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by S. Wade Hansen

S&P 500 and DJIA End Week Near Highs

 

The major U.S. stock indexes were able to hold onto most of their gains from this week, and they closed near their highs for the year.

 

The Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) were both able to gain a little ground today, but we saw a late-day sell-off that indicates some traders were taking profits after a stellar week. Market Breadth Indicators Show Investors Taking Precautions

 

Review of Today’s Market Action
 
 
 

Next week is going to be an interesting week from an economic announcement standpoint, and these economic announcements will certainly impact whether or not the stock market can continue climbing.

 

Here are some of the important announcements for next week:

 

Monday, September 21

 

- Leading Indicators

 

Wednesday, September 23

 

- FOMC Rate Decision

- Crude Oil Inventories

 

Thursday, September 24

 

- Existing Home Sales

 

Friday, September 25

 

- New Home Sales

- Durable Goods Orders

 

More...

 


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