Market Action For Last Week
S&P 500 ETF (SPY)
- Last Friday's Closing Price (June 13, 2025): $597.00
- This Friday's Closing Price (June 20, 2025): $594.28
- Point Loss: -2.72
- Percent Loss: -0.46%
Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (June 13, 2025): $526.96
- This Friday's Closing Price (June 20, 2025): $526.83
- Point Loss: -0.13
- Percent Loss: -0.02%
Russell 2000 ETF (IWM)
- Last Friday's Closing Price (June 13, 2025): $208.89
- This Friday's Closing Price (June 20, 2025): $209.21
- Point Gain: +0.32
- Percent Gain: +0.15%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, June 23
- Fed Governor Christopher Waller Speaks at 3:00 AM ET
- S&P Global Flash Services PMI (June) at 9:45 AM ET
- S&P Global Flash Manufacturing PMI (June) at 9:45 AM ET
- Existing Home Sales (May) at 10:00 AM ET
- Multiple Federal Reserve Speakers throughout the day
Tuesday, June 24
- Personal Consumption Expenditures Price Index (PCE) Release (Exact time may vary)
- Cleveland Fed President Beth Hammack Speaks at 9:15 AM ET
- Fed Governor Lisa Cook Speaks at 9:15 AM ET
Upcoming Major Stock Earnings Reports
Monday, June 23
- FactSet Research Systems Inc. (FDS) - Before Market Open
Tuesday, June 24
- FedEx Corporation (FDX) - After Market Close
- Carnival Corporation (CCL) - After Market Close
- General Mills, Inc. (GIS) - After Market Close
- SYNNEX Corporation (SNX) - Before Market Open
Wednesday, June 25
- Micron Technology, Inc. (MU) - After Market Close
- Paychex, Inc. (PAYX) - Before Market Open
- Jefferies Financial Group Inc. (JEF) - After Market Close
Thursday, June 26
- Nike, Inc. (NKE) - After Market Close
- McCormick & Company, Incorporated (MKC) - Before Market Open
Market Outlook
For the next 30 days, the market sentiment appears bearish. The recent contraction in US GDP and the cautious investor sentiment amid geopolitical concerns, particularly in the Middle East, contribute to this outlook. The Federal Reserve's decision to keep interest rates steady reflects ongoing economic uncertainties. However, opportunities may exist in value stocks and dividend strategies, especially in sectors like utilities and financial services. Key events, such as the Federal Reserve meeting on June 25, could significantly influence market sentiment.