Weekend Update & Market Outlook 3_10_24

Weekend Update & Market Outlook 3_10_24

March 10, 2024

Stock Market Activity Summary (March 3 - March 8, 2024)

Overall: The market closed the week higher, driven by positive earnings reports from some major technology companies, particularly in the semiconductor sector. The S&P 500 reached a new all-time high on Friday.

  • S&P 500 (SPX): Closed at 5,124 slightly off the highs of the week.
  • Russell 2000 (RUT): Closed at 2,1083 slightly off the highs of the week.

Sector Performance:

  • Technology: Strong performance, with companies like Tesla, Meta Platforms, and Nvidia leading the gains.
  • Healthcare: Mixed performance, with some positive earnings reports providing support.
  • Financials: Modest gains, with some relief from interest rate concerns.
  • Energy: Downward trend continued, as oil prices remained volatile.

Major Market Moving Announcements:

  • No major market-moving announcements occurred this week. The market primarily reacted to company earnings reports.

Important Note: Since this information is based on publicly available data, there might be slight discrepancies with the official closing numbers reported by exchanges.

Upcoming Market Events & Announcements (March 11 - March 16, 2024)

Economic Announcements:

  • Tuesday March 12th:
    • Consumer Price Index (CPI)
  • Thursday March 14th:
    • US Retail Sales
    • Core CPI

Major Company Earnings Announcements:

  • Monday, March 11th:
    • Oracle (ORCL)
  • Thursday, March 15th:
    • Adobe (ADBE)
    • ULTA (ULTA)

Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult a financial professional for personalized investment guidance.