October 15, 2018 The Week Ahead
The stock market sold off aggressively over week, as investors worry that higher interest rates could slow down the economy. Trade disputes with China also linger in the background. However, all that can change if earnings are strong this quarter.
Notable movers over the week included SQ -21.4%, BA -6.8%, and NIO +19.17%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -3.04%, SPDR S&P 500 ETF (SPY) -4.12%, SPDR Dow Jones Industrial Average ETF (DIA) -4.17%, iShares Russell 2000 ETF (IWM) -5.28%
The VIX climbed more than 43% over the week, closing at 21.31 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -3.63%, iShares 20+ Year Treasury Bond (TLT) +1.27%, SPDR Gold Shares (GLD) +1.26%
Economic Releases:
15 Oct 2018- Retail Sales 8:30 AM ET
16 Oct 2018- Industrial Production 9:15 AM ET; Jobless Claims 8:30 AM ET
17 Oct 2018- Housing Starts 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET; FOMC Minutes 2:00 PM
18 Oct 2018- Jobless Claims 8:30 AM ET; Philly Fed Business Survey 8:30 AM ET
19 Oct 2018- Existing Home Sales 10:00 AM ET
Key Earnings:
15 Oct 2018- BAC, SCHW, RIO
16 Oct 2018- BLAK, DPZ, GS, GWW, JNJ, NS, PGR, UNH, CREE, CSX, IBM, NFLX, UAL
17 Oct 2018- AA, ASML, ABT, BMI, KMI, MTB, USB, WPP, URI, CCI, SLG, STLD, URI
18 Oct 2018- BBT, BK, BX, DHR, DOV, ERIC, GPC, NUE, NVS, PM, POOL, PPG, SON, TRV, TXT, WBC, WBS, AXP, EBAY, ETFC, ISRG, PYPL, OZK, WERN
19 Oct 2018- CLF, HON, PG, SLB, SYF, VFC, STT, CFG
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