Market Update 8/30/24
A profitable month of August ends with stocks mixed. Eight of the eleven S&P SPDR sectors were higher last week. Financials (XLF) and Industrials (XLI) were the best sectors, while Consumer Discretionary and Technology (XLY) were the weakest. The SPDR S&P 500 ETF Trust (SPY) gained +0.28%.
S&P SPDR Sector ETFs Performance Summary 08/23/24 – 08/30/24
Source: Stockcharts.com
Figure 2: Bonnie’s ETFs Watch List Performance Summary 08/23/24 – 08/30/24
Source: Stockcharts.com
The S&P 500 eked out a gain last week as Emerging Markets, technology, and Semiconductors weakened. Small Caps, both Growth and Value, did not follow through, having come to life the previous week.
Figure 3:YTD: Performance Summary Market Indices – 08/30/24
Source: Schwab
The averages finished mixed for the week before the holiday weekend, with the Dow and S&P 500 moving higher while the Nasdaq was down.
For further charting insights, you can explore Bonnie’s market charts.
You can view the Charts HERE.
Let’s get to know each other better.
If you want to discuss the charts further, contact me at Bonnie@Bonniegortler.com. Alternatively, you can go directly to my calendar to schedule a time.
Click HERE:
To your wealth and well-being,
Bonnie