Weekly Market Snapshot

News Last Week

  • Tuesday Amazon announced it is acquiring Wi-fi router company Eero.
  • Wednesday Johnson and Johnson announced they would be buying robotic surgery company Auris Health for $3.4 billion in cash.
  • Thursday Yelp stock traded higher after the company beat on revenue and earnings.
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  • Thursday CNBC reported that Apple is planning to launch a video streaming service in April or May, but Netflix won’t be included and HBO may not join.
  • Thursday Fed Governor Lael Brainard said “downside risks “are increasing for economic growth.
  • Thursday Amazon announced it would no longer be creating a new headquarters in New York City.
  • Thursday Coca Cola had its worst day since October 2008 as a decline in sales and disappointing guidance pushed shares down 8%.
  • Thursday Congress passed a border-security compromise to avert another partial government shutdown. Friday President Trump declared a national emergency to boost funding for physical barriers along the U.S.-Mexico border.
  • Friday the Washington Post reported that the Federal Trade Commission is negotiating with Facebook in relation to a record multi-million dollar fine over the Cambridge Analytica data scandal.
  • Friday the latest round of trade talks wrapped up in Beijing with U.S. Treasury Secretary Mnuchin describing them as “productive”.
  • Tuesday: NFIB Small Business Index for January was 101.2.
  • Tuesday: The JOLTS survey revealed 7.3 million job openings, the highest since records began and exceeding the number of unemployed at 6.3 million.
  • Wednesday: Consumer Price Index for January came in at 0.0% or 1.6% year-on-year.
  • Wednesday: Core CPI for January was 0.2% or 2.2% year-on-year.
  • Thursday: Retail Sales for December (new release date) fell 1.2%.
  • Thursday: Producer Price Index for January fell by 0.1%.
  • Friday: Retail Sales for January – delayed by government shutdown.
  • Friday: Empire State Index for February was 8.8, higher-than-expected.
  • Friday: Consumer Sentiment for February came in at 95.5.
  • Friday: Industrial Production for January fell 0.6%.

News Next Week

  • Monday: Presidents’ Day Holiday.
  • Tuesday: Home Builders’ Index for February at 10.00am.
  • Wednesday: Housing Starts for January at 8.30am – delayed.
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  • Wednesday: FOMC minutes at 2.00pm.
  • Thursday: Durable Goods Orders for December (new release date) at 8.30am.
  • Thursday: Existing Home Sales for January at 10.00am.

Featured Chart

January-2019-Index-Performance

02/18/2019

January 2019 was the strongest January since 1990 for Russell U.S. style indices

U.S. stocks posted strong returns across the style and size spectrum in January. Russell 1000® Index measures the performance of the large-cap segment of...

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