Q2 Earnings, Data, Interest Controls US Market This Week.
@JC888:
US market last week’s performance was not uniform across the board (see above). DJIA: +2.10% to 35,227.69. Rallied 10 days non-stop, its longest rally since 2017. S&P 500: +0.69% to 4,536.34. Index is a mere 5.4% below its all-time peak. Nasdaq: -0.57% to 14,032.81. Strongest YTD index of the three at +35.66% gain. Apart from Dow Jones index enjoying a 10-day rally, below 2 Funds have also enjoyed 4 days of uninterrupted gains: Energy ( $Energy Select Sector SPDR Fund(XLE)$) Health Care ( $Health Care Select Sector SPDR Fund(XLV)$). I think, US market performance this week will continue to be influenced by: Q2 2023 earnings report. Official data on US economy. July 2023 interest hike. Quarterly Earnings