Caught in the ebb and flow of a bear market, the world’s stock markets seemed to be taking another breather last week.
Following months of downward movement, the markets reached a stalemate around many of the world’s top stock-tracking indices last week. Specifically, the SPDR S&P500 ETF (NYSEARCA: SPY) has decreased less than 1% throughout the week, forming what stock chart technicians will call a “Doji candle” at the lows.
Cboe Global Markets Inc. (BATS: CBOE) reports that other global indices — like those reflected in iShares FTSE 100 (LSE: ISF) and iShares Core DAX UCITS ETF (BIT: EXS1) — mirrored this constricted price movement, with weekly movements falling below 1% for each.
Entering earnings season, Cboe also reports several eye-catching earnings releases — most notably from BlackRock Inc. (NYSE: BLK) and Citigroup Inc. (NYSE: C) — that have spurred the creation of many press headlines and quick-fire investments from traders.
BlackRock’s surprising response to a historic earnings release won it “chart of the week” in this weekly recap.
Finally, Cboe notes important upcoming earnings that may lift investors’ eyebrows in the following weeks.
Quick Bites
Exchange-Traded Funds
The SPDR S&P 500 ETF decreased by 0.91% last week, forming a long downward “tail” that some technical analysts would regard as evidence of buying pressure.
The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) decreased by 1.18% last week, forming a …
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