June 18, 2018 The Week Ahead
U.S. stocks were mixed over the week after the Federal Reserve Bank announced an interest rate hike. Also capturing headlines were the Trump tariff announcement on China. Traders will be watching the situation and whether or not it escalates any further.
Stocks in play included: Restoration Hardware +42%, Canada Goose Holdings +41%, Pivotal Software +39%, Carbon Black +32.8%, and Huya Inc. 32.4%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.46%, SPDR S&P 500 ETF (SPY) -0.38%, SPDR Dow Jones Industrial Average ETF (DIA) -1.00%, iShares Russell 2000 ETF (IWM) +0.77%
The VIX closed lower on Friday, finishing it at 11.98.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +0.77%, iShares 20+ Year Treasury Bond (TLT) +0.71%, SPDR Gold Shares (GLD) -1.36%
Economic Releases:
19 June 2018- Housing Starts 8:30 AM ET
20 June 2018- Existing Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 AM ET
21 June 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Outlook Survey 8:30 AM ET
22 June 2018- PMI Composite Flash 9:45 AM ET
Key Earnings:
19 June 2018- EQH, FDX, LZB, ORCL
20 June 2018- MU, AOBC, SCS, BNED
21 June 2018- CMC, DRI, KR, MEI, PDCO, RHT
22 June 2018- KMX
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