E US Stock Market Weekly Review: June 15- June 19, 2020

Source: Trading Economics

This big jump in the retail sales is probably unsustainable and a reversion to the mean of previous months should be expected in the next months. But still, it's a huge improvement over the three consecutive declines for February, March, and April 2020, respectively.

For the week of June 15– June 19, 2020, the major US stock market indexes closed as follows on Friday, June 19, 2020:

• Dow Jones Industrial Average: Close 25871.46, +1.04% for the week, -9.35% Year-to-date

• S&P 500 Index: Close 3097.74, +1.86% for the week, -4.12% Year-to-date

• NASDAQ: Close 9946.12, +3.73% for the week, +10.85%, Year-to-date

• Russell 2000: Close 1418.63, +2.23% for the week, -14.97% Year-to-date

Weekly Stock Gainers

These are the top three gainers, stocks with five days of consecutive price advances:

1. Tortoise Acquisition Corp WT (NYSE:SHLL), Close 4.05, 5-day change +355.06%

2. Alpine Immune Sciences Inc (NASDAQ:ALPN), Close 12.10, 5-day change +224.40%

3. Mosaic Acquisition Corp WT (NYSE:VVNT), Close 6.03, 5-day change +103.03%

Weekly Stock Losers

These are the top 3 losers, stocks with 5 days of consecutive price declines:

1. Chesapeake Energy Corp (NYSE:CHK), Close 12.77, 5-day change -33.59%

2. Forte Biosciences Inc. (Nasdaq:FBRX), Close 14.31, 5-day change -27.18%

3. Panhandle Royalty Company (NYSE:PHX), Close 2.98, 5-day change -21.99%

Economic events for the week June 22- June 26, 2020:

Important economic data for this week will be the existing home sales, the Markit Manufacturing PMI Index (flash reading), personal income, and spending.

Sources:

https://www.wsj.com/market-data/stocks/us/indexes

https://www.barchart.com

https://www.fxstreet.com/economic-calendar

 

 

 

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Disclosure: I have no position in any stock mentioned

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