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

  • After falling 7% in Friday’s trading debut, Uber continued its slide with shares down over 8% in morning trading Monday.
  • Monday the Supreme Court ruled against Apple in an App Store antitrust case, allowing consumers to proceed with a lawsuit challenging Apple’s exclusive control over the marketplace for iPhone apps.
  • Stocks fell sharply Monday after China retaliated with tariff hikes on $60 billion of goods starting June 1.
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  • Tuesday Disney announced it would take “full operational control” over Hulu from Comcast, effective immediately.
  • Wednesday President Trump signed an executive order banning U.S. companies from using telecoms equipment from sources deemed a national security threat. The move is seen as a blow to Chinese company Huawei. It also could potentially impact U.S. companies such as Intel, Qualcomm, Micron, Microsoft and Oracle that act as Huawei’s suppliers.
  • Thursday Walmart announced fiscal Q1 results, with earnings beating expectations. E-commerce revenues were up 37% during the quarter.
  • Friday the Trump administration confirmed it would delay tariffs on cars and auto part imports for up to six months.
  • Friday Fastly shares rose more than 30% in their first day of trading on the NYSE.
  • Tuesday: NFIB Small-Business Index for April climbed to a 4 month high of 103.5.
  • Wednesday: Retail Sales for April were down 0.2%.
  • Wednesday: Empire State Index for May came in at 17.8, a six-month high.
  • Wednesday: Industrial Production for April fell 0.5%.
  • Wednesday: NAHB Homebuilders Index for May was 66.
  • Thursday: Weekly Jobless Claims for week 5/11 were 212,000, lower-than-expected.
  • Thursday: Housing starts for April were 1.235 million annualized, an increase of almost 6% and higher-than-expected.
  • Thursday: Philly Fed Manufacturing Index for May was 16.6, a 4-month high.
  • Friday: Consumer Sentiment Index for May rose to 12.4 up from 97.2 in April. The reading was the highest level in 15 years.

News Next Week

  • Monday: Chicago Fed National Activity Index for April at 8.30am.
  • Tuesday: Existing Home Sales for April at 10.00am.
  • Wednesday: FOMC minutes at 2.00pm.
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  • Thursday: Weekly Jobless Claims for week 5/18 at 8.30am.
  • Friday: Durable goods Orders for April at 8.30am.

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