September 24, 2017 The Week Ahead
The S&P 500 & Dow Jones Industrial Averages closed the week positive. The shining star was small caps, as the Russell 2000 gained more than 1%. However, we did see weakness in some tech names, forcing the Nasdaq to close the week 1% lower.
Shares of AAPL -5%, AMZN -3.21%, FB -0.64, and TSLA -7.56% all finished lower.
Despite the sell off in some high profile tech names, the VIX is not worried. The “fear index” closed at 9.60 on Friday.
Source: TradingView
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.10%, iShares Russell 2000 (IWM) +1.33%, SPDR Dow Jones Industrials Average ETF (DIA) +0.34%, and PowerShares QQQ ETF (QQQ) -1.19%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) +0.39%, iShares 20+ Year Treasury Bond (TLT) -0.52%, SPDR Gold Shares (GLD) -1.82%.
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
25 Sep 2017- New Home Sales 8:30 AM ET; Janet Yellen Speech 11:50 AM ET
27 Sep 2017- Durable Goods Orders 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET
28 Sep 2017- GDP 8:30 AM ET; International Trade 8:30 AM ET; Jobless Claims 8:30 AM ET
29 Sep 2017- Personal Income 8:30 AM ET
Key Earnings:
25 Sep 2017- ASNA, RHT, SNX
26 Sep 2017- FDS, INFO, MU, NKE
27 Sep 2017- JBL, PIR, THO
28 Sep 2017- BBRY, CAG, MKC, RAD, CAMP, KBH, CMD
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