iShares Russell 2000 ETF

  • IWM

  • $219

  • -0.89%

  • $220

  • $221

  • $217

Ticker Appearances

First Word
Mon, October 21, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Light macro week, but heavy 3Q24 EPS season. 112 cos report (>20% index) with 25 being Industrials. Stay on target.

VIDEO: We are entering the "heart" of earning season with 112 cos reporting this week, or >20% of S&P 500.  So far, this has been...

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Tue, October 15, 2024 | 12:56PM ET

⚡ FlashInsights

Tue, October 15, 2024 | 12:56PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
While it seems like the US stock market is having a down day, that's a bit of a mirage given the 9 sectors out of 11 that are rallying today. Financials and REITS and Staples are all up more than 1% and breadth is positive by around a 3/2 ratio. While Semiconductors are driving Technology lower by 1%, the Equal-weighted S&P 500 is higher by +0.40%, its fifth positive day of the last six. While there are risks on the immediate horizon, those likely won't begin to surface until next week. For now, Both Small cap ETF (IWM -0.89% ) and the DJ Transportation Average are breaking out today, and these are positives for the broader market despite Tech lagging. I'll discuss some of the Market negatives likely on Thursday or Friday of this week and what it might mean for US stock indices. At present, SPX and QQQ are down near yesterday's lows, but not too much damage, and RSP has furthered its rally to new all-time highs.
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