Stock Market Weekly update -May 26th
We pretty much ended the week right where we started, around 5300 on the SPX, tho we saw a big drop on Thursday. The small-cap Russell2000 is still showing weakness. Thursday's huge drop could b a a sign of further weakness ahead -we'll see.
The VIX popped on Thu as markets dropped, and as the VIX Futures contract expired on Wed. NVDA popped on Thu after reporting blowout earnings again, and also announcing a 10:1 stock split. Next week we close out the month of May (markets are closed on Monday).
The Dollar -was up a bit
The 10 year Interest rate -also up a bit
What to Expect in the Markets Next Week -PCE, earnings
Schwab Weekly Trader's Outlook
New all time Highs: NVDA, DELL, QCOM, VRTX, VRT, VST, NRG, CAVA, WMT, COST, ANF, DECK, EQH, CEG, and more...
-All time LOWS: WW
Percent of Stocks Above 50-Day Average ...down from 61 to 51%
ETFs | SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE, VIX | |
Stocks | AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA... |
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