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U.S. Stock Market Weekly Recap. Feb 19-23, 2018

JT001

24-Feb-2018 15:43 PM

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     Tuesday Dow Jones closes -258.69 points or 1.02%, IWM -0.82%, SPY -0.59% and IBB -2.05% ending the market six days rallies bounce, as Walmart weighs.

     Wednesday economic data: Existing home sales fall 3.2% in January, vs 0.8% increase estimate. the number  existing homes sales are 5.38M vs 5.61M.  The Fed FOMC meeting minutes stronger growth lifts likelihood of further hikes. Dow spiked to +300 points after FOMC, but closing down -166.97 points, SPY -0.53%, IBB -0.16%. The second day U.S. market with weak closed.

Thursday Jobless claims 1,875k vs 1,930k, Initial Jobless claims 222k vs 230k. This is the 5 weeks lows. Dow +164.70 points, SPY +0.08%, IBB -0.61%, iwm -0.16%, qqq -0.01%.

Friday lack of economic data, but the market end the week with strong rallies. Dow +347.51 points, SPY +1.59%, IWM +1.30%, QQQ +2.04% and IBB +2.08%. Leader this week was technology and biotech sector. 

Monday- U.S. stock market closed. 

Tuesday:

  • VYGR announce global strategic collaboration with AbbVie (ABBV)
  • WMT earning reports Q4 adj EPS $1.33 vs $1.37, slow down in U.S. ecommerce
  • MDXG postpones release of FY17

Wednesday:

  • PCLN Priceline name changing to Booking Holdings, new ticker "BKNG"
  • PTLA  CHMP negative vote for betrixaban
  • GWPH phase 2a proof of concept study di not meet endpoint
  • AAOI earning report Q4 EPS 89c vs 83c, revenue $79.9M vs $85.52M est

Thursday:

Friday:

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