October 8, 2018 The Week Ahead
Stocks closed weak for the second consecutive day, as rates and trade disputes dominate the headlines. The 10-year T-note yield reached 7-year highs on Friday. However, with earnings coming up, the economy will start to take a backseat to stocks starting on Friday.
Notable movers included GE +16.7%, Stitch Fix -39.9%, Amarin +21.7%
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) -1.00%, SPDR Dow Jones Industrial Average ETF (DIA) -0.03%, iShares Russell 2000 ETF (IWM) -3.79%
The VIX closed at 14.82 on Friday, after climbing as high as 17.36 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +1.10%, iShares 20+ Year Treasury Bond (TLT) -3.61%, SPDR Gold Shares (GLD) +0.92%
Economic Releases:
10 Oct 2018- PPI 8:30 AM ET
11 Oct 2018- CPI 8:30 AM ET; Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET
Key Earnings:
9 Oct 2018- AZZ, HELE, IDT
10 Oct 2018- FAST, VOXX
11 Oct 2018- WBA, DAL
12 Oct 2018- C, JPM, WFC, PNC
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