Market Action For Last Week
S&P 500 ETF (SPY)
- Last Friday's Closing Price (May 16, 2025): $594.20
- This Friday's Closing Price (May 23, 2025): $579.11
- Point Loss: -$15.09
- Percent Loss: -2.54%
Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (May 16, 2025): $521.51
- This Friday's Closing Price (May 23, 2025): $509.24
- Point Loss: -$12.27
- Percent Loss: -2.35%
Russell 2000 ETF (IWM)
- Last Friday's Closing Price (May 16, 2025): $209.85
- This Friday's Closing Price (May 23, 2025): $202.56
- Point Loss: -$7.29
- Percent Loss: -3.47%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, May 26, 2025
- No major economic reports scheduled.
Tuesday, May 27, 2025
- Consumer Confidence Index
- New Home Sales
Wednesday, May 28, 2025
- Durable Goods Orders
- Pending Home Sales
Thursday, May 29, 2025
- Initial Jobless Claims
- GDP Growth Rate (Preliminary)
Friday, May 30, 2025
- Personal Income and Outlays
- Chicago PMI
Upcoming Major Stock Earnings Reports
Tuesday, May 27, 2025
- Premarket: AutoZone (AZO)
- Postmarket: Salesforce (CRM)
Wednesday, May 28, 2025
- Postmarket: NVIDIA (NVDA), Synopsys (SNPS), Dell Technologies (DELL), Marvell Technology (MRVL), Veeva Systems (VEEV), Agilent Technologies (A)
Thursday, May 29, 2025
- Postmarket: Costco Wholesale (COST), Zscaler (ZS)
Market Outlook
For the next 30 days, I am neutral on the market. The recent downturn in major indices, coupled with geopolitical tensions and inflation concerns, suggests caution. However, opportunities in high-quality stocks and dividend-paying companies remain. The upcoming economic reports and earnings announcements will be crucial in shaping market sentiment. Investors should stay vigilant and monitor these developments closely.