Week of November 5th Stock Market Watch
Stocks temporarily bounced back last week, as the S&P 500 and Dow Jones Industrial Average gained more than 2.4%.
Concerns about trade, politics, the global economy, and earnings are creating uncertainty in the market.
The Federal Reserve is meeting Nov 8th to announce its interest rate decision. Fears of rising rates have also hurt stocks recently.
Stocks making moves last week included Under Armour +31.8%, NXP Semiconductors +18.51%, and General Electric -17.8%.
Traders begin to speak about volatility, especially if the VIX, the market’s fear index, is trading above 20. The VIX closed below 20, despite Friday’s sell-off.
Here is how some futures and commodity related ETFs performed: United States Oil Fund (USO) -7.1%, iShares 20+ Year Treasury Bond (TLT) -2.6%. SPDR Gold Shares (GLD) -.10%
Economic Releases:
9 Nov 2018- PPI Fed 8:30 AM ET
7 Nov 2018- EIA Petroleum Status Report 10:30 AM ET
8 Nov 2018- Jobless Claims 8:30 AM ET; FOMC Meeting Announcement 2:00 PM ET
9 Nov 2018- PPI Fed 8:30 AM ET
Key Earnings:
5 Nov 2018- D, L, RACE, SEAS, SHO, CAR, BKNG, ELF, FMC, MAR, MYL
6 Nov 2018- CVS, EMR, LLY, RL, ZBRA, DATA, ETSY, GDDY, GLUU, INFN, JAZZ, TWLO, WEN, ZG
7 Nov 2018- DF, GRPN, DISH, HUM, KORS, ODP, ROK, AAOI, ADT, CSOD, CTRP, CYBR, HUBS, IAC, PRU, ROKU, QCOM, TIVO, TRIP, WYNN, ZAYO
8 Nov 2018- CAH, DT, DHI, DISCA, LNG, NICE, PRGO, WP, ATVI, CTL, DIS, HDP, HTZ, SWKS, TTD, VRTU, YELP
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