July 9, 2018 The Week Ahead
U.S. stocks closed Friday on a positive note, posting impressive gains over the shortened trading week. Some reasons for the strength are attributed to strong jobs data, and improved optimism towards the US upcoming trade policy and its stance on tariffs.
Stocks in play included: Intel +4%, Biogen +23.8%, and Acceleron Pharma +37%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +2.58%, SPDR S&P 500 ETF (SPY) +1.67%, SPDR Dow Jones Industrial Average ETF (DIA) +1.04%, iShares Russell 2000 ETF (IWM) +2.67%
The VIX declined sharply, closing 13.37 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +0.67%, iShares 20+ Year Treasury Bond (TLT) +0.50%, SPDR Gold Shares (GLD) +0.54%
Economic Releases:
11 July 2018- PPI 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
12 July 2018- Consumer Price Index 8:30 AM ET; Jobless Claims 8:30 AM ET
Key Earnings:
10 July 2018- PEP, VOXX
11 July 2018- FAST, OZRK, MSM
13 July 2018- C, JPM, WFC, FRC
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