Market Action For Last Week
SPY (S&P 500 ETF)
- Last Friday's Closing Price (April 18, 2025): $521.16
- This Friday's Closing Price (April 25, 2025): $550.64
- Point Gain/Loss: +$29.48
- Percent Gain/Loss: +5.66%
QQQ (Nasdaq-100 ETF)
- Last Friday's Closing Price (April 18, 2025): $438.23
- This Friday's Closing Price (April 25, 2025): $472.56
- Point Gain/Loss: +$34.33
- Percent Gain/Loss: +7.83%
IWM (Russell 2000 ETF)
- Last Friday's Closing Price (April 18, 2025): $185.00
- This Friday's Closing Price (April 25, 2025): $194.12
- Point Gain/Loss: +$9.12
- Percent Gain/Loss: +4.93%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, May 5
- S&P Final U.S. Services PMI for April at 9:45 am
- ISM Services PMI for April at 10 am
Tuesday, May 6
- U.S. Trade Balance for March at 8:30 am
Wednesday, May 7
- Federal Open Market Committee (FOMC) Meeting: Conclusion of the two-day meeting with expected federal funds target range unchanged at 4.25% to 4.50%.
Thursday, May 8
- Bank of England Interest Rate Decision
Friday, May 9
- Canadian Labor Market Data
Upcoming Major Stock Earnings Reports
Monday, May 5
- Berkshire Hathaway (BRK.A)
- Palantir Technologies (PLTR) - Post Market
- Walt Disney (DIS) - Post Market
- Vertex Pharmaceuticals (VRTX) - Post Market
Tuesday, May 6
- Advanced Micro Devices (AMD) - Post Market
- Arista Networks (ANET) - Post Market
Wednesday, May 7
- AppLovin (APP) - Post Market
Thursday, May 8
- Shopify (SHOP) - Post Market
- ConocoPhillips (COP) - Before Market Open
- MercadoLibre (MELI) - Post Market
Market Outlook
For the next 30 days, I am neutral on the market. The resilience in the tech sector, particularly with strong earnings from major players like Microsoft and Meta, suggests potential growth. However, risks such as trade war concerns, potential economic slowdown, and high market valuations could lead to corrections. The upcoming US jobs report and earnings announcements from major companies will be critical in shaping market sentiment. Diversification and a focus on sector-specific opportunities, especially in AI and innovation, are advisable strategies.