Weekly Market Snapshot

Download the Weekly Market Snapshot to stay up-to-date with stock markets and sectors, bond market returns and financial news for the week.

News Last Week

  • Apple shares continued to slide Monday after a report from the Nikkei Asian Review. The report cited anonymous sources that Apple had curbed plans for extra iPhone XR production capacity with its top smartphone assemblers Foxconn and Pegatron.
  • Warren Buffett’s Berkshire Hathaway revealed Monday in an SEC filing that the company had bought back $1 billion of its own stock in August. Berkshire’s B Shares jumped nearly 5% on expectations that the buyback activity may have continued.
  • Tuesday Etsy stock rose 11% after the bell after releasing better-than-expected revenue and earnings. Zillow stock fell 20% in late trading after a disappointing forecast.
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  • Roku shares dropped more than 10% after the bell Wednesday, despite releasing better-than-expected earnings. Analysts were disappointed with the company’s holiday quarter projections. Meanwhile, Trip Advisor shares surged more than 10% on an earnings beat.
  • Groupon posted mixed results Wednesday with the stock closing down over 10%.
  • Friday GE shares slid after a JP Morgan analyst reduced his price target to $6, the lowest on Wall Street. GE responded to the move by saying the company had ‘a sound liquidity position.’
  • Friday oil prices dropped for a 10th consecutive session, extending the bear market drop that has occurred since the early October peak. Analysts say record output and falling demand is contributing to the price plunge.
  • Monday: Markit Services PMI final for October was 54.8.
  • Monday: ISM non-manufacturing index for October came in at 60.3%, higher-than-expected.
  • Tuesday: The JOLTS survey for September revealed vacancies edged slightly lower to 7 million, but still higher than the corresponding unemployment number for the month which was just under 6 million.
  • Thursday: The FOMC announcement was for rates to be left unchanged.
  • Friday: Producer Price Index for October was higher-than-expected at 0.6%. The Core PPI that excludes food, energy, and trade margins rose by 0.2%.
  • Friday: Consumer Sentiment for November was a higher-than-expected 98.3, keeping the index on pace for its strongest year since 2000.

News Next Week

  • Monday: Veterans Day.
  • Tuesday: NFIB Small-Business Index for October at 6.00am.
  • Wednesday: Consumer price Index for October at 8.30am.
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  • Wednesday: Core CPI for October at 8.30am.
  • Thursday: Retail Sales for October at 8.30am.
  • Thursday: Philly Fed for November at 8.30am.
  • Thursday: Empire State Index for November at 8.30am.
  • Friday: Industrial Production for October at 9.15am.

Recent Charts

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