Market Action For Last Week
S&P 500 ETF (SPY)
- Last Friday's Closing Price (May 9, 2025): $564.34
- This Friday's Closing Price (May 16, 2025): $590.46
- Point Gain/Loss: +$26.12
- Percent Gain/Loss: +4.63%
Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (May 9, 2025): $487.97
- This Friday's Closing Price (May 16, 2025): $519.25
- Point Gain/Loss: +$31.28
- Percent Gain/Loss: +6.41%
Russell 2000 ETF (IWM)
- Last Friday's Closing Price (May 9, 2025): $200.81
- This Friday's Closing Price (May 16, 2025): $208.13
- Point Gain/Loss: +$7.32
- Percent Gain/Loss: +3.64%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, May 19, 2025
- No major economic reports scheduled.
Tuesday, May 20, 2025
- Federal Reserve Speakers: Various speeches throughout the day.
Wednesday, May 21, 2025
- Existing Home Sales for April: Insights into the U.S. housing market.
Thursday, May 22, 2025
- S&P Global Flash Manufacturing PMI for May: Key insights into manufacturing sector performance.
- Initial Jobless Claims for May 17
Friday, May 23, 2025
- New Home Sales for April: Data on new home sales in the U.S.
Upcoming Major Stock Earnings Reports
Monday, May 19, 2025
- No major earnings reports scheduled.
Tuesday, May 20, 2025
- Home Depot (HD): Premarket
- Pinduoduo (PDD): Premarket
- Palo Alto Networks (PANW): Postmarket
Wednesday, May 21, 2025
- Intuit (INTU): Postmarket
- TJX Companies (TJX): Premarket
- Lowe's (LOW): Premarket
- Medtronic (MDT): Postmarket
Thursday, May 22, 2025
- Analog Devices (ADI): Postmarket
- Workday (WDAY): Postmarket
- Autodesk (ADSK): Postmarket
Friday, May 23, 2025
- No major earnings reports scheduled.
Market Outlook
For the next 30 days, I am bullish on the market. The recent rally, driven by easing US-China trade tensions and strong performance in the technology sector, suggests continued positive momentum. However, investors should remain cautious of potential volatility due to economic data releases and geopolitical events. Diversification and a focus on growth stocks could be beneficial strategies in this environment.