April 9, 2017 Market Wrap Up
Most major indices sold off a little bit over the week, however; given the political headwinds (US launching missiles against Syria) it was a rather slow week of trading. Here are how some of the most popular ETF Indices performed: SPDR S&P 500 ETF (SPY) -0.23%, iShares Russell 2000 (IWM) -1.43%, SPDR Dow Jones Industrials Average ETF (DIA) +0.02%, and PowerShares QQQ ETF (QQQ) -0.31%
The VIX did move higher on the week, closing at 12.87, a rise of 1.34 points from the previous Friday close.
ETF Performers: United States Oil Fund (USO) +3.01%, iShares 20+ Year Treasury Bond (TLT) +0.21%, SPDR Gold Shares (GLD) +0.62%.
The markets will be closed on Friday, in observance of Good Friday. However, earnings kick off on Thursday, which could bring some volatility into the markets. Companies that will be announcing on Thursday include the likes of Citigroup, JPMorgan Chase, and Wells Fargo.
Outside of that, this shortened week could be slow, with potential outliers coming from political and geopolitical headlines.
Check out the dates below for a detailed look at the weekly schedule.
Key Economic Data:
12 April 2017- EIA Petroleum Status 10:30 AM ET
13 April 2017- Jobless Claims 8:30 AM ET; PPI 8:30 AM ET
14 April 2017- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM
Key Earnings:
11 April 2017- OZRK
12 April 2017- FAST, PIR
13 April 2017- APOG, C, JPM, WFC
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