Stock Market Watch For the Week of March 4th

As the trading month of March kicks off, stocks look to continue their impressive hot streak. It has been reported that this is the best two-month start for the Dow since 2010. While the S&P 500 hasn’t seen a start like this since 1991.

The FOMC’s Powell has helped ease market concerns for further rate hikes this year, which many believe was the catalyst that pushed stocks higher in January. Furthermore, the market is optimistic that a trade resolution between the U.S. and China will happen soon.

It’s another busy week for earnings, this week we’ll be receiving more Q4 results from retailers like Costco, Target, and Urban Outfitters.

However, traders don’t seem bothered with earnings. For example, volatility has gotten crushed since December 24, when the VIX traded above 36. The VIX is currently trading at around 13.54.

Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) +0.46%, iShares Russell 2000 ETF (IWM) +0.06%, SPDR Dow Jones Industrial Average ETF (DIA) +0.10%, Invesco QQQ Trust (QQQ) +0.87%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -2.43%, iShares 20+ Year Treasury Bond (TLT) -2.39%, SPDR Gold Shares (GLD) -2.88%

Economic Releases:
5 Mar 2019- New Home Sales 10:00 AM ET

6 Mar 2019- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

7 Mar 2019- Jobless Claims 8:30 AM ET

8 Mar 2019- Employment Situation 8:30 AM ET; Housing Starts 8:30 AM ET

Key Earnings:
4 Mar 2019- CRM, LEAF, SD

5 Mar 2019- EGLE, HRZN, UNFI, URBN, VSLR, TGT, KSS, CIEN, AFI

6 Mar 2019- ANF, FVE, MEET, WHF, ABM, AEO

7 Mar 2019- HOV, GNC, KR, COST, TTOO

8 Mar 2019- NAV, MTN

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