 3% and closing below $45 per barrel. Right now, crude oil is about 3% off from the 6-month highs.
Gold futures have been on an absolute tear lately, they’re just 1.2% off the 12-month highs.
With some of the earnings winding down, there are a number of conferences to look out for. Check out the schedule below.
Key Economic Data:
11 May 2016– EIA Petroleum Status Report 10:30 AM ET
12 May 2016– Jobless Claims 8:30 AM ET
13 May 2016– Retail Sales 8:30 AM ET, PPR-FD 8:30 AM ET
Key Earnings:
9 May 2016– BID, JD, TEVA, TSN, DNB, HTZ, INVN, JAZZ, RAX, SCTY, PRA
10 May 2016– DF, SODA, WWE, DIS, EA, JIVE, NUAN, RICK
11 May 2016– M, WEN, CA, JACK, NTES
12 May 2016– AER, KSS, MTW, PRGO, RL, JWN, NVDA, SHAK
13 May 2016– JCP
Key Events:
9 May 2016– Morgan Stanley E&P and Oil Service Conference (runs till 5/11)
10 May 2016– Citigroup Energy & Utilities Conference (runs till 5/11), Oppenheimer Industrials Growth Conference (runs till 5/11), SunTrust Internet & Digital Media Conference (runs till 5/11), Wells Fargo Industrials & Construction Conference (runs till 5/11), Bank America Global Metals, Mining & Steel Conference (runs till 5/12), Bank America Healthcare Conference (runs till 5/12)
11 May 2016– Jefferies Technology Conference (runs till 5/12)