Market Action For Last Week
- SPY (S&P 500 ETF):
- Jul 3 close: 625.34
- Jul 11 close: 623.62
- Change: –1.72 points (–0.28%) StockAnalysis
- QQQ (Nasdaq-100 ETF):
- Jul 3 close: 556.22
- Jul 11 close: 554.20
- Change: –2.02 points (–0.36%) StockAnalysis
- IWM (Russell 2000 ETF):
- Jul 3 close: 223.08
- Jul 11 close: 221.70
- Change: –1.38 points (–0.62%) StockAnalysis
Note: July 4 was a holiday, so July 3 is used as the “prior Friday.”
Upcoming Major Economic Reports and Potential Market Moving Events
(All times ET)
- Monday, July 14
- No major U.S. releases scheduled Kiplinger
- Tuesday, July 15
- Consumer Price Index (CPI) & Core CPI (June), 8:30 am
- Empire State Manufacturing Index (Jul), 8:30 am
- Fed Gov. Michelle Bowman speaks, 9:15 am
- Industrial Production & Capacity Utilization (June), 9:15 am
- Fed Gov. Michael Barr speaks, 12:45 pm
- Boston Fed Pres. Susan Collins speaks, 2:45 pm
- Dallas Fed Pres. Lorie Logan speaks, 6:45 pm Kiplinger
- Wednesday, July 16
- Producer Price Index (PPI) & Core PPI (June), 8:30 am
- Cleveland Fed Pres. Beth Hammack speaks, 9:15 am
- Beige Book release, 2:00 pm
- New York Fed Pres. John Williams speaks, 6:30 pm Kiplinger
- Thursday, July 17
- Weekly Jobless Claims (week ending Jul 12), 8:30 am
- Retail Sales (June), 8:30 am
- Phila. Fed Manufacturing Index (Jul), 8:30 am
- Import Prices (June), 8:30 am
- NAHB Housing Market Index (Jul), 10:00 am
- Business Inventories (May), 10:00 am Kiplinger
- Friday, July 18
- Building Permits (June), 8:30 am
- Housing Starts (June), 8:30 am
- U. of Michigan Consumer Sentiment (prelim Jul), 10:00 am Kiplinger
Upcoming Major Stock Earnings Reports
(Indicate pre- or post-market)
- Monday, July 14
- No major large-cap Q2 reports scheduled
- Tuesday, July 15
- JPMorgan Chase (pre-market)
- Citigroup (pre-market)
- Wells Fargo (pre-market) Kiplinger
- Wednesday, July 16
- ASML (pre-market)
- Goldman Sachs (pre-market)
- Johnson & Johnson (pre-market) Kiplinger
- Thursday, July 17
- Abbott Labs (pre-market)
- PepsiCo (pre-market)
- GE Aerospace (pre-market)
- Travelers Cos. (pre-market) Kiplinger
- Friday, July 18
- 3M (pre-market)
- American Express (pre-market)
- Charles Schwab (pre-market) Kiplinger
Market Outlook (30-Day)
Given the slight pullback in major indices, elevated inflation readings ahead (CPI, PPI) and the volatility that often accompanies bank and tech earnings, I’m neutral on the market over the next 30 days. While earnings season and Fed‐speaker commentary could spark swings, underlying breadth remains firm—suggesting any dips may offer selective buying opportunities rather than signaling a sustained downturn.
Sources
Ask ChatGPT