Weekly Performance of Major Indexes
For the week ending May 24, 2024, the S&P 500 ETF (SPY) closed at $529.44, virtually unchanged from the prior Friday's close of $529.45, resulting in a negligible percentage change. The Nasdaq-100 ETF (QQQ) closed at $457.95, up from $451.76, marking a gain of 6.19 points or approximately 1.37%. The Russell 2000 ETF (IWM) ended the week at $205.44, down from $208.08, a loss of 2.64 points or around 1.27%.
Upcoming Economic Reports
The upcoming week has several major economic reports scheduled for release that could potentially impact the markets:
- GDP Growth Rate: Scheduled for release on Wednesday, May 30, with an estimate of 1.5%.
- Core PCE Price Index MoM: Due out on Thursday, May 31, with an estimate of 0.3%.
- Personal Income: Also set for release on Thursday, May 31, with an estimate of 0.3%.
- Personal Spending: Expected on Thursday, May 31, with an estimate of 0.3%.
Major Corporate Earnings Announcements
For the coming week, several major companies are expected to report quarterly earnings results:
- RPM International Inc (RPM): Confirmed to report Q4 earnings on Monday, May 27.
Please note that earnings dates should be confirmed via the companies' investor relations websites as they are subject to change. The economic reports and corporate earnings announcements listed are among the most significant for the week and could influence market behavior.