The S&P 500 index gained 0.45% last week despite a severe sell-off on Thursday and Friday, which cut its performance in half. A spike in oil prices an
S&P 500 gained 0.45% last week, its second positive week in a row, but sold off on Thursday, Friday. Earnings season takes center stage as Tesla, American Express, Johnson & Johnson and Goldman Sachs report. S&P 500 index closed Friday near support from June 26 near 4,328. September Retail Sales will be reported on Tuesday, Fed Chair Powell speaks on Thursday. Bank earnings from Wells Fargo, JPMorgan and Citigroup have raised expectations for this week’s slew of releases.
US Building Permits and Housing Starts for September will be released on Wednesday. Building Permits are expected to fall below the figure from August by about 90K, while Housing Starts are expected to exceed August’s reading by about 100K. The Fed’s Waller, Williams, Bowman, Cook and Jefferson will give speeches throughout the week that precede Jerome Powell’s speech during the market on Thursday .
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